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CryptoGlobe
2018-12-28 18:00:00

eToro to Pay Out Bitcoin SV Holders in Fiat Currency, 'Not Obligated to Support Forks'

Leading social trading platform eToro recently announced that it would start paying out users in fiat money instead of supporting the controversial bitcoin (“Satoshi Vision”) SV fork of bitcoin cash (which took place on November 15th, 2018). According to eToro’s announcement, users will receive $92 for each bitcoin cash (BCH) they held in their account before the hard fork was completed last month. In an official blog post, eToro’s management team wrote: “The price [of each bitcoin SV token] was determined by the price of [the total] bitcoin cash SV available to eToro at the time the credit was processed by us.”