Facebok is changing its ban on cryptocurrency ads with its latest decision..
The social media giant will ease its precaution against crypto money and crypto money service advertisements by one level with its new “crypto money products and services request form”..
According to the report it published on its official blog, Facebook seems to have changed its decision a few months ago in line with social media channels such as Google and Twitter.
*Note: Google announced that it would ban cryptocurrency ads in June. , but we still come across ICO and crypto money ads on Google;
Although the report states that Facebook will not be allowed to promote ICOs or similar investments, I’m on my Facebook account “probably just like you guys”. I’ve been encountering ICO ads for a long time, like” Although it states that its ads will not be allowed, I have been encountering these ads for a long time.. Facebook is actually announcing that it has given up fighting against crypto money ads that it does not control / cannot control with its latest report.. At the same time, it gives up on turning a big advertising industry down.
You can get detailed information about the subject by reading this legal requirement indicator published by Facebook for cryptocurrency ads.. The indicator includes information that Facebook has learned about whether crypto money services are meeting their legal obligations..
In addition, it is stated that the published report may be updated in the coming weeks..
Facebook’s director of product management, Rob Leathern, also makes this statement on the subject;
“With the new regulations, we do not guarantee that we will publish ads for the entire cryptocurrency industry.. On the other hand, after listening to the requests and explanations of users and checking their compatibility with our wishes, we can publish these ads and innovate in our regulatory requirements.”
The Cryptocurrency Advertising Industry Welcomes the Decision
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Speaking on the subject after the decision and working on cryptocurrency marketing/marketing, the names emphasized that this development is very positive news for the cryptocurrency industry..
Ditto PR founder Trey Ditto commented on the decision, speaking to CoinDesk;
“With this decision, Facebook gives the green light to quality blockchain, cryptocurrency and ICO projects. And we can say that it attracts potential investors to our industry.
At the same time, Facebook will greatly mobilize and grow its own advertising revenues with this decision.. There is great interest in this area and projects are very eager to spend their advertising revenues.”