Facebook retreats from crypto ad ban

December 2, 2021 Blockchain

Facebook on Wednesday announced its decision to reverse long-standing policy that prevented most cryptocurrency companies from running ads on its services.

The move comes after the company tried and failed to launch a cryptocurrency that

was intended to send money easily across the world via the company’s services.

The company’s new policy is huge for the crypto industry and will allow more retail investors to access cryptocurrencies than ever before.

Facebook on Wednesday announced its decision to reverse long-standing policy that prevented most cryptocurrency companies from running ads on its services.

The move comes after the company, which is now called Meta, tried and failed to launch a cryptocurrency that could be used to send money online to anyone in the world via Facebook products. The head of Facebook’s cryptocurrency efforts, David Marcus, announced on Tuesday that he will be leaving the company at the end of the year.