TikTok changed its policies, now cryptocurrency influencers consider moving to rival platforms – CNBC

TikTok changed its policies, now cryptocurrency influencers consider moving to rival platforms – CNBC

A man holding a phone walks past a sign of Chinese company ByteDance’s app TikTok, known locally as Douyin, at the International Artificial Products Expo in Hangzhou, Zhejiang province, China October 18, 2019.

Reuters

If Lucas Dimos gets one more video removed from TikTok, he suspects he’ll get kicked off the platform forever.

In the last month, at least 10 of his videos have been taken down for promoting illegal activities and regulated goods. But Dimos, who posts content on a TikTok account called theblockchainboy, says he hasn’t done anything wrong.

“It’s left my account on such a razor’s edge,” said Dimos. “We’re dying out here. We’re floundering. We’ve tried to build a community and guide this whole movement in the right direction.”

TikTok cryptocurrency content creators like Dimos, who claim they are just trying to educate consumers about the emerging market, say they have been hard hit by rapid changes at the social media company. In July, TikTok implemented a system that can automatically block videos violating its policies, and the company recently updated its branded content policy, barring the promotion of financial services including cryptocurrencies, unless users disclose it through a branded content option in the app.

CNBC spoke with 11 cryptocurrency creators for this story who say they have posted educational crypto videos, yet their content is getting flagged or taken down permanently with little explanation from TikTok. Some said their accounts are also getting temporarily banned more
Source…