Here’s Why Facebook Banned Cryptocurrency Ads

Facebook recently banned ads linked to certain financial practices and services, such as initial coin offerings and cryptocurrencies. Although the site clarified it wanted to continue to be a place where people can learn about new products, it said it did not want to perpetuate those intended to mislead or deceive.

The announcement from Facebook also stated there are many entities advertising banned things that are “not currently operating in good faith.” The company knows that this new development is broad and says its scope is intentional.

However, it noted there would be ongoing efforts to revisit the policy and potentially change its enforcement as the site gets better at detecting ads that have no place there as far as Facebook’s rules go.

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