The relationship between Google and cryptocurrency has for long been complicated, but previously, it has just taken a more negative path. The biggest search engine, Google, previously restricted Bitcoin and cryptocurrency Ads, resulting in a reduction of Bitcoin value, before deciding to enable them once more last year on September after blocking them for three months. Currently, in what is being called a “crypto purge”, Google has decided to extract hundreds of cryptocurrency and Bitcoin videos from YouTube, this has left individuals making Bitcoin and cryptocurrency connected videos feeling unjustly targeted.
YouTube’s latest comments said that the move to restrict Bitcoin and cryptocurrency videos from its web page was a mistake and the extracted videos will be reinstated. A YouTube spokesperson highlighted to Decrypt news site that they sometimes makes wrong decisions because of the massive volume of videos on their website. The spokesman also added that quick actions are taken to adjust those mistakes and reinstate the videos. The crypto-purge on YouTube seems to only focus on smaller publishers and channels with crypto-connected videos such as crypto and Bitcoin news outlet and CoinTelegraph with U.S. business news publisher CNBC dodging the cull.
Chris Dunn, a YouTuber with some 210,000 subscribers on the platform, requested an explanation from YouTube through Twitter. He stated that YouTube had extracted almost all of his crypto videos on grounds that they were ‘dangerous or harmful content’ and marketing of regulated goods. Dunn added that he had been creating videos on the platform for over ten years and gained seven million views and above 200,000 subscribers.
The amount of videos forecasted by Google’s YouTube is into the hundreds and is rapidly expanding. Some individuals originating from the Bitcoin and cryptocurrency industry have decided to fight the decision vigorously. According to Ran NeuNer, a host of CNBC’s CryptoTrader show, the deletion of every content related to Crypto is a significant blow to the industry. He stated that YouTube is always the place to go for educational videos. He also encouraged the community to challenge this formally. Other people are researching on the reason for the justification, concluding that the findings of YouTube’s “dangerous and harmful content” view as unsatisfactory.
Google’s parent company, Alphabet, so far hasn’t made any attempts to discuss the reason behind the culling, according to a note written by Mati Greenspan, the Quantum Economics founder.
The possibility that Google was trying to secure consumers from scams was the first instinct people had. However, this would not make sense because Facebook and Google have previously had a crypto marketing restriction last year that was reversed. This was likely because of the regulatory clarity in the U.S. where it was concluded that both Ethereum and Bitcoin are not scams nor securities.
