Facebook announces ban on all crypto related advertisements

Facebook announced the ban on all advertisements related to cryptocurrencies, including Bitcoin, on January 30, 2018. This decision was part of an effort to prevent scams and fraud associated with initial coin offerings and other deceptive promotional practices. However, the company slightly reversed its ban in June 2018, allowing pre-approved businesses to promote certain services.
 

Facebook imposed a ban on advertisements for Bitcoin and other cryptocurrencies in January 2018. This decision was part of an effort to prevent misleading or deceptive promotional practices associated with crypto-related products and services, which were proliferating amid the boom in initial coin offerings (ICOs) at the time.
 

The ban was comprehensive, covering all ads related to cryptocurrencies, and was a move to protect users from potential scams and fraud. However, in June 2018, Facebook revised its policy, allowing pre-approved businesses to promote certain crypto services, signaling a slight easing of the initial strict measures.