On Wednesday, Facebook made a U-turn on its long-standing policy against running crypto-related ads on its platform. This move sees the tech giant updating the number of regulatory licenses it accepts, from 3 to a whopping 27.
Facebook Publicizes Acceptable Licenses For The First Time
Meanwhile, for the first time ever, Facebook has now put up the list of acceptable licenses on its policy page. On the list, the tech giant groups crypto companies into two broad categories depending on whether or not they’d be needing a prewritten approval in order to be able to list ads.
Basically, this implies that exchange firms, mining-related companies, and trading platforms will all be needing prior approvals. Whereas, news and media outlets and education platforms that deal with crypto-related issues will not be needing any prior approval.
Before this recent move by Facebook, advertisers usually had to go through a tedious process of submitting several documents to prove their eligibility.
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