Facebook will be revamping their January crypto ad ban policy to allow certain related advertisements through an application process.
The press release defines that the new policy will allow “cryptocurrency and related content from pre-approved advertisers,” but will continue blocking “binary options and initial coin offerings.”
Those looking to place ads will have to submit an application with information regarding any licenses they have obtained, whether they are traded on a public stock exchange, and other relevant public background on their business.
Blockchain Space Leaders Response
Iqbal Gandham, UK Managing Director at eToro:
Shane Brett, Co-founder and CEO of GECKO Governance:
Antonio Romero, Orvium Co-founder:
James Tabor, CEO of MEDIA Protocol:
Gianluca Giancola, Co-founder and Head of Design & UX at qiibee:
Carlos Grenoir, CEO of Olyseum:
Will the application and cost be worth it?
It seems like these blockchain space leaders would say so. Facebook provides a platform to reach a consistently growing user base that is now well over 2 billion.