Rob Leathern made a publication regarding the inclusion of a new advertising policy in its social network "Facebook" where the promotion of financial products and services has been prohibited in its web portal, among which the Initial Offers of Coins and the cryptocurrencies stand out .
This policy will begin to apply on their Facebook, Audience Network and Instagram platforms. Initial Offers of Coins "ICO, for its acronym in English" and cryptocurrencies make specific mention of binary options!
Ads should not promote financial products and services that are associated with misleading or erroneous promotional practices such as binary options, initial offers of currencies or cryptocurrencies.
This announcement was published by the Facebook web portal for companies with a direct redirection to the new advertising policy that seems to take effect immediately.
Prohibited Financial Products and Services
For example 4 quite illustrative elements:
-"Start trading with binary options now and receive 10 risk-free bonds"
-"Click here to learn more about our risk-free cryptocurrency, which allows instant payments to anyone in the world"
-"New ICO buy token with a 15% discount NOW"
-"Use your retirement funds to acquire bitcoin"
In the end they close the message explaining that "they may not be able to detect all the ads that should be removed following this new policy" and ask for the support of their community to report any content that violates their advertising policies. With this they seek to make it more difficult for scammers to obtain numerous profits from a presence on Facebook.
The cryptocurrency ecosystem is not regulated in most countries. And as there is a great facility to move large funds without many inconveniences, it has become very attractive for any type of scams using ICO. Several government institutions have issued alerts about deceptive offers with cryptoactive assumptions. Even, little by little they have been taking measures against fraudulent ICO and pyramid schemes of alleged cryptocurrencies such as Bitconnect and OneCoin, in various parts of the globe.