Financial Institutions Start Using Stablecoins In 2020 Report

YouTube starts hiding after its assault on the cryptocurrencies related videos and the actions of the platform have provoked some of the content creators to hide their videos or to abandon cryptocurrencies subjects completely. There are others that are calling for a boycott of YouTube. As reported in previous cryptocurrency news, the American mega video platform that is owned by Google has been limiting cryptocurrencies related videos.

There are many users from around the globe that are alleging that one or more of their videos have been removed and that they have received strikes, while they are claiming that they did not breach the community guidelines or updated terms of service. Binance the cryptocurrencies exchange firm started a Twitter thread for sharing channels that suffered under the newest actions by YouTube and also Omar Bham (Crypto0) the known YouTuber shared a list of the affected channels.

Also, there is someone who believes that a multitude of channels are removed righteously because much of the content is a scam. The reasons for why this is happening are still debated and why there is no proper warning or explanation while there are many people that are suggesting that this is a result of a deliberate reporting on a mass scale. Bham writes that “It seems that a reason why YouTube would have to go after crypto channels is any links to external websites/exchanges in video descriptions.”

Some speculate that there might be a connection to Children’s Online Privacy Protection Act COPPA, while the General Counsel at Compound Finance wondered: “if there’s some other regulatory issue here (e.g., related to trading), or if YouTube is hitting false positives on appropriate content.” The founder of QuantumEconomics.io, Mati Greenspan is also commenting on the situation, finding it fairly odd but also methodical and declaring that he is boycotting YouTube. “My guess is that whatever they’ve done on the front end by removing videos, likely pales in comparison to the back-end updates to the algos and how people find crypto content on the platform,” he said.

There is also a big number of loud calls for establishing a new video platform as an alternative to YouTube, or for using a video platform that already exists. The CEO of Binance Changpenz Zhao writes: “It may be time the crypto community takes a stab at its own blockchain-enabled censorship-resistant social media platform.” Also, YouTube starts apologizing now saying that deleting the videos was a mistake.