Microsoft bans cryptocurrency ads on Bing

James Marshall
May 17, 2018

"This decision will be implemented globally in June with our enforcement rolling out in late June and early July".

Bing Search Engine has banned crypto Ads according to the company's Advertiser Policy Manager Melissa Alsoszatai.

Microsoft search engine Bing is banning cryptocurrency ads.

On its website, Bing said the decision has been made to protect its users from the risks that come with cryptocurrency and unregulated products. "Since cryptocurrency unregulated, they pose an elevated risk to Bing users and the general internet users with the potential for bad actors to engage in bad behavior or even scam consumers".

Reportedly, the company already policed cryptocurrency ads to block those created to facilitate illicit activities, including money laundering and terrorist financing.

Bing Prohibits Cryptocurrency Advertising
Bing becomes latest to ban cryptocurrency ads

Bing's official stance is similar to other companies that have Banned Crypto Ads.

If history is any indicator, it should be noted that those bans are harder to execute than one might think.

It's also worth noting that Bing's ads policies have already prohibited displaying ads for cryptocurrencies which might be facilitating certain illegal purposes such as money laundering, promotion of fake currencies, tax evasion, and others of the kind.

Though Microsoft has banned Cryptocurrencies, they are constantly participating in multiple Blockchain Products. Though the companies have banned ads, CEO of both Facebook and Twitter embrace Crypto. These include Ponzi schemes, otherwise known as pyramid schemes. If anything, it would put additional pressure on scam projects, making it easier for users to identify reliable and trustworthy initiatives. In January, Facebook announced a ban on all advertising that promoted digital currencies, including initial coin offerings.

Images courtesy of Pixabay and Bitcoinist archives.

Other reports by Click Lancashire

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