Netflix Has Banned Cryptocurrency Advertisements

The world's leading video streaming platform Netflix has decided to ban ads for cryptocurrency and gambling on its low-cost subscriptions. This subscription plan will be launched by the end of this year. This will help Netflix compete with Disney+.

According to a media report, the price of this streaming service Netflix will be only $ 7 and it will be launched in the US and some other countries from the beginning of November. Netflix tie-up with Microsoft to develop support for ads. Netflix has earlier avoided launching cheap plans with ads. The firm has changed its strategy after losing over one million subscribers in the second quarter. The first quarter of this year saw a drop in subscribers for the first time in nearly a decade. Netflix is ​​facing tough competition from HBO Max and Disney+. Another major competitor, Paramount, has started advertising subscription plans. Earlier, TikTok influencers have also been banned for promoting cryptocurrencies.

Facebook also banned crypto-related ads a few years ago, but it was later removed. 19 celebrities including Justin Bieber, Eminem and Paris Hilton are facing protests for promoting non-fungible token (NFT) projects belonging to the crypto segment. Letters have been written to these celebrities on behalf of TINA, a non-profit organization working for safe advertising.

The streaming service will have very strict rules about what they will allow as ads on their platform. They will not allow any products aimed at children, as well as medical or pharmaceutical advertisements, on the platforms. This means that users who choose this subscription plan will have a clean experience with no intrusive or misleading ads. After all, Netflix must maintain a positive user experience while displaying advertisements to users. The ad-supported plan is expected to cost $7 per month.