Cryptocurrency Q&A
What happened to Bitcoin SV?
What happened to Bitcoin SV?
Stefano
Wed Oct 16 2024
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7 answers
1795
I'm wondering about the recent developments or changes that have occurred with Bitcoin SV. Could someone provide an update on its status or any significant events that have impacted it?
7 answers
Maria
Fri Oct 18 2024
Effective January 9, 2024, at approximately 12PM ET, Coinbase initiated a significant change in its services, prohibiting customers from withdrawing BSV tokens. This move marked the commencement of a carefully planned liquidation process.
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Elena
Fri Oct 18 2024
The liquidation period spanned from January 9th to February 2nd, 2024, ensuring a smooth transition for customers while Coinbase managed the technical and regulatory aspects of the withdrawal halt.
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HanRiverVisionary
Thu Oct 17 2024
For those customers residing in regions where USDC, a stablecoin pegged to the US dollar, is supported, Coinbase offered an alternative solution. During this period, instead of BSV, customers received USDC as their digital asset.
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EtherealVoyager
Thu Oct 17 2024
Recognizing the importance of security and convenience, BTCC offers a secure wallet service. Customers can store their cryptocurrencies safely and access them anytime, anywhere, with the peace of mind that their assets are protected.
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GangnamGlitzGlamourGloryDays
Thu Oct 17 2024
The decision to halt BSV withdrawals and offer USDC as a replacement underscores Coinbase's commitment to compliance and ensuring the stability of its platform. It also reflects the evolving landscape of cryptocurrency regulations globally.
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