Microsoft’s Bing search engine today has announced that it is jumping into the anti-bitcoin bandwagon and has banned Cryptocurrency Ads. Since cryptocurrency and related products are not regulated, it sees them as a possible risk to Bing users with potential for bad actors, scam consumers.
It will be disallowing advertising for the cryptocurrency, related products, and un-regulated binary options. It will be implementing this change to financial product and services policy globally in June, and enforcement rolling out in late June to early July. With this announcement, Bing joins the league with Google, Twitter, and Facebook who have already banned Cryptocurrency Ads.
Commenting on the announcement, Bing said:
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. To help protect our users from this risk, we have made the decision to disallow advertising for cryptocurrency, cryptocurrency related products, and un-regulated binary options.