Bitvavo, a cryptocurrency exchange, has announced that it will be delisting Bitcoin SV (BSV) from its platform. This decision follows a similar move by Bittrex earlier in the same week. Bitvavo users will have a six-month grace period to withdraw their BSV funds from the exchange.
This is not the first time that BSV has been delisted from a cryptocurrency exchange. In 2019, Kraken and several other exchanges terminated their support for the project, citing ethical concerns.
Recently, there has been a call from some in the cryptocurrency community to delist BSV, including a push by Morgan Creek co-founder Anthony Pompliano for all major exchanges to delist the asset simultaneously on May 1st. However, with Bitvavo and Bittrex already taking action, it remains to be seen how many more exchanges will follow suit.
Bitvavo’s delisting decision also comes amidst regulatory changes in the cryptocurrency industry. In 2020, Bitvavo came under the supervision of De Nederlandsche Bank due to the introduction of the fifth anti-money laundering directive in the Netherlands, which mandates that digital currencies can only be sent to verified wallet addresses.