RATE Group | The end of the Bitcoin, Ethereum and Cardano scams on YouTube?
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The end of the Bitcoin, Ethereum and Cardano scams on YouTube?

29 Apr The end of the Bitcoin, Ethereum and Cardano scams on YouTube?

Posted at 16:22h in Bitcoin News by

  • The streaming giant YouTube is expanding its fact-checking function in the United States to reduce crypto scams on the platform.
  • YouTube will expand its sources of authority to verify information on the platform.

YouTube has announced the expansion of its data verification function for the United States. In a blog post, the platform highlighted the importance of receiving verified and accurate information when major events take place. YouTube is using the extension of the COVID-19 pandemic as an example. When such events occur, false information can endanger the lives of many people.

In the crypto space, the platform has been criticized for “allowing and profiting” from scams that use false information to defraud users and steal their money in Bitcoin, Ethereum, Cardano and XRP. The expansion of the feature could help to defuse this situation. With this in mind, the fact checking and verification panel will be extended. Furthermore, YouTube will increase the requirements on the…

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