The relation between Google and Bitcoin and cryptocurrencies has been complicated for a long time, but this youtube crypto ban seems to have just taken a turn for the worse.
Bitcoin and cryptocurrency ads were previously banned by the search giant, knocking the bitcoin price, before deciding to allow them back after a three-month block in September last year.
Now, Google has decided to remove hundreds of bitcoin and cryptocurrency videos from its YouTube video sharing site in what is dubbed a “crypto-purge “— leaving many who find the search giant unfairly targeted bitcoin and cryptocurrency-related content.
The YouTube ban crypto campaing or crypto-purge seems to hit only smaller sources and broadcasters, with crypto-related videos from CoinTelegraph and U.S. tech news agency CNBC surviving the cull.
Youtube ban crypto, what people is saying:
One YouTuber called Chris Dunn, who had some 210,000 subscribers on the channel, has been asking YouTube for a tweet clarifying the situation.
“YouTube has just removed most of my blockchain videos citing’ harmful or dangerous content’ and’ regulated goods sales”
Dunn wrote, adding that he has been making videos on the platform for 10 years, building up 200,000 subs and 7 million views.
Google’s YouTube ban crypto campaing, targeted number of videos is well into the hundreds and “growing fast.” Many in the blockchain and cryptocurrency community promised to dispute the decision.
“YouTube is in a massive blow to the industry removing all Crypto content,”
Said Ran NeuNer, host of the CryptoTrader show on CNBC Africa through Twitter.
“YouTube is the go – to-place for educational video and the first call for new people to join the network and learn the basics. They should officially question this as a group.”
Meanwhile, others were looking for a purge excuse, finding YouTube’s claim of “harmful and dangerous content” unsatisfactory.
“Alphabet (Google’s parent company) has so far made no attempt to justify the reasons for the assault,” Mati Greenspan, founder of the Quantum Economics research group, wrote in a note.
“The first instinct that many had was that they may be trying to protect the user from fraud. However, that wouldn’t make much sense considering that Google and Facebook already had a crypto advertisement ban last year that has long since been lifted, presumably because of legal transparency in the U.S. where it was discovered that Bitcoin and ethereum are neither securities nor scams.”
Greenspan said that because of the crypto-purge, he is now “officially boycotting YouTube.”
Where does this decision came from?
In recent years, Google, along with social media giant Facebook, has steadily searched for financial services to raise advertising revenue, with public opinion turning toward ad-funded business models.
Last month, Google, in collaboration with U.S. banking giant Citigroup, said it was planning to launch its own full-fledged “smart checking” bank accounts through Google Pay–piling pressure on Bitcoin developers to boost user experience and implement or suffer redundancy.
Nevertheless, this year’s bitcoin price has risen, largely due to interest in bitcoin and blockchain from the world’s largest technology companies – with others, including iPhone maker Apple’s and online retailer Amazon reaching out to traditional financial services.
Google’s decision to take action against YouTube’s content related to bitcoin and cryptocurrencies has caused some people to call for an alternative. Youtube ban crypto was taken seriously among the community.
It may be time the crypto community take a stab at its own blockchain-enabled censorship-resistant social media platform
Changpeng Zhao said, the founder and chief executive of Bitcoin and cryptocurrency exchange Binance through Twitter.