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Microsoft bans crypto mining on cloud services

20 decembrie 2022

Microsoft has prohibited cryptocurrency mining on its Azure cloud services, modifying the Universal License Terms for Online Services that the company had issued at the beginning of December, according to The Paypers.

Customers of Microsoft’s Azure cloud platform will be required to obtain authorization from Microsoft before mining cryptocurrencies using the platform’s services. The organization asserts that the approach will shield users from the hazards and pursuits associated with the sector.

The corporation was not forthcoming about its new stance against cryptocurrency mining. Customers were informed through a revised use policy, as well as the Summary of Changes page and a paper distributed to the company’s partners.

Microsoft pushed the measure to protect its cloud ecosystem. The business asserts that cryptocurrency mining has the potential to disrupt or impair its Online Services. In addition, the organization believes that cryptocurrency users, if allowed to mine crypto unsupervised, may frequently be linked to cyber fraud and abuse attacks.

Google, Amazon, Digital Ocean, and OVH have also implemented policies that prevent users from using their cloud services to mine cryptocurrencies in some form. As Microsoft says, for the sake of Testing and Research about security detections, permission to mine cryptocurrency may be considered.

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Anders Olofsson – former Head of Payments Finastra

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In 23 septembrie 2019, BNR a anuntat infiintarea unui Fintech Innovation Hub pentru a sustine inovatia in domeniul serviciilor financiare si de plata. In acest sens, care credeti ca ar trebui sa fie urmatorul pas al bancii centrale?