You can read the full announcement on a Google blog post here.
In a note from Google:
What's Changing
Under the new eligibility requirements announced today, your YouTube channel, you are no longer eligible for monetization because it doesn’t meet the new threshold of 4,000 hours of watchtime within the past 12 months and 1,000 subscribers. As a result, your channel will lose access to all monetization tools and features associated with the YouTube Partner Program on February 20, 2018 unless you surpass this threshold in the next 30 days. Accordingly, this email serves as 30 days notice that your YouTube Partner Program terms are terminated.One of YouTube’s core values is to provide anyone the opportunity to earn money from a thriving channel. Creators who haven’t yet reached this new threshold can continue to benefit from our Creator Academy, our Help Center, and all the resources on the Creator Site to grow their channels. Once your channel reaches the new threshold, it will be reviewed to make sure it adheres to our policies and guidelines, and if so, monetization will be re-enabled.
2018 has seen a big trend for various organizations to ban or remove Google services due to security and privacy concerns. Another valid concern with Google is that may just suddenly remove a tool, like the latest removal. check out this page
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