Facebook eases ban on cryptocurrency related ads

Facebook Inc on Tuesday decided to allow certain ads promoting cryptocurrency and related content from pre-approved advertisers, but would continue its ban on those tied to binary options and initial coin offerings.

Facebook had in January banned ads that promote financial products and services that are frequently associated with misleading or deceptive promotional practices.

“We will listen to feedback, look at how well this policy works and continue to study this technology so that, if necessary, we can revise it over time,” Facebook’s product management director, Rob Leathern, said in a blog.

Facebook has also started testing its feature of allowing group admins to earn from exclusive content which group members consume. The charges lie between $5 to $25 per month depending on the type of content. The implementation of this project was initiated after several group admins sent their suggestions regarding the feature. Making exclusive content requires time and money and this feature will considerably aid admins to produce more quality content.

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