Facebook relaxes blockchain advertising policy
Facebook will also continue to ban ads for initial coin offerings (ICOs) and binary options. In addition, starting June 5, the company will no longer allow ads for contracts for difference (CFDs).
Facebook has reportedly been exploring a move into the crypto and blockchain space in the past few months. Reports in the media have suggested that the Menlo Park-based company is developing its own stablecoin to be used for money transfers on its mobile messaging service WhatsApp. The company is said to be planning to raise up to $1 billion from outside investors. It wants to use the capital as a collateral for its token, to ensure that it maintains a stable value against a basket of fiat currencies. According to reports, Facebook is initially targeting the Indian market.
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The post Facebook relaxes blockchain advertising policy appeared first on The Independent Republic.
source: https://theindependentrepublic.com/facebook-relaxes-blockchain-advertising-policy/
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