Categories: Cryptocurrencies

Facebook backtracks on cryptocurrency ads ban

The tech giant explains that cryptocurrency ads will have to be pre-approved before going live. Facebook’s ban was mimicked earlier this year by Google, Twitter and Snapchat, all who have not yet reversed their prohibitions on crypto advertisement.

With the reversal, advertisers will be required to submit an application that includes licensing information and whether the relevant cryptocurrency is publicly traded. “Given these restrictions, not everyone who wants to advertise will be able to do so,” Facebook Product Manager Rob Leathern says. “But we’ll listen to feedback, look at how well this policy works and continue to study this technology so that, if necessary, we can revise it over time.”

Earlier this year, Facebook announced its own blockchain technology research and development team and, according to unnamed insiders, will likely take a hard look at cryptocurrencies.

Olivier Acuña

Olivier has been writing for over 30 years. He has been based in six countries working for major news outlets including the Guardian, UPI & AP. He has covered massive earthquakes, presidential elections, immigration, and taken photos standing in the middle of shootouts between drug cartels, gone undercover to investigate organised crime, interviewed presidents, former presidents, heads of international organisations.

Disqus Comments Loading...

Recent Posts

3DOS Launching Decentralized “Uber for 3D Printing” on Sui

Grand Cayman, Cayman Islands, 12th September 2024, Chainwire

1 week ago

Flipster Announces Collaboration with Tether

Warsaw, Poland, 20th August 2024, Chainwire

1 month ago

PEXX Announces Strategic Acquisition of Chain Debrief

Singapore, Singapore, 20th August 2024, Chainwire

1 month ago

Kwenta and Perennial Kickstart Arbitrum Expansion with 1.9M ARB

Grand Cayman, Cayman Islands, 26th July 2024, Chainwire

2 months ago

Ethereum could soon surpass the 3K price point

As usual, the crypto market is keeping everyone guessing what could happen next. After an…

2 months ago