Meta is backing away from its longstanding (if not absolute) ban on cryptocurrency ads. Engadget reports: As CNBC reports, Meta has greatly loosened its ban by expanding the number of regulatory licenses it accepts from three to 27. The crypto landscape has “matured and stabilized” enough to justify the change of heart, the company said, including an increased amount of government regulation that sets “clearer responsibilities and expectations.”
Advertisers still need written permission to run ads for cryptocurrency exchanges, lending and borrowing, crypto mining tools and wallets that let you buy, sell, stake or swap tokens. This does, however, open the door to cryptocurrency businesses that previously couldn’t run any ads, not to mention would-be investors who might not be familiar with the market. The report goes on to note that “the shift comes just a day after Meta’s crypto overseer, David Marcus, said he was leaving the company.”
Read more of this story at Slashdot.