Justin Sullivan/Getty ImagesFacebook CEO Mark Zuckerberg.- Facebook is banning all ads related to cryptocurrencies, from ICOs to bitcoin.
- The social network says the ban, which includes both Facebook and Instagram, is to crack down on scams.
- Cryptocurrencies are "frequently associated with misleading or deceptive practices," it said.
Cryptocurrencies are a Wild West of sorts - and Facebook has had enough.
The social network is banning all ads related to bitcoin, cryptocurrencies, and ICOs, it announced on Tuesday, as it attempts to crack down on scams and fraud .
The new rule "prohibits financial products and services that are frequently associated with misleading or deceptive promotional practices, such as binary options, initial coin offerings and cryptocurrency."
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