The heat is on Facebook

Facebook has been taking a lot of heat regarding the impact it had on the 2016 Presidential election. It may not be related but one of the last areas that the company would want to come under fire for is people buying Bitcoin or other digital currencies and then losing a lot of their investment.

The company added the new policy prohibiting advertising for digital currencies on its website last night. In its posting it wrote, “We want people to continue to discover and learn about new products and services through Facebook ads without fear of scams or deception. That said, there are many companies who are advertising binary options, ICOs and cryptocurrencies that are not currently operating in good faith.”

It added, “This policy is intentionally broad while we work to better detect deceptive and misleading advertising practices, and enforcement will begin to ramp up across our platforms including Facebook, Audience Network and Instagram. We will revisit this policy and how we enforce it as our signals improve.”

Original story: https://tinyurl.com/ya4cm5yy