Facebook mentions in a blog post that all advertisers, even regular sign-ups and legitimate businesses, are not allowed to release digital Bitcoin-like cryptocurrencies, binary options, and Initial coin sales offerings, ICO) related ads.
This will mean that James Altucher, the digital crypto currency genius, will not be able to advertise on Facebook, and his ads span the entire Internet, making it almost a memo to the entire cryptocurrency industry.
Ads that violate the new Facebook advertising rules will not appear on platforms where their core apps and other Facebook ads are served, such as Instagram and Facebook's Audience Network, a system that sells ads exclusively on third-party platforms.
Rob Leathern, director of advertising at Facebook, wrote in a post: 'We wanted to get users to advertise through the Facebook platform to discover new products and services without fraud and misleading, ICOs, binary options, and digital cryptocurrencies, the new advertising ordinance was initially widely covered in order to detect all ads that were fraudulent and misleading, and would be appropriate as our testing technology improved Modify this regulation.
The rise of digital cryptocurrencies has led to fraud, which has led to large fluctuations in the price of consumers, including some inexperienced investors, who have lost a lot of money. While fraudulent activities are illegal, they do not invest in bets they do not understand Illegal.