James Altucher has made himself the face of bitcoin.

Now Facebook has banned him, and everyone else who wants to advertise anything to do with bitcoin and and other cryptocurrencies.

Good idea, Altucher says.

"I think this is a very good move for Facebook," Altucher says via email, in response to questions from Recode. "There are many scams and illegitimate services out there."

That's the same sentiment Facebook expressed yesterday, when it announced its ban on all crypto ads. And Facebook reps made it clear that the ad ban included the ones Altucher had paid for, on Facebook and throughout the web, with come-ons like "crypto-genius reveals the next bitcoin."

More from Recode:

Altucher is a one-man self-help industry, who says he grossed $11 million in 2016, before the most recent crypto boom. He distributes free content on Facebook, podcasts and other outlets, and charges for subscriptions to services that offer stock picks and other financial advice.

Altucher is currently selling a "Crypto Trader" package that includes a "six-video crypto masterclass" and other services for $2,000.

I asked Altucher how much he spent marketing his crypto services, and what percent of his marketing spend went to Facebook, and what his plans are now. He didn't answer those questions, but did praise Facebook for "trying to clean up all of the garbage out there."

Here's the text of two emails Altucher sent in response to my queries: