Facebook Retreats From Cryptocurrency Ad Ban

Meta has reversed its policy, now allowing most cryptocurrency companies to advertise on its platforms if they possess one of 27 eligible regulatory licenses. Previously, advertisers had to submit detailed applications. This change follows Meta's unsuccessful attempt to launch its own cryptocurrency. Additionally, David Marcus, head of Facebook's crypto efforts, announced his departure from the company.

What was required from marketers to advertise cryptocurrency before the policy change?

• A simple application form

• Proof of social media presence

• A letter of recommendation

• Detailed applications including licenses and stock exchange information

What is the new requirement for cryptocurrency ads under the revised policy?

• Submitting a video advertisement

• Being a publicly traded company

• Possessing one of 27 eligible regulatory licenses

• Having a minimum of 10,000 followers

What was the company's previous attempt related to cryptocurrency?

• Launching a cryptocurrency for global transactions

• Creating a cryptocurrency exchange

• Developing a crypto mining operation

• Building a blockchain-based social network

What is the new name of the company that reversed its cryptocurrency ad policy?

• Alphabet

• Meta

• Tesla

• Amazon

Who announced their departure from the company at the end of the year?

• Elon Musk

• Sundar Pichai

• Mark Zuckerberg

• David Marcus