Bing is a search engine which is a subsidiary of Microsoft. It has recently joined Google, Facebook, and Twitter in banning cryptocurrency-related ads from its platform. According to the firm, ads aren’t allowed to promote financial services. Moreover, products that are often associated with deceptive or misleading promotional practices, such as initial coin offering, binary options, or digital currencies.
The announcement published by Melissa Alsoszatai on banning cryptocurrency:
“To help protect our users from this risk, we have made the decision to disallow advertising for the 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 Ads policies of Microsoft’s Bing are banning cryptocurrencies that are aimed at facilitating illegal purposes. Example of such includes promotion of fake digital currencies, money laundering, and avoiding applicable taxes.
Earlier this year, Google, Facebook, MailChimp and Twitter all moved to ban crypto ads with varying degrees of success. , Google’s ban appears to have been largely successful, but both Facebook and Twitter found the hordes of cryptocurrency scammers to be much more intractable.