Australian Crypto Exchange to Delist BSV

Australian crypto exchange to delist BSV

TL;DR Breakdown

  • Independent Reserve would delist Bitcoin SV on its platform from March 28.
  • Craig Wright says he is Satoshi Nakamoto.

Independent Reserve, a leading digital exchange in Australia, has announced that it would be delisting Bitcoin SV (BSV) cryptocurrency because of the behaviour exhibited by its developers. The press statement made it known that the unsavoury events and the community’s feedback led to the asset’s delisting. The exchange firm has said it would stop trading the asset by March 28 and would give its users up to six months to withdraw their BSV token on its platform.

Independent Reserve gives reason for delisting BSV

Adrian Przelozny, the CEO of the exchange, said that the BSV asset team was operating on ideals that run contrary to that of his firm. He added that the BSV team were spreading false information and also engaged in threatening the crypto community. The final straw that broke the camel’s back was the threat of a legal action issued by a team member to developers of the Bitcoin system. This, he believes, are actions of a bully and wouldn’t be condoned.

Craig Wright says he is developer of Bitcoin

A leading voice for BSV, Craig Wright, has laid ownership claims to the copyright of Bitcoin’s white paper. Through his lawyers, he had written several entities and institutions demanding them to remove the white paper from their sites or face legal actions. Bitcoin Core, the leading crypto asset primary developer team, was forced to take down the white paper as it tried to avoid a costly legal battle.

Not only that, but Wright has also said he is the inventor of Bitcoin. He claims to be Satoshi Nakamoto, but many crypto spaces and media do not believe him. He also made some controversial claims like BSV “is bitcoin” too.

Due to Wright’s letter, the governments of countries like Colombia and Estonia and other notable institutions like Square have decided to host the White paper on their platforms.

 

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