Facebook is reversing its ban on cryptovurrency ads and its will now allow some pre approved ads to promote crypto businesses and services to like exchange.
Facebook banned all crypto ads on the service back in january, around the height of the bitcoin price surge, to prevent people from promoting "financial products and services frequently associated with misleading or deceptive promotional practices."
Now, Advertisers that are approved by facebook through an application process can promote crypto products, though ads promoting binary options and ICO initial coin offering are still banned. Interested ads may have to show facebook in order to receive permission to run crypto ads.