After Facebook, Twitter and Google, Microsoft jumps in the bandwagon and bans cryptocurrency ads from Bing.
Microsoft is the latest tech giant to make a move against the promotion of cryptocurrency. In an official blog post, Melissa Alsoszatai-Petheo, Advertiser policy manager at Microsoft explains why.
“Because cryptocurrency and related products are not regulated, we have found them to present a possible elevated risk to our users.”
“To help protect our users from this risk, we have made the decision to disallow advertising for cryptocurrency, its related products, and un-regulated binary options,” she added.
Bing is the second most popular search engine after Google.
Facebook first made a move in in January, banning ads promoting cryptocurrencies, including Bitcoin and ICOs. The search giant Google announced their own ban in March with implementation starting in June.
Twitter also announced their ban on crypto, token sales and ICO advertisements on its platform.
According to the blog post, Microsoft’s ban will be implemented globally in June. Its enforcement set to roll out in late June and early July. The company claims that Bing has already rejected about 25 million ads in 2017 related to tech scams.
It will definitely be interesting to observe what direction these bans will go. Recently, rumours have been suggesting that Facebook is planning to launch its own cryptocurrency. If this indeed comes to light, that’s 2.9 billion possible users with access to a cryptocurrency. Do you think these bans will be lifted then?
Let us know!