Interesting news in the world of Bitcoin fork, both for Bitcoin Cash that Bitcoin SV, a lthough you can not say the same optimistic about their prices, since fall of more than 35% over the last 7 days .
Bitcoin Cash up for auction
The US General Services Administration (GSA) recently auctioned off Bitcoin Cash (BCH) and Litecoin (LTC) that had been confiscated from its tax evaders.
To be precise, these are 8.93 BTC, 150.2 LTC and 0.00022 Bitcoin Cash. The auction started on June 18th and will end tonight, June 22nd. Already in March 2021, the agency had started auctioning several cryptocurrencies, but this is the first time that Litecoin is also mentioned.
Thomas Meiron , GSA Regional Commissioner, explained :
“Experienced investors recognize a good opportunity when they see it, which is why our auctions have generated so much excitement within the crypto community. With the addition of a new type of cryptocurrency, this heralds one of our most exciting auctions of the year ”.
In South Africa, the Fintech Working Group (IFWG) has meanwhile announced that Bitcoin SV will collaborate with Centbee , a fintech company that will be part of the regulatory sandbox in South Africa.
The regulatory sandbox will provide the opportunity to test new products and services that will push the boundaries of existing regulations while remaining under the supervision of relevant regulators.
IFWG also collaborates with the National Treasury, the Financial Intelligence Center, the Financial Sector Conduct Authority, the National Credit Regulator, the South African Reserve Bank, the South African Revenue Service and the Competition Commission.
Centbee’s app, Minit Money, will test cross-border payments in Ghana and beyond. Angus Brown, co-CEO of Centbee, explained:
“We are proud to be the first Bitcoin SV business globally to work closely with financial sector regulators in South Africa and are delighted to have been selected for South Africa’s first regulatory sandbox.”
Centbee seems to have decided to use Bitcoin SV as a blockchain to have cheap and fast transactions.