Over the past month and a half, two major advertising kingpins have announced that they would stop allowing cryptocurrency and initial coin offering (ICO) ads over their platforms. (An ICO is very much like an initial public offering for common stock, except it's for digital tokens.)
At the end of January, the largest social media network in the world announced that it would be banning all cryptocurrency and ICO ads. In the announcement, Facebook (NASDAQ:FB) product management director Rob Leathern said, "We've created a new policy that prohibits ads that promote 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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