Facebook Inc. banned ads tied to cryptocurrencies, initial coin offerings and binary options last month, saying they were associated with misleading and deceptive practices. The company has been working to clean up its advertising system, after several reports by ProPublica showed that racist and discriminatory ads could make their way through.
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The Standing Committee was interested, even fascinated by the cryptocurrency landscape. They had questions and concerns especially about the use of cryptocurrencies for crime and terrorism. In the end, they were excited about the possibilities of cryptocurrencies but are still cautious.
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