Facebook has banned ads that promote initial coin offerings (ICOs), cryptocurrencies like Bitcoin and binary options trading from its platforms, including Instagram, Audience Network and Messenger.
The new policy prohibits ads that promote financial products and services that are frequently associated with misleading or deceptive promotional practices, Facebook said in a statement late on Tuesday.
The enforcement will begin to ramp up across Facebook platforms.
The social media platform is asking its over two billion-strong community to report content that violates its advertising policies.
