Meta relaxes permission policy for encrypted Facebook ads

Social Media and Meta Universe Markets Meta has given businesses more freedom to market their digital assets by making them eligible for encrypted advertising on Facebook.

Meta announced on Wednesday that it will accept authorized advertiser licenses from us at 27. This means the company has received multiple requests to run encrypted ads. These changes come in Article 10 of Facebook's new policy, titled “Cryptocurrency Products and Services”.

Prior to the update, only a few crypto companies could post to Facebook, as the platform only recognized a small number of licensed patents. Under the new rules, the following products and services may be allowed to post on Facebook:

Cryptocurrency exchanges on thiab trading platforms

Cryptocurrency loan service

cryptocurrency wallet

Cryptocurrency mining infrastructure

You can also promote products and services related to blockchain technology, cryptocurrency news, education, payments, and commodities without prior authorization. A spokesperson for Meta confirmed to Cointelegraph that the changes are still valid for the Instagram company.

Meta explains that the new policy addresses the growth of the cryptocurrency market and further oversight.

“Over the years, the cryptocurrency industry has become more mature and stable and has benefited from better government oversight, which has helped improve the accountability and reliability of the cryptocurrency market. this license.

Facebook changed its name to Meta in October to express its growing interest in social media. According to Cointelegraph, the company hopes to create a "meta-advantage" that connects digital relationships to the physical world.

"We are announcing a new name for Facebook, @Meta. Meta is working to create Metaverse, a 3D world we can have fun with and connect with. Welcome to the new chapter of the interview."

- Meta (@Meta) 28 novembre 2021

Concerns about "fraud" led Facebook to start banning cryptocurrency and ICO ads in January 2018. About six months later, the company lifted its publication ban, but kept a long list of restricted products and services.