Facebook has updated its advertising policy, announcing in a blog post on Tuesday (January 30th) that it prohibits ads that use "misleading or deceptive promotional practices", which, according to the social media platform, include digital advertising and digital currency launch (ICO) ).
The ad claims that there are "many companies" that use the Facebook platform to advertise financial products, such as binary options, currency and digital currency offerings, but "do not work in good faith."
Because of this, the publication continues, Facebook will make "cheating for profit more difficult" by preventing them from being on the social networking platform and banning all similar ads. The ad also encourages users to help protect the community by reporting content that violates the new rule.
"Two of our core advertising principles highlight our belief that advertising must be secure and that we build it for the benefit of people first," says Visbuk.