Microsoft Bars Crypto Mining On All Online Platforms

Cryptocurrency Price Today: Bitcoin, Ethereum Fail To Gain Steam; Toncoin Becomes Top Gainer

Microsoft has banned cryptocurrency mining from its online services to protect all of its cloud customers, media reports said.

Microsoft’s Summary of Changes to the license states: “Updated Acceptable Use Policy to clarify that mining cryptocurrency is prohibited without prior Microsoft approval.”

Within the license itself, there was hardly any more info, reports The Register.

Moreover, a section headed “Acceptable Use Policy” states: “Neither Customer nor those that access an Online Service through Customer, may use an Online Service: to mine cryptocurrency without Microsoft’s prior written approval.”

“Cryptocurrency mining can disrupt or even impair Online Services and its users, and is often associated with unauthorised access to and use of customer accounts,” Microsoft told The Register.

“We made this change to further protect our customers and mitigate the risk of disrupting or impairing services in the Microsoft Cloud,” Microsoft was quoted as saying.

“Permission to mine crypto may be considered for Testing and Research for security detections,” it added.

Last year, Microsoft warned customers about a new crypto mining malware that can steal credentials, remove security controls, spread via emails and ultimately drop more tools for human-operated activity.

Called ‘LemonDuck’, the crypto mining malware targeted Windows and Linux systems, spreading via phishing emails, exploits, USB devices and brute force attacks in various countries, including India.

(This report has been published as part of the auto-generated syndicate wire feed. Apart from the headline, no editing has been done in the copy by ABP Live.)

Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Cryptocurrency is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Cryptocurrency market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.

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