{"id":14929,"date":"2021-12-03T01:54:35","date_gmt":"2021-12-03T01:54:35","guid":{"rendered":"https:\/\/www.buyucoin.com\/crypto-labs\/meta-relaxes-facebooks-cryptocurrency-ad-policy-says-crypto-continues-to-mature-and-stabilize\/"},"modified":"2021-12-03T01:54:35","modified_gmt":"2021-12-03T01:54:35","slug":"meta-relaxes-facebooks-cryptocurrency-ad-policy-says-crypto-continues-to-mature-and-stabilize","status":"publish","type":"post","link":"https:\/\/www.buyucoin.com\/crypto-labs\/meta-relaxes-facebooks-cryptocurrency-ad-policy-says-crypto-continues-to-mature-and-stabilize\/","title":{"rendered":"Meta Relaxes Facebook\u2019s Cryptocurrency Ad Policy \u2014 Says Crypto Continues to \u2018Mature and Stabilize\u2019"},"content":{"rendered":"

Meta, formerly Facebook, has relaxed its policy for cryptocurrency advertisements, making it easier for companies to run crypto ads on its platform. \u201cWe\u2019re doing this because the cryptocurrency landscape has continued to mature and stabilize in recent years and has seen more government regulations that are setting clearer rules for their industry,\u201d the company explained.<\/strong><\/p>\n

Meta\u2019s New Rules for Cryptocurrency Advertising<\/h2>\n

Meta, formerly known as Facebook, announced Wednesday new rules for cryptocurrency advertising.<\/p>\n

Instead of \u201cusing a variety of signals to confirm eligibility\u201d for advertising on its platform, the company has increased the number of regulatory licenses it accepts from three to 27. Now, businesses only need to have one of 27 licenses to be eligible to advertise on Facebook.<\/p>\n

\u201cWe\u2019re making it easier to run ads about cryptocurrency on our platform,\u201d Meta emphasized, adding:<\/p>\n

We\u2019re doing this because the cryptocurrency landscape has continued to mature and stabilize in recent years and has seen more government regulations that are setting clearer rules for their industry.<\/p>\n

The 27 licenses include those issued by regulators in the U.S., Australia, Austria, Canada, Estonia, Finland, France, Germany, Hong Kong, Indonesia, Japan, Luxembourg, Malaysia, Netherlands, Norway, Philippines, Singapore, South Korea, Sweden, Thailand, United Arab Emirates, and the U.K.<\/p>\n

In some jurisdictions, more than one license type is accepted. For example, in the U.S., businesses only need to be registered with the Financial Crimes Enforcement Network (FinCEN) as a money service business or have obtained a Bitlicense issued by the New York Department of Financial Services.<\/p>\n

Noting that the change does not impact previously approved advertisers, the social media giant detailed:<\/p>\n

This change will help make our policy more equitable and transparent and allow for a greater number of advertisers, including small businesses, to use our tools and grow their business.<\/p>\n

Meta clarified that prior written permission is still required for crypto platforms, software apps, and products for exchanging, trading, lending, and borrowing. \u201cCryptocurrency wallets that also allow people to buy, sell, swap or stake their cryptocurrency tokens\u201d and \u201cHardware and software for cryptocurrency mining\u201d are also included.<\/p>\n

The ad change announcement came one day after Meta\u2019s executive David Marcus said he is stepping down and leaving the company at the end of the year. Marcus leads Facebook\u2019s crypto efforts, including a crypto wallet and the digital currency diem, formerly libra.<\/p>\n

What do you think about Meta relaxing Facebook\u2019s rules for crypto advertising? Let us know in the comments section below.<\/strong><\/em><\/p>\n

Bitcoin News
\nFeatured, cryptocurrency exchanges, Facebook, facebook bans crypto ads, facebook crypto ad policy, facebook crypto ads, Meta, meta crypto ad policy, meta crypto ads, Trading Platforms, Wallet<\/p>\n","protected":false},"excerpt":{"rendered":"

Meta, formerly Facebook, has relaxed its policy for cryptocurrency advertisements, making it easier for companies to run crypto ads on its platform. \u201cWe\u2019re doing this because the cryptocurrency landscape has continued to mature and stabilize in recent years and has seen more government regulations that are setting clearer rules for their industry,\u201d the company explained.…<\/p>\n","protected":false},"author":0,"featured_media":14930,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53,3],"tags":[],"class_list":["post-14929","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","category-coin-news"],"_links":{"self":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/14929"}],"collection":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/comments?post=14929"}],"version-history":[{"count":0,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/14929\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media\/14930"}],"wp:attachment":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media?parent=14929"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/categories?post=14929"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/tags?post=14929"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}