SBI Holdings Removes BSV But Not As A Part Of The Delisting Campaign

SBI Holdings the Japanese Financial giant, removed Bitcoin Cash from its exchange last week but claims it was not a part of the delisting campaign against BSV. In today’s coming altcoin news, we read more on this misunderstanding.

According to the Cointelegraph Japan reports from April 19, the SBI holdings giant never actually offered Bitcoin Satoshi Vision trading. The company only allowed Bitcoin Cash trading and this has always been seen as a controversial move. Removing Bitcoin cash from the platform happened during the most controversial times since many crypto exchanges delisted the BSV cryptocurrency as an overall industry boycott.

As DC Forecasts previously reported in the altcoin news, exchanges such as Kraken and Binance stopped providing support for Bitcoin Satoshi Vision after Craig Wright made multiple legal threats towards Twitter user Hodlonaut but also against podcaster Peter McCormack for accusing him of being a fraud. SBI Holdings has nothing to do with the accusations and the delisting campaign that started on Twitter.

Bitcoin Satoshi Vision (BSV) is a hard fork of Bitcoin Cash after Craig Wright and Ayre claimed that the altcoin is the original bitcoin. Wright also made claims that he is the real creator of the number one cryptocurrency. During his statements, the value of both altcoins fell dramatically. The move by SBI holdings removing BCH comes at a time when other companies choose to delist BSV in a time of criticism.

However, the SBI Holdings giant was also criticized for the decision since the company has made a lot of partnerships with Wright’s businesses and especially with nChain which is also under Wright’s ownership. In a statement, the executives denied conflict of interest:

 “It is true that we do have a business relationship with Mr. Craig Wright through our partnership with nChain. However, our decision to delist Bitcoin Cash (ABC) is unrelated to the delisting of Bitcoin SV by several non-Japanese exchanges.”

SBI Holdings made clear that the BCH delisting was premeditated and a decision was brought after a long consultation with the Japanese Virtual Currencies Exchange Association. The decision comes at a time when BSV is reaching almost all headlines in every best cryptocurrency news sites but the company states it is a coincidence.

As of press time, Bitcoin Cash is trading at 3.2 percent lower at $299 while Bitcoin Satoshi Vision is trading around $59 despite the massive delistings.