San Francisco, Facebook has banned ads that promote initial coin offerings (ICOs), cryptocurrency like Bitcoin and binary options trading from its platforms, including Instagram, Audience Network and Messenger.The new policy prohibits ads that promote financial products and services that are frequently associated with misleading or deceptive promotional practices, Facebook said in a statement late on Tuesday. "We want people to continue to discover and learn about new products and services through Facebook ads without fear of scams or deception. "People can report any ad on Facebook by clicking on the upper right-hand corner of the ad," Facebook said. "Two of our core advertising principles outline our belief that ads should be safe, and that we build for people first. Misleading or deceptive ads have no place on Facebook," the company added.

Source: Economic Times January 31, 2018 04:07 UTC