Facebook BANS Bitcoin ads just days after Mark Zuckerberg praises virtual currency
The confusing move was announced in a blog post by a Facebook product chief, who said the decision was made to keep users “safe”.
The decision means that you’ll never see any advertisements for Bitcoin, or any other cryptocurrency – including popular rivals like Litecoin, Ethereum, and Ripple.
“We’ve created a new policy that prohibits ads that promote financial products and services that are frequently associated with misleading or deceptive promotional practices,” said Facebook’s Rob Leathern.
But he also admitted: “We may not catch every ad that should be removed”
The news follows Zuckerberg’s January announcement that he was looking into how virtual currencies like Bitcoin could be integrated into Facebook.