I'm using Youtube embedded iframes on my website and am currently going through making the site GDPR compliant. From what I understand, Youtube iframes automatically store cookies when a user goes to the website.
I have changed this so the user must first agree to the cookies before storing a cookie on their computer. However, somewhere in my privacy policy I need to say what cookies are being stored and why.
Why does Youtube store a cookie? Is there a reason for this? I've searched their privacy service terms and no where can I find a statement about this that I can reference in my privacy policy.