The social networking giant Meta, previously known as Facebook, announced on Wednesday that it would withdraw its policy of banning most cryptocurrencies from advertising on its social platforms.
In the statement, Meta stated that advertisers are now allowed to submit applications and need to provide the relevant licenses, regardless of whether they are trading on a public stock exchange or other related business disclosure backgrounds.
Meta disallowed the advertising of cryptocurrencies as early as January 2018. The policy started to be slightly relaxed in May 2019.
The acceptance of advertisements related to cryptocurrency has positive significance for the entire cryptocurrency industry, which …