Search Engine Bing to Ban Crypto-Related Ads Soon
Microsoft’s search engine Bing has announced that it will ban ads related to cryptocurrencies by July 2018. This announcement was made on its official post, on Tuesday, May 15.
According to the statement released by Bing, the reason behind this move to ban all cryptocurrency-related advertisements and crypto-related products is the current state of the unregulated crypto industry, which possesses potential risks for Bing’s users.
“Because cryptocurrency and related products are not regulated, we have found them to present a possible elevated risk to our users with the potential for bad actors to participate in predatory behaviors, or otherwise scam consumers.”
The report further added that Bing Ads tool will soon implement the ban worldwide in June, with enforcement rolling out somewhere between late June to early July.
Moreover, the Microsoft-powered search engine made it clear that it is no mood to risk its users’ privacy and safety. Melissa Alsoszatai-Petheo, Advertiser Policy Manager at Bing, added:
We are always evaluating our policies to ensure a safe and engaging experience for our Bing users and the digital advertising ecosystem.
Bing’s move to ban all crypto ads is the latest in a search engine and social media boycott of cryptocurrencies, initiated by social media giant Facebook a couple of months ago. Soon after, in mid-March, Google announced a similar crypto ad ban, and not much later, Twitter confirmed the same on its platform.
However, last week, mainstream news media outlet Cheddar reported that Facebook is exploring the creation of its very own virtual coin. It added that anyone aware of Facebook’s plans knows that the social media is ‘very serious’ about launching its own cryptocurrency.
Last month, the co-founder of LinkedIn told media that the crypto-boycott initiated by multiple social media giants is probably temporary, in his opinion, and is solely due to the current unregulated state of the crypto market.