Facebook loosens ban on cryptocurrency ads
Only a day after its cryptocurrency chief stepped down
Facebook announced today that is stepping back from its longstanding ban on cryptocurrency.
Meta has loosed its ban by expanding the number of regulatory licenses it accepts on Facebook from three to 27. The Cryptocurrency space has "matured and stabilized" enough to justify the change of heart, the company said.
Advertisers still need written permission to run ads for cryptocurrency exchanges, trading platforms, software apps or products, cryptocurrency wallets, and hardware and software for cryptocurrency mining.
“Cryptocurrency continues to be an evolving space and we may refine these rules over time as the industry changes. This includes adding eligible licenses to the list as they become available and after we have reviewed them,” Facebook announced in a blog post.
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