wordpress blog stats
Connect with us

Hi, what are you looking for?

Facebook relaxes policy for advertising crypto news, education and events; bans ‘contract for difference’ ads

Facebook announced last week that it was modifying its policies related to ads on blockchain and cryptocurrency, and banning ads for ‘contracts for difference’ (CFDs). The company said while it would still require people to apply to run ads promoting cryptocurrency, but they would no longer require pre-approval for ads related to blockchain technology, industry news, education or events related to cryptocurrency. However, ads promoting binary options and initial coin offerings (ICOs) would remain banned, and those promoting cryptocurrency, cryptocurrency exchanges, and mining software and hardware, would still have to undergo a review. Facebook had banned all crypto ads on the platform in January 2018, around the time of the bitcoin price surge, to prevent promotion of financial products "frequently associated with misleading or deceptive promotional practices.” In June 2018, it partially reversed this ban by allowing some advertisers to promote crypto businesses and services provided they were pre-approved by Facebook. The latest change drops this requirement for certain types of ads. Facebook also said it would ban ads promoting contracts for difference (CFDs) from June 5. According to the company, CFDs are often associated with predatory behaviour and used to mislead people. The company added that the content, targeting and positioning of such ads on the landing page must comply with this update to its policy. "For example, 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…

Please subscribe/login to read the full story.
Written By

Free Reads

News

Experts debate the efficacy of ex-ante regulation in India's fast-evolving digital market. Is preemptive control the answer?

News

Lacking plans about the use and regulation of artificial intelligence, use of drones, health stack, cybersecurity and Smart Cities, the manifesto does not have...

News

WhatsApp’s new policy lowers the age limit to 13, facing fierce criticism from child protection groups in Europe.

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

NPCI CEO Dilip Asbe recently said that what is not written in regulations is a no-go for fintech entities. But following this advice could...

News

Notably, Indus Appstore will allow app developers to use third-party billing systems for in-app billing without having to pay any commission to Indus, a...

News

The existing commission-based model, which companies like Uber and Ola have used for a long time and still stick to, has received criticism from...

News

Factors like Indus not charging developers any commission for in-app payments and antitrust orders issued by India's competition regulator against Google could contribute to...

News

Is open-sourcing of AI, and the use cases that come with it, a good starting point to discuss the responsibility and liability of AI?...

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ