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ARTICLE · 10 DECEMBER 2021

Facebook Relaxes Cryptocurrency Advertising Requirements

Frankfurt Kurnit Klein & Selz PC
Frankfurt Kurnit Klein & Selz PC
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Frankfurt Kurnit Klein & Selz PC

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In light of the fact that "the cryptocurrency landscape has continued to mature and stabilize in recent years and has seen more government regulations that are setting clearer rules for their industry," Meta...

United StatesMedia, Telecoms, IT, Entertainment

In light of the fact that "the cryptocurrency landscape has continued to mature and stabilize in recent years and has seen more government regulations that are setting clearer rules for their industry," Meta (formerly known as Facebook) announced that it is relaxing its cryptocurrency advertising policies.  

Effective December 1, 2021, Meta updated its eligibility criteria for running ads about cyptocurrency on Facebook by expanding the number of regulatory licenses it accepts from three to 27.  Now, in order run cryptocurrency advertising on Facebook, advertisers will simply be required to show that they have one of these licenses.  Facebook said that this change, "will help make our policy more equitable and transparent and allow for a greater number of advertisers, including small businesses, to use our tools and grow their business." 

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This post first appeared in Frankfurt Kurnit's Focus on the Data blog (www.focusonthedata.com). It provides general coverage of its subject area. We provide it with the understanding that Frankfurt Kurnit Klein & Selz is not engaged herein in rendering legal advice, and shall not be liable for any damages resulting from any error, inaccuracy, or omission. Our attorneys practice law only in jurisdictions in which they are properly authorized to do so. We do not seek to represent clients in other jurisdictions.

Originally published by the New York Legal Ethics Reporter

www.fkks.com

This alert provides general coverage of its subject area. We provide it with the understanding that Frankfurt Kurnit Klein & Selz is not engaged herein in rendering legal advice, and shall not be liable for any damages resulting from any error, inaccuracy, or omission. Our attorneys practice law only in jurisdictions in which they are properly authorized to do so. We do not seek to represent clients in other jurisdictions.

www.fkks.com

This alert provides general coverage of its subject area. We provide it with the understanding that Frankfurt Kurnit Klein & Selz is not engaged herein in rendering legal advice, and shall not be liable for any damages resulting from any error, inaccuracy, or omission. Our attorneys practice law only in jurisdictions in which they are properly authorized to do so. We do not seek to represent clients in other jurisdictions.

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