Facebook is Open to Cryptocurrency Ads

Facebook is Open to Cryptocurrency Ads

Facebook used only to release companies with three types of licenses, but now their number has increased to 27. However, it is worth noting that it is not among those issued by CNMV. The cryptocurrency view has extended to maturity and balance in recent years. Government regulations have also been created to set more precise rules for the industry.

Facebook has renewed its advertising policy. Specifically, the section about cryptocurrency services and products. The famous technology giant will now be more modest in restricting cryptocurrency ads. The world of technology is a time of great uncertainty now for reasons beyond your market. Without a stock of gaming graphics cards or consoles, gamers can not jump into the new generation.

In parallel, government regulations have completed more accurate rules for the industry. They argue that these changes will help make processes more transparent and equitable. It will also help small businesses, more advertisers, increase their audience and reach more potential customers.

It is worth noting that digital advertising currencies on Facebook will require the written permission that every company must request: including cryptocurrency exchanges, software applications, or platforms. Examples include futures, spot trading, or other trading instruments with cryptocurrency assets and software applications, media, or products that offer cryptocurrency loans to users. As well as cryptocurrency wallets that allow people to sell, buy or place their tokens. This includes software and hardware for cryptocurrency mining.

The CNMV License

CNMV has already shown its position on cryptocurrencies. In the winter of 2021, in a statement issued with the Bank of Spain, he warned about the high risk of this type of investment and described them as volatile. Out of the 87 companies that make up CNMV’s gray list, more than 50 are working with cryptocurrencies.

The list is not exhaustive and comes mainly from analysis and search exercises on social networks and the internet. Inclusion in the list does not imply any statement regarding the compliance or non-compliance of the possible activities of the relevant entities with the current regulations.

We wonder what the response will be to experts and analysts. This step will be quite profitable for both Facebook and crypto companies. It will be a great chance to popularize and develop this field. But, will it be safe? Let’s see.