The search engine Bing owned by Microsoft has announced a ban on cryptocurrency advertising.
On the timing of the ban on the official website of advertising Bing reported as follows: “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. 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”
Speaking about the fact that they are trying to protect their users and the digital advertising ecosystem, they explained the main reason for this decision: “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.”
Continuation of the war
Perhaps Bing scored the last nail on the ban on advertising cryptocurrency on the Internet. Recall that one after another already did Facebook, Google, Twitter, and even MailChimp began closing all accounts associated with the cryptocurrency.
In response to such unjust actions on the part of the Internet giants, the cryptocurrency communities from Russia, China, and South Korea set out to file a collective claim against these companies. The other day it was reported that Facebook plans to create its own cryptocurrency.
Do not worry, is temporary
Despite this many are convinced that such prohibitions will not last long and with regulation, the Internet giants will again get on with the cryptocurrency.
Eric Lee, one of the founders of LinkedIn expressed his opinion on this: “I do believe that this is a temporary period because, like many domains, advertising has an incentive to support as many domains as possible. So when regulatory clears itself up,
“I believe there will come a time again”
when advertising of this nature around token sales will be re-permitted on these platforms.”
So dear readers, the war continues. On this occasion, I wish all of us the patience to endure in it to the end. The cryptocurrency area is very attractive for large investors and therefore we will have time to get our piece of Lambo, or maybe its whole 🙂