Facebook clears path for FB Coin as it lifts the ban from Crypto and Blockchain Ads

Facebook the social giant announces on May 8th 2019 the updated ad policies for financial services and products.

Last June Facebook updated their advertising policies in which it, “prohibit ads 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.

Almost after one year, it revised its ad policies and now it will “no longer require pre-approval for ads related to blockchain technology, industry news, education or events related to cryptocurrency.”

However, Facebook will continue the ban on “an ad that directs to a landing page that features a restricted product, such as a cryptocurrency exchange, will still require prior approval. Or, if the landing page includes a prohibited product, such as an initial coin offering (ICO), we will reject it.”

Facebook clears path for FB Coin

Facebook new ad policies seem that it is actively looking to launch its own cryptocurrency. Wall Street Journal reported that Facebook is developing a blockchain platform called Project Libra.

So the updated ads policies that lift the ban from promoting blockchain technology, industry news, education or events related to cryptocurrency indicates that Facebook will soon make an official announcement regarding its blockchain platform.