According to a report by the “Sydney Morning Herald”, the American video-streaming giant, Netflix, has decided to ban ads for cryptocurrency and gambling on the lowest-cost subscription category that is supposed to be published later this year.

The report, which cited anonymous sources, says that Netflix plans to impose restrictions on policy and pharmaceuticals.

Netflix has previously announced the launch of the new subscription advertising system, which will be launched earlier than expected in order to compete with Disney +, which is also preparing to support ads.

The much-anticipated Netflix service will launch in Australia, Canada, the United States and Germany on November 1.

The cheapest level of the streaming service, “Netflix”, will cost $7, and a final decision has not yet been made.

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In July, Netflix announced that it had signed a partnership with tech giant Microsoft to develop its ad-supported level.

The deal is believed to have serious implications for the company’s future.

The broadcasting giant, which has so far launched a cheaper plan with ads, has revised its strategy as it lost more than 1 million subscribers in the second quarter.

In the first quarter of 2022, Netflix faced its first subscriber decline in nearly a decade.

The company is struggling to compete with leading competitors like HBO Max and Disney+.

Paramount, also one of Netflix’s main competitors, has already adopted a hybrid subscription with ads.

As a reminder, TikTok influencers were banned from promoting cryptocurrency in early July 2021.

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Meta (formerly Facebook) also banned crypto-related ads in January 2018, before reversing its stance.

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