To bring you the best content on our sites and applications, Meredith partners with third party advertisers to serve digital ads, including personalized digital ads. Those advertisers use tracking technologies to collect information about your activity on our sites and applications and across the Internet and your other apps and devices. Facebook says it is banning all ads related to cryptocurrencies, including Bitcoin, in an effort to fight scams. The social media giant said it is barring bitcoin magazine 425 for financial products and services that are frequently associated with ‘deceptive promotional practices’.
The company said this included initial coin offerings and cryptocurrencies. Initial coin offerings or ICOs are a way for companies to raise funds by selling investors cryptographic assets. Facebook says it is banning all ads related to cryptocurrencies in an effort to fight scams. Fraud is common in the world of red hot digital currencies such as bitcoin.
Has the Jack the Ripper letter mystery been solved? In a blog post announcing the news, Facebook product management director Rob Leathern hinted that Facebook may modify the new policy at some point to allow bona fide crypto-related businesses to advertise again. We want people to continue to discover and learn about new products and services through Facebook ads without fear of scams or deception,’ Mr Leathern wrote. That said, there are many companies who are advertising binary options, ICOs and cryptocurrencies that are not currently operating in good faith. Specific examples of banned adverts include ‘Click here to learn more about our no-risk cryptocurrency that enables instant payments to anyone in the world’, writes the Guardian. Use your retirement funds to buy Bitcoin!