Facebook has updated its advertising policy, announcing in a blog Tuesday, January 30 that it prohibited "misleading or deceptive" advertising. practices, which, according to the social media platform, includes cryptocurrency announcements and initials coins (ICO).

The ad claims that there are many companies that use the Facebook platform to advertise financial products, such as binary options, cryptocurrencies and ICOs, but do it "[not operating] in good faith."

For this reason, the blog continues, Facebook will make "more difficult for crooks to enjoy" a presence on the social platform by banning all of these advertisements. The announcement also encourages users to help police by reporting content that violates the new rule.

"Two of our basic advertising principles underscore our belief that advertisements should be safe, and that we build for people first." Said Facebook.