Why facebook ban cryptocurrencies ads

[Jsoliu004]

Facebook first started blocking ads promoting cryptocurrencies and initial coin offerings in January 2018 over concerns that users might be scammed by initial coin offerings offered by some crypto start ups. The company loosened its ban in June to allow ads from advertisers who received prior written approval

 

[greenie]

Facebook started banning ads when the internet was full of ICO scams. Probably they had many complaints from users about this and they decided to ban all crypto related ads because there is no way for them to verify if it is legit or not