Microsoft Bans Crypto Mining To Increase Trust Rates

Microsoft has quietly banned crypto mining from its online services
Crypto mining ban in Microsoft lessens cyber attacks and frauds
Microsoft banned mining to protect its customers and cloud

Cloud computing giant Microsoft is taking measures to increase stability of its cloud services by forcing new restrictions for activities like cryptocurrency mining.

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Microsoft has quietly banned crypto mining from its online services in order to better protect its customers and clouds, The Register reported on Dec. 15.

The company introduced the new restrictions as part of its universal license terms of Microsoft Online Services. Microsoft updated its acceptable use policy on Dec. 1 to clarify that mining cryptocurrency is prohibited without prior Microsoft approval.

In the Acceptable Use Policy section, Microsoft said that it now requires users to obtain a written pre-approval from the company in order to use any of Microsoft Online Services for crypto mining.

We suggest seeking written pre-approval from Microsoft before using Microsoft Online Services for mining cryptocurrencies, regardless of the term of a subscription.

Microsoft reportedly said that its latest crypto mining restrictions aim to protect online services from risks like cyber fraud, attacks and unauthorized access to customer resources.

We made this change to further protect our customers and mitigate the risk of disrupting or impairing services in the Microsoft Cloud.

In other news, Binance CEO Changpeng Zhao (CZ) went live on Twitter Spaces on December 14 to answer multiple questions regarding pressing issues today. During the ask-me-anything (AMA) session, he remarked “no amount of withdrawals” will put the exchange “under pressure.”

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José Gustavo

José is a crypto enthusiast who trades crypto night and day. He loves to share his trading stories and experiences in all his published articles. José likes to hang out and travel to meet new friends. Enjoys sushi, vodka, and tequila.