According to Reuters, Facebook has reversed its decision to ban cryptocurrency ads.
Earlier this year, Facebook banned all crypto ads when bitcoin price surged to the top. Now Facebook will now allow preapproved advertisers to promote crypto businesses and services. However, ICOs and binary options are still banned.
“Interested advertisers may have to show Facebook “licenses they have obtained, whether they are traded on a public stock exchange, and other relevant public background on their business” in order to receive permission to run crypto ads,” Recode.net wrote.