Social media giant Facebook is gradually softening its stance on its crypto ads ban, allowing advertisers to go about their business with less obstruction. In a published an announcement yesterday on its platform, the social media giant said it would no longer require written approval from promoters of blockchain technology and crypto businesses before they can advertise their products on its platform.
According to the new release, ads concerning industry news, as well as educative crypto materials, can now be displayed on Facebook without the need for any approval. It, however, specifies that the change doesn’t apply to entities that want to promote particular digital assets. Also, ads promoting ICOs are still banned as well.