Popular video service provider Netflix has announced that it will not include crypto money promotions and a few other titles in its advertising membership package, which will be implemented soon.
After the increase in rival video service provider platforms recently, Netflix started to lose its monopoly position in the market. Parallel to this, the popular platform, which has reduced revenue sources and lost customers, to attract more users It plans to launch a cheaper package that includes ads.
While this advertising subscription option was initially planned to be released in 2023, on December 8, it started its own advertising-based subscription. Disney+ announced that it will launch its subscription campaign with advertising content, which is cheaper to compete with the company, in November.
From Australia’s local newspapers Sydney Morning HeraldNetflix has announced its filtering decisions on ad content. It seems that in this ad package cryptocurrencies Promotions will not be allowed. However, this restriction is not limited to cryptocurrency ads; politics, gambling, trying to sell products to children and drug promotion It was also stated that restrictions on advertisements
It is not unexpected that cryptocurrency ads, eclipsed by regulatory pressures and risky investment advice, are banned by a risk-averse worldwide platform. social media giant MetaAlthough it later retracted its decision, it banned crypto ads on its platform in 2018. Google’s parent company AlphabetIt is known that , by removing the crypto-related advertising ban on its platform in 2021, it allows crypto money exchanges and wallets to be re-promoted in its search engine.