The social network said Tuesday that it would ban all ads for Bitcoin and other cryptocurrencies, in order to stop promotions that it sees as “frequently associated with misleading or deceptive promotional practices.”Under Facebook’s new policy, no ads from well-known digital currency exchanges or for initial coin offerings will be allowed. The New York Times Explains...Facebook’s move followed questions about whether it has done enough to protect its site from bad actors. Newsletter Sign Up Continue reading the main story Interested in All Things Tech? View all New York Times newsletters. In a Facebook post this month, he wrote that he was studying how to introduce cryptocurrency to his company, adding that he thought it would “take power from centralized systems and put it back into people’s hands.”

Source: New York Times January 30, 2018 21:45 UTC