YouTube Introduces New Fact-Checking System – Will It Stop Bitcoin, Ethereum and XRP Sca…

The world’s largest video-sharing platform is introducing a new system to help viewers in the US determine whether certain videos contain misleading information.

In a blog post published on Tuesday, YouTube says it will launch its fact-checking information panels in the US following a roll-out in Brazil and India. While the fact-checking feature is primarily a response to Covid-19 misinformation and a number of conspiracy theories that have gone viral, YouTube has also been accused of ignoring Bitcoin, Ethereum and XRP scams on the platform, which have fleeced investors and continue to raise concern among regulators, policymakers and industry insiders who are trying to protect consumers and expand the industry.

YouTube’s new fact-checking feature will use “information panels” to verify news articles in a fast-moving cycle by connecting people with over a dozen authoritative sources. The feature will tap over a dozen US…