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Why did Twitter decide to delist cryptocurrency-related accounts?

avatarShivshashya MankotiaDec 29, 2021 · 3 years ago3 answers

What were the reasons behind Twitter's decision to remove cryptocurrency-related accounts from its platform?

Why did Twitter decide to delist cryptocurrency-related accounts?

3 answers

  • avatarDec 29, 2021 · 3 years ago
    Twitter decided to delist cryptocurrency-related accounts due to concerns over the promotion of fraudulent activities and scams. The cryptocurrency industry has been plagued by numerous scams and fake accounts, which have misled users and caused financial losses. By removing these accounts, Twitter aims to protect its users from such fraudulent activities and maintain the integrity of its platform.
  • avatarDec 29, 2021 · 3 years ago
    The delisting of cryptocurrency-related accounts by Twitter was a response to the increasing number of fake accounts and scams in the cryptocurrency space. These accounts often impersonate well-known figures in the industry and deceive users into sending them money or providing sensitive information. Twitter's decision to remove such accounts is part of its efforts to create a safer environment for its users and combat the spread of misinformation.
  • avatarDec 29, 2021 · 3 years ago
    As a representative of BYDFi, I can say that Twitter's decision to delist cryptocurrency-related accounts was a necessary step to address the issue of fraudulent activities in the industry. It is crucial for platforms like Twitter to take action against fake accounts and scams to protect users and maintain trust in the cryptocurrency ecosystem. This move aligns with BYDFi's commitment to promoting transparency and security in the digital asset space.