Friday, 26 February, 2021


Microsoft Bing Joins Facebook and Google, Bans Digital Currency Ads

Microsoft Bing Joins Facebook and Google, Bans Digital Currency Ads Microsoft Bing Joins Facebook and Google, Bans Digital Currency Ads
Kristine Garrett | 17 May, 2018, 21:31

Bing is now hopping on the cryptocurrency ban bandwagon, joining Facebook and Google in not allowing any advertising for crypto-related products, as well as unregulated binary options. Microsoft now joins the ranks of several other companies that have done the same, including Facebook (NASDAQ:FB), Google (NASDAQ:GOOG) and Twitter (NYSE:TWTR). Bing Ads also disallows "ponzi schemes, pyramid schemes, or other legally questionable business opportunities, particularly if returns on investment rely exclusively on adding participants to the scheme or the consumer must pay a subscription fee or buy a specific product to join, and the value proposition of doing so is undefined", according to a post on the company's financial products and services policies page.

On its website, Bing said the decision has been made to protect its users from the risks that come with cryptocurrency and unregulated products.

The policy change will be implemented across the Bing Ads network starting in June, with full rollout expected in late June and early July. "We are always evaluating our policies to ensure a safe and engaging experience for our Bing users and the digital advertising ecosystem". Unless the cryptocurrency sector is well regulated to protect the interest of everyone, then more social media platforms will also ban such ads.

Microsoft Bing Joins Facebook and Google, Bans Digital Currency Ads

In another blow to cryptocurrency marketers, Bing Ads is banning ads promoting cryptocurrency sales, offerings and related products. We already saw quite a lot of companies finding easy ways to circumvent Facebook's ban. Company product management director Rob Leathern later commented, "We want people to continue to discover and learn about new products and services through Facebook ads without fear of scams or deception".

Though Microsoft has banned Cryptocurrencies, they are constantly participating in multiple Blockchain Products.

Microsoft's Bing browser has banned crypto-advertising.

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