Bing's crypto ads ban affects cryptocurrency prices

Posted 16 May, 2018

Bitcoin and other cryptocurrencies have softened in the middle of the week after Microsoft search service Bing announced its plans to ban crypto advertisements. Earlier, such move had been made by Google and Facebook.

The leading digital coin was priced on the Bitfinex at $8,211, while Ethereum on this platform changed hands at $687.20. 

A decline was also recorded on the Poloniex – Ripple price decreased to 0.67809. 
Quotes of Litecoin dropped to $136.12 (some 7% down).

According to the news reports, Bing will not show advertisements of cryptocurrencies, related products, and unregulated binary options. The company intends to ban ads worldwide during the summer months.
“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,” commented Bing's spokesperson. 

As it was reported earlier, the leading social network Facebook took similar steps this January, citing that advertisements of financial products and services misinform users or are fakes, like ICO, cryptos. After that, Google followed the trend and deleted all applications with mining scripts in Google Play market.

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