Microsoft has just joined other internet giants in announcing a ban on crypto-related ads on it’s Bing search Engine, to take effect July 2018.
According to an official blog post dated May 15th, the main reason for the company’s decision to ban “advertising for cryptocurrency” and “cryptocurrency related products” is the current unregulated status of cryptocurrencies, which allegedly increases the risk 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 blog post says that Bing Ads tool plans to fully implement the ban worldwide from June until early July of this year.
This ad ban is just the latest move in a search engine and social media crypto-boycott, initiated by Facebook in late January of this year. Google announced an analogous crypto ad ban in mid-March, and Twitter affirmed its own ban soon after.
Last week, multiple mainstream media outlets reported that Facebook is “exploring” the launch of its own cryptocurrency while earlier April this year, the co-founder of LinkedIn said in an interview with CoinTelegraph that the recent crypto ad bans are, in his opinion, most likely “temporary” and due to the current absence of clear crypto market regulations.