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Facebook forbids cryptocurrency ads

January 31, 2018

Facebook will not allow any cryptocurrency exchange to advertise on its platform.

The annnouncement detailed that the new policy would prohibit ads associated with misleading or deceptive promotion practices such as ICO’s, binary options, and cryptocurrency.

Acknowledging that not all cryptocurrency is harmful or deceptive, Rob Leathern, Facebook’s product management director, said that the company wants to lower risk for its users.

The change comes just days after cryptocurrency hackers managed to extract value from the computers and devices of YouTube’s users, for the purpose of currency mining

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