"We've created a new policy that prohibits ads that promote financial products and services that are frequently associated with misleading or deceptive promotional practices, such as binary options, initial coin offerings and cryptocurrency," Facebook's product management director, Rob Leathern, said.

The new policy will be implemented across its platforms, including Facebook, Audience Network and Instagram, the company said. http://bit.ly/2FuwawS

(Reporting by Munsif Vengattil in Bengaluru; Editing by Anil D'Silva)