Social Media giant Facebook has announced another change in its policy related to the advertising of cryptocurrencies and blockchain services. This latest change has seen its need for pre-approval on most projects in the space removed.
The timing of this change in policy is interesting as there are a lot of rumours circling that Facebook is looking for funding of as much as $1 billion dollars, from investors as big as Visa and Mastercard, to launch their own stable, cryptocurrency-like, coin.
A change of heart
Ads pertaining to blockchain tech, industry news, as well as events and educational materials for cryptocurrencies can now be displayed on Facebook without prior approval, it was announced at the development on Facebook Business this week.
The loosening of Facebook’s tight grip, and blanket ban, on cryptocurrency advertising has taken over a year to come with the company beginning a wave of advertising bans in January of last year which included Twitter and Google.