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Facebook bans cryptocurrency ads because they’re mostly scams


After promising to fix its news feed by implementing sweeping changes, Facebook is taking another big step towards cleaning up its act: it’s banning ads promoting cryptocurrencies and initial coin offerings (ICOs) because they’re they’re usually BS. To be clear, Facebook says that these financial products and services are “frequently associated with misleading or deceptive promotional practices,” and has a few choice examples to explain what sort of ads will disappear from its feed, which you can see below: The move follows Facebook’s announcements about its decisions to cut back on posts from publishers and Pages you’ve subscribed to, in…

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