Crypto Exchange OKCoin will Suspend Trading of Bitcoin Cash and BSV

OkCoin decided to ban Bitcoin Cash and BSV, claiming the behaviour of Craig Wright dubious. The platform cannot afford to trade these currencies anymore since it would indirectly support the atrocious approach of Bitcoin towards the crypto community. Highlighting that the falsely claimed founder of Bitcoin Craig Wright has been knocking down the Bitcoin Community regardless of the refuting backlash, OKCoin CEO Hong Fang sees Wright responsible for the decision OKCoin had to take.

No to Bitcoin’s Forks

The suspension would be effective from 1 March 2021, and the platform would not deal with any type of trading regarding two forks of Bitcoin. By this means, they aim to protect the crypto community. The objective is to muffle the ‘’misinformation war,” which has been triggered by no other but Craig Wright himself.

It seems like OKCoin has been facing critical issues regarding the legal policies of Bitcoin Cash and BSV since the dominating legal amendments. The recent upgrades have seemed to create an outrageous effect on the CEO of OKCoin. He further claims that Wright has been too much intrusive and controlling, having a lion share of the currency and being a potent shareholder. OKCoin cannot take the risk of providing support to the destructive behaviours of these currencies in the crypto market by allowing these currencies to be traded on their platform.

Role of Craig Wright

The main reason behind the debar of Bitcoin Cash and BSV lies in the fact that the attitude of Craig Wright’s character has been more self-centred and self-proclaimed, which is one way or another destructive for the crypto community. The key concern is to create a more comfortable decentralized financial ecosystem rather than centre it upon hegemony. The most intolerable thing was Wright’s recent claim on Bitcoin’s white paper’s copyright, which was imposed explicitly.

Fang states that he feels that the restrictions of Craig Wright’s threats against legal rights and copyright claims were very disturbing and affect the open nature of crypto markets. It has been mentioned that Craig Wright’s claims and fallacies about his success have been proved false and even declared plagiarized by the court. Although the currencies have been banned, it has not affected their market capitalizations and values so far.

 

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