The social media platform X is considering implementing new regulations for users posting about cryptocurrency for the first time. This move comes after a scam involving false reports about a tortoise's death was circulated, raising concerns about misinformation and fraudulent activity linked to crypto discussions. One executive mentioned that accounts mentioning crypto for the first time might be temporarily locked and required to undergo verification to prevent such incidents.
These potential changes aim to increase security and trustworthiness on the platform by addressing the risk of scams and misinformation. The proposed rules would help ensure that new crypto-related posts are monitored more closely, thereby protecting users from deceptive practices. X’s consideration reflects broader efforts to regulate crypto content and maintain a safer online environment for financial discussions.