Facebook Duality Again!? Facebook cuts ban on cryptocurrency ads and Amazon battles fraudsters

Facebook cuts ban on cryptocurrency ads and Amazon battles fraudsters, according to Tech Report.

Until now, the ads that had keywords like cryptocurrency or blockchain coins, were automatically banned by the ad AI. It was that strict that even that you were writing a blog about them, the Facebook Ads would ban your website all together from being promoted on their platforms.

This was actually not a safety check as it looks, it was a business decision as they were looking into launching their own cryptocurrency and didn’t want competition to increase market share. Cheeky, isn’t it?

“Facebook on Wednesday said it is loosening its ban on ads related to blockchain and cryptocurrency technologies.

The change in policy comes amid reports that Facebook is ramping up efforts to build its own cryptocurrency.” – Tech Report

Regarding Amazon, the company said it was hit by extensive fraud, revealing that unidentified hackers were able to siphon funds from merchants over the last year. Amazon believes it was the victim of serious hack attack. 

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