Microsoft’s Bing Browser Reveals 5 Million Banned Crypto Ads Count in 2018

written by

Microsoft's Bing Browser Reveals 5 Million Banned Crypto Ads Count in 2018

Support free journalists: > send a tip

Microsoft’s browser Bing has revealed that it blocked over 5 million cryptocurrency-related ads during 2018 after its announcement last year that it was to start banning such advertising on its network.

The numbers were announced in Microsoft’s “Ad quality year in review 2018” published on 25 March, citing cryptocurrency as a “prime target for fraudsters and scam artists to defraud end-users”, despite the proven millions of legitimate users of cryptocurrency around the globe. The company’s official stance was clarified in an official post:

“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.”

It appears that despite the bans on crypto related advertising announced in tandem by the likes of major social media sites and companies such as Facebook and Google in January and March of last year, both Twitter CEO Jack Dorsey and Facebook’s Mark Zuckerberg appear to have a conflicting stance on cryptocurrencies, with rumors afoot that Facebook is looking at developing its own cryptocurrency.

The as yet unconfirmed move by Facebook to develop a cryptocurrency for global payments has been cited by multinational banking group Barclays as a USD 19 billion opportunity for the social networking giant. The company’s WhatsApp-driven crypto global payments system reported by The New York Times has still received no comments from Facebook but Barclays is already speculating on where this move, if it happens, could take the company’s profits by 2021.

Dorsey recently revealed his fascination for Bitcoin after studying its “beautiful” white paper. He iterated that Bitcoin and blockchain is the future of world economics and will bring in a new technological revolution.

 

Follow BitcoinNews.com on Twitter: @bitcoinnewscom

Telegram Alerts from BitcoinNews.com: https://t.me/bconews

Want to advertise or get published on BitcoinNews.com? – View our Media Kit PDF here.

Image Courtesy: bitcoinnews.com

Help spread this article :)

BitcoinNews.com is NOT INVESTMENT ADVICE

Opinions expressed are entirely their own and do not necessarily reflect those of BitcoinNews.com

For informational purposes only. Individuals and entities should not construe any information on this site as investment, financial, legal, tax, accounting or other advice. Information provided does not constitute a recommendation or endorsement by BitcoinNews.com to buy or sell bitcoin, cryptocurrencies or other financial instruments. Forecasts are inherently limited and cannot be relied upon. Do your own research and consult a professional advisor. The opinion of authors do not reflect those of BitcoinNews.com 

   Advertisement

Latest on Bitcoin News

   Advertisement

This Month on Bitcoin News

Press Releases

Bitcoin News Archive

   Advertisement