Facebook eases ban on cryptocurrency ads
San Francisco, June 27 : Facebook said on Tuesday that it is taking steps to ease a January policy banning financial products and services associated with cryptocurrency.
Rob Leathern, Product Management Director at Facebook, said in an official blog post that the world's largest social media network has "looked at the best way to refine this policy -- to allow some ads while also working to ensure that they're safe."
Facebook announced a broad policy in January this year which prohibited "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".
The policy, which even stopped legitimate businesses from buying advertisements, aimed to better detect what Facebook called deceptive promotional practices by many companies advertised binary options and cryptocurrencies without good faith, Xinhua reported.
Leathern announced that starting June 26, Facebook will be updating its "policy to allow ads that promote cryptocurrency and related content from pre-approved advertisers".
But the company will continue to block any ads that promote binary options and initial coin offerings, he said.
Advertisers are required to submit an application to Facebook before hand if they want to run ads for cryptocurrency products and services, so that Facebook can assess their eligibility, including any licenses they have obtained, whether they are traded on a public stock exchange, and other relevant public background on their business.
Under these restrictions, not everyone who wants to advertise will be able to do so, Facebook said.
"But we'll listen to feedback, look at how well this policy works and continue to study this technology so that, if necessary, we can revise it over time," Leathern wrote.
Last month, Facebook established a new experimental blockchain group dedicated to the technology that powers cryptocurrencies like bitcoin.
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Delhi court acquits husband, in-laws in dowry death case
New Delhi (PTI): A Delhi court has acquitted a man and his parents in a dowry death case, saying the prosecution failed to establish allegations of cruelty or dowry harassment against them.
Additional Sessions Judge Deepak Wason acquitted Kartik Sharma, his father Ravi Dutt Sharma, and his mother Veena Sharma in the case of Shivali Sharma, who died by suicide in March 2023.
The accused were facing trial under Sections 498A (cruelty by husband or relatives) and 304B (dowry death) of the IPC.
In the April 1 order, the court said, “There is nothing on record to establish the culpability of the accused persons in the commission of the offences charged against them. The prosecution has failed to prove the charge beyond a reasonable doubt.”
It held that while the death was unnatural and occurred within seven years of marriage, the key elements of dowry death, particularly proof of harassment connected to dowry demands, remained unproven.
According to the prosecution, the deceased's family alleged she was subjected to harassment and repeated dowry demands, including cash and a vehicle, which allegedly drove her to commit suicide.
The police registered the FIR after her parents made statements before an executive magistrate.
However, during the trial, key prosecution witnesses, including the deceased's mother, father, brother, uncle and grandmother, did not support the allegations in the court.
They consistently stated that Shivali was living a "peaceful and happy" married life and denied any dowry demand or harassment by the accused.
The witnesses further attributed her death to depression caused by her child's serious medical condition.
The court noted that the testimonies of close relatives, considered the most material witnesses, revealed no evidence of cruelty or dowry-related harassment “soon before her death,” a crucial requirement to establish an offence under Section 304B IPC.
The court observed that the medical evidence confirmed death due to asphyxia caused by hanging.
Giving the benefit of the doubt, the court said this alone was insufficient to implicate the accused without corroborative evidence of cruelty.
