- For a long time, Facebook has been involved in the crypto discussion.
- Crypto advertising is perhaps at its highest point in history.
Google’s crypto ad policy seems to have evolved, favouring crypto platforms advertising on Google channels in the last few months. Facebook, renamed Meta, makes it simpler for crypto companies to promote on their social media channels.
For a long time, Facebook has been involved in the crypto discussion. CEO Mark Zuckerberg has long shown an intention in establishing something more than just a social networking platform.
However, thus far, most attempts have failed. U.S. lawmakers have expressed strong opposition to the company’s experimental wallet project, Novi, and its undisclosed crypto project Diem (a rename of the former Facebook token project, Libra). In 2019, Libra was initially offered for sale. The company’s inventor of the aforementioned trial program has informed them that he would be leaving to make matters worse.
Crypto Market Boom
Once upon a time, Meta asked crypto marketers to submit a lengthy application that contained information about their licenses and their public stock listings. Crypto exchanges and wallets will be allowed to advertise on the site if they have only one of a possible 27 regulatory licenses. It was announced in a blog post on the platform’s website at the beginning of December.
Meta said:
“We continue to enforce our policies and remove misleading and harmful ads that break our rules. People should report content that violates our Advertising Policies by selecting “report ad” in the upper right-hand corner of any advertisement.”
When compared to other forms of advertising. Crypto advertising is perhaps at its highest point in history. Major cryptocurrency exchanges have been establishing themselves on social media platforms and investing a lot of money, and social media platforms are becoming more receptive.
