Bing Ads Latest Platform to Ban Cryptocurrency Advertising

17 May, 2018, 20:54 | Author: Darnell Taylor
  • Bing Ads Latest Platform to Ban Cryptocurrency Advertising

Cryptocurrency advertising will be absent from Bing by the end of July...

Joining Facebook and Google, the search engine of Microsoft - Bing, will no longer show ads for digital currencies, unregulated binary options, and related products.

Bing Ads, Microsoft's advertising service, is planning to ban cryptocurrency ads on its platform, citing the need to protect users from scams. To help protect our users from this risk, we have made the decision to disallow advertising for cryptocurrency, cryptocurrency related products, and un-regulated binary options.

Formerly Microsoft adCenter, Bing Ads is a service that provides pay-per-click advertising on both the Bing and Yahoo! search engines. Bing recently updated their Ads policy on May 14th in a blog post banning all Cryptocurrency ads.

The policy change will be implemented across the Bing Ads network starting in June, with full rollout expected in late June and early July.

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Bing's official stance is similar to other companies that have Banned Crypto Ads. Google itself has already banned these ads, and at the beginning of 2018, it announced a specific series of crypto-related prohibitions down to defining a contract for different products.

Though Microsoft has banned Cryptocurrencies, they are constantly participating in multiple Blockchain Products. These include Ponzi schemes, pyramid schemes, and investments in which it's necessary to add other participants.

Reportedly, the company already policed cryptocurrency ads to block those created to facilitate illicit activities, including money laundering and terrorist financing. If anything, it would put additional pressure on scam projects, making it easier for users to identify reliable and trustworthy initiatives.

Do you think Bing is making the right move to ban cryptocurrency-related advertising?

Images courtesy of Pixabay and Bitcoinist archives.

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