Australian Crypto Exchange to Delist BSV Over ‘Bullying’ Threat to Bitcoin Developers

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Independent Reserve, among the biggest electronic money exchanges in Australia, states it will certainly delist the bitcoin SV cryptocurrency due to questionable actions by its group.

In an announcement Wednesday, the exchange claimed, “In light of recent events and community feedback Bitcoin SV (BSV) and related trading pairs will be delisted.”

CoinDesk connected to clear up the factors for the relocation, with Chief Executive Officer Adrian Przelozny reacting:

Bitcoin is ‘The People’s Money’. At its very core are the principles of openness and freedom and these were also the founding values of Independent Reserve. The behaviour shown by the team behind BSV has been completely counter to these ideals, repeatedly spreading misinformation and making baseless threats against the community. Recent talk of legal action against developers working to improve the Bitcoin ecosystem proved to be the final straw. These are the actions of a bully and they must stop.

Przelozny’s comments appear, in part, to reference threats by high-profile BSV proponent Craig Wright to sue entities hosting the bitcoin white paper online, claiming he owns the copyright. Earlier this month, Wright sent take-down letters from his lawyers to several entities, with Bitcoin Core – bitcoin’s primary developer team – complying in the face of a costly legal battle.

Wright controversially claims to be Satoshi Nakamoto, the inventor of bitcoin, but has yet prove his claim to the satisfaction of most in the community and media, bar some supporters of BSV. Wright also claims BSV “is bitcoin,” making the insurance claim in the title of his blog site.

The bitcoin white paper was initially launched under the liberal MIT permit, indicating anybody is complimentary to usage or disperse it. Since Wright sent his lawful letters, a variety of noteworthy entities have taking the choice to host the white paper, consisting of Square, the city of Miami as well as the governmental sites of Colombia as well as Estonia.

Independent Reserve will certainly stop trading of BSV on March 28, enabling an additional 6 months for consumers to take out any type of BSV holdings from the system.