Cryptocurrency

Is YouTube’s Crypto Purge Back?

Yesterday, YouTube banned a series of cryptocurrency-related educational videos in what many are referring to as a ‘Crypto Purge.

International blockchain speaker and educator, Ivan on Tech, tweeted that a live feed on his YouTube channel was removed for “harmful or dangerous content.”

The Ivan on Tech YouTube channel has around 215,000 subscribers and posts videos on cryptocurrency and blockchain technology.

Another crypto enthusiast and YouTuber, CryptoWendyO, experienced a similar problem: her live stream was deemed in violation of YouTube’s community guidelines and featuring harmful or dangerous content.

Both YouTubers have filed appeals but did not receive a reply from the video-sharing platform for several days.

These two incidents have sparked outrage from followers of the crypto channels, who argue that the world needs a decentralized content-sharing platform. They contend that there is a dire need for an alternate blockchain-based platform that is censorship-resistant and has options for monetizing content.

Crypto leaders Changpeng Zhao (CEO of Binance) and Vitalik Buterin (co-founder of Ethereum) welcomed this idea:

YouTube Intentionally Censored Crypto Channels

This is not the first time YouTube has been accused of censoring cryptocurrency-related content either.

In December 2019, YouTube mistakenly purged hundreds of cryptocurrency videos and channels from its platform. The deleted content had been uploaded by several channels, including ChrisDunnTV, CryptoTips, The Moon, and BTC Sessions.

YouTubers were understandably frustrated with their video purges. For instance, Chris Dunn, whose channel is aimed at investment education, tweeted:

Dunn had multiple videos on cryptocurrency-related content purged from his YouTube channel after they were flagged as “harmful or dangerous content” and “sale of regulated goods.”

Although Dunn appealed the move – he does not sell products on his channel or monetize his videos through advertisement – a significant number of videos deleted from his channel remained inaccessible.

Other YouTubers experienced the same problem: their videos were not reinstated for several days even after they appealed. In fact, many did not get any response to their appeals at all.

The December purge led to widespread speculation over why the YouTube videos were purged in the first place. Many content creators saw the removal as YouTube targeting crypto-related content because it contradicted the platform’s advertising interests.

YouTube Apologized, Promised Better Review Processes

As vloggers and publishers took to twitter to express their frustration, YouTube admitted that the crypto purge was an error.

A statement released by the platform acknowledged that it had made the wrong call citing massive volumes of content on the site as a reason for the mistake. A YouTube spokesperson further clarified that it had not made any changes to its policy regarding cryptocurrency content and that the purge was unintentional.

Additionally, YouTube promised users that moving forward, content disputes – including those pertaining to copyright – would be handled seamlessly and swiftly.

Nevertheless, with crypto-related content being purged from the platform again, many Bitcoin, crypto, and blockchain bloggers are wondering if YouTube has initiated another crypto purge.

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Mahima Duggal

Mahima Duggal has completed her MA in International Security from the University of Warwick (UK) with distinction. She also holds a BSc (2:1 Honours) in International Relations from the London School of Economics and Political Science (LSE). She is a trained journalist who has completed an undergraduate degree in journalism and public relations from the University of Newcastle in Australia. Mahima's research interests involve technology, cyber security, human rights and international development. She follows all things crypto and strongly promotes the use of blockchain technology for social change.
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