Tik Tok, a social media platform, appears to have revised its rules and restrictions. As a result, several crypto and blockchain-related films are being removed, despite the fact that their creators claim they have done nothing wrong.
Tik Tok has stated that it will not accept any videos that promote illegal activity or regulated items. The fundamental irony is that bitcoin and cryptocurrency are not fully regulated anywhere in the globe. As a result, how could any type of cryptocurrency video be derived from regulated source material? This is a problem that we are seeing all throughout the world, from the United States to other countries. As the crypto sector expands, many regulators are wondering how they can possibly manage or rule it in some way. The problem is that many regulators don’t know how because they don’t know enough about the space.
Lucas Dimos has already had many recordings removed from his YouTube channel in the last few months. He fears that if this happens again, he will be permanently banned from Tik Tok, which irritates him much given that he has over 300,000 followers at the time of writing. He stated in an interview: “ It’s left my account on such a razor’s edge. We’re dying out here. We’re floundering. We’ve tried to build a community and guide this whole movement in the right direction… It was almost like a knee-jerk reaction from Tik Tok against all these scams that were going on. While they may have blocked the scam posts, all of us creators are unable to post any of our content.”
Like many other blockchain and cryptocurrency posters on Tik Tok, they claim to be simply attempting to educate people about the benefits of the arena and how they may potentially earn more riches or keep their cash secure during times of economic crisis. After all, over the last year and a half, bitcoin has evolved into something of a hedge tool. Unfortunately, the social media platform does not perceive things in that light, and its algorithms do the dirty work.
The only way bitcoin influencers appear to be able to submit their videos is by exposing the crypto products they are advertising via a branded content option in the Tik Tok app. One of these influencers, Wendy O, shared her thoughts on the subject, saying: “ Tik Tok is shadow banning and censoring crypto content creators when a lot of us are posting great educational pieces.”
The video takedowns, according to the creators, are also triggered by specific phrasing. Some producers, for example, claim that mentioning “Binance” or “decentralised finance” in any way is a certain way to have one’s films taken from the platform. Mentioning the words “bitcoin” or “Ethereum” is also likely to yield bad results.