Microsoft said Bing Ads will implement this change globally in June, with enforcement rolling out in late June to early July. They have followed other social media companies like Google, Facebook, and Twitter which also banned crypto related Ads.
"We keep on evaluating our policies to ensure safety and a good engagement among our Bing users and the digital advertising ecosystem".
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.
The ban includes cryptocurrency advertising and advertising for cryptocurrency related products and Bing will be updating its financial products and services policy to include this new decision.
In addition, the company's ads are concentrating primarily on wordage to prevent potential investors from getting the wrong impression.
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Last week, there were numerous reports of a possible cryptocurrency launch by Facebook. "That said, there are many companies who are advertising binary options, ICOs, and cryptocurrencies that are not now operating in good faith".
The search engine of Microsoft, Bing, will no longer be displaying ads for the cryptocurrency space.
Digital currencies - together with related products and services - is among other legally questionable business opportunities on the ban list of Microsoft, such as pyramid schemes, Ponzi schemes, and investments that rely on adding users to a scheme.
Google further targeted initial coin offerings and startups that generated cash through ICOs, citing many ventures that have garnered funds through this method only to just walk away with the earnings.
Microsoft banned cryptocurrency advertisements because they increase the risk of scams. Post your comments below.