First Facebook, Then Google, Twitter and LinkedIn, Now Microsoft’s Bing Will Ban All Cryptocurrency Ads
In the digital market space, the fluctuating graph of the valuation of Bitcoins indicates its unpredictable and volatile nature. Since the beginning of 2018, the Bitcoin value has been unstable. This instability of bitcoins has led to greater amount of money losses by investing in ICOs than any other risks.
This has eventually led Microsoft to impose bans on the ads of cryptocurrencies, as reported by sources.
“We are always evaluating our policies to ensure a safe and engaging experience for our Bing users and the digital advertising ecosystem. Because cryptocurrency and related products are not regulated, we have found them to present a possible elevated risk to our users with the potential for bad actors to participate in predatory behaviors, or otherwise scam consumers.
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. Bing Ads will implement this change to our financial product and services policy globally in June, with enforcement rolling out in late June to early July.”
The change will come into effect globally in June, with enforcement rolling out in late June to early July. Advertisers can find more information at Bing’s policy site here.