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Microsoft’s Bing Boasts About Blocking 5 Mln Cryptocurrency-Related Ads

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Mon, 03/25/2019 - 20:09
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Contents

In its recent report, Microsoft’s search engine Bing reveals that its technology managed to block over 5 mln cryptocurrency ads. Meanwhile, Google announced its decision to lift its crypto ad ban back in September.   

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No legitimacy

They point out that after Bitcoin and other major altcoins skyrocketed in price, they became a breeding ground for speculators and outright scammers. Due to the nascence of crypto, there wasn’t proper regulatory oversight to prevent their fraudulent activities. That’s why Bing decided to ban any crypto-related ads. As mentioned above, there have been more than 5 mln of them over the last year.

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1 percent

Notably, cryptocurrencies are among their key support areas along with tech support scams and weapons. Overall, the platform has managed to weed out a whopping 900 mln ads, which means that crypto-related ads represent only 1 percent of the total amount.

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Another switcheroo?  

Back in July, Google banned cryptocurrency advertising after Facebook made a similar decision. However, as reported by U.Today, Google eventually reversed its ban, but only for those exchanges that are fully compliant with regulations. One shouldn’t rule out that there might be another switcheroo on Bing’s side now that cryptocurrencies are gaining more legitimacy.

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.

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