First Facebook and Google, Now Bing Moves to Ban Cryptocurrency Advertising

Bing Prohibits Cryptocurrency Advertising

A full statement on the ban is available on Microsoft's Bing Ads blog, where it is explained that cryptocurrency and related products are not regulated and "risky".

San Francisco: After Facebook and Google, Microsoft's Bing is bang on cryptocurrencies.

Facebook's advertising policies are internationally broad, and state that the company can not promote any sort of "misleading" or "deceptive promotional practices".

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. These changes will be implemented on Bing's financial products and service policy.

"We keep on evaluating our policies to ensure safety and a good engagement among our Bing users and the digital advertising ecosystem".

Bing Prohibits Cryptocurrency Advertising
Bing becomes latest to ban cryptocurrency ads

Cryptocurrency advertising has undoubtedly seen better days than those in the first quarter of 2018. Roughly two months later, Google announced a similar ban on all digital currencies and "speculative financial products". She said they made the decision to discontinue cryptocurrency advertising to protect their users from such risk.

Bing's official stance is similar to other companies that have Banned Crypto Ads. Unless the cryptocurrency sector is well regulated to protect the interest of everyone, then more social media platforms will also ban such ads.

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

Last week, there were numerous reports of a possible cryptocurrency launch by Facebook. Though the companies have banned ads, CEO of both Facebook and Twitter embrace Crypto.

Microsoft's Bing browser has banned crypto-advertising.

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