SecureWorld News

Facebook, Instagram Banning Ads for Cryptocurrency

Written by SecureWorld News Team | Thu | Feb 1, 2018 | 4:43 PM Z

Facebook revised its advertising policy this week to ban cryptocurrency ads. The ban extends to the company's Instagram platform, as well.

Excluded by Facebook's policy are those "that promote financial products and services that are frequently associated with misleading or deceptive promotional practices, such as binary options, initial coin offerings, and cryptocurrency."

Here are some examples:

One thing is for sure, Initial Coin Offerings are very risky. Approximately 10% of money invested in ICOs is stolen by hackers.