Facebook Removes Bitcoin Ad Ban Across It's Platforms
Meta has announced the reverse of the cryptocurrency ad ban which will allow crypto offerings to be advertised to over 3 billion people.
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Meta has announced the reverse of the cryptocurrency ad ban which will allow crypto offerings to be advertised to over 3 billion people.
The issue is sure to take on new urgency with the reinstatement of international travel restrictions in a race to stem the spread of the Omicron variant of the virus.
Marcus had been overseeing Facebook's efforts to develop a digital currency known as Diem and a wallet app called Novi, and his departure adds to challenges for the fintech unit.
The former PayPal president was hired to bring an entrepreneurial spirit to the social network, and he helmed major projects such as the Diem stablecoin. His exit raises questions about the direction of the businesses he oversaw.
Facebook’s Crypto Lead Is Stepping Down: David Marcus, head of Novi and Diem board member, has announced his resignation.