In a statement made on Facebook, it is stated that crypto currencies are often linked to misleading or deceptive practices.
The Facebook spokesman told Business Insider that the new rule prohibits all ads related to crypto-currencies, not just keywords that try to sell crypto currencies or encryption tools. For this reason, advertisements for Bitcoin wallets, as well as ads for equipment such as Ethereum mining, were also banned.
Advertisers have bad intentions
Following the decision, Facebook manager Rob Leathern used the phrase "We want people to discover new products and services with Facebook ads and continue to learn them without fear of being deceived or deceived." Leathern has also noted that many companies that advertise crypto money are malicious