Thank you for using Ginco.
This is an announcement regarding our policy toward supporting Bitcoin SV in our wallet.
※Last update: March 1st, 2019
- Minor fixes on "Supporting Bitcoin SV" section
- Additional explanation on "Why we change our policy" section
Supporting Bitcoin SV
Previously, we have been announcing our official support toward Bitcoin SV. However, according to our legal team, we found there could be a concern in supporting Bitcoin SV.
Through our considerations toward Japan's local law and regulations, we have decided to postpone the official support for Bitcoin SV until the legal concerns are clear. While we will keep on observing the situation, we are going to add a BCH splitting function in order to allow our users to safely send their funds.
We are expecting to have our splitting function by March 2019.
We apologize for our sudden shift in our policy.
Why we changed our policy
There has been news regarding illegal content uploaded on the OP_RETURN function on the Bitcoin SV blockchain since February 2019.
As we are always considering our user's safety first, after the hard fork, we have been observing the blockchain to decide when to provide support for the Bitcoin SV's sending/receiving function.
Earlier in 2019, we have once decided to provide complete support for Bitcoin SV, and we were under development to provide full support in our wallet. However, throughout the course, we found that as a business entity, running the Bitcoin SV's blockchain node could have a potential risk from the legal perspective. Through our discussion with our lawyer and other local agencies, we have decided to temporarily postpone our support toward Bitcoin SV at the moment.
While our team is having legal concerns about running Bitcoin SV's node, which could make us unavoidable to download illegal contents, however, please understand that we are not concerning about the illegality of the cryptocurrency, the Bitcoin SV itself. As always, our team's final decision toward supporting cryptocurrencies are based on consideration of several important factors coming from both inside and outside of Japan.
However, for our customers who have been waiting for our support toward the hard fork, we have decided to add a splitting function to allow our users to protect their funds and send BCH out of Ginco safely.
The splitting function is the function designed to separate BCH from Bitcoin SV, allowing you to safely send your funds individually.
If you have your BSV given to your BCH's private key, once you have completed updating Ginco the latest version, you could implement splitting in your wallet.
Once you complete your splitting, your BCH and Bitcoin SV will be separated, and you will be able to send your BCH safely.
※Please note that if you have already sent your BCH from your wallet, your Bitcoin SV would be sent to the same destination at the same time, resulting in loss of your asset.
How to check the balance/send your Bitcoin SV
Once you have completed the splitting in our wallet, by importing the backup key to other wallets supporting BSV, you can check the balance and send your BSV at your will.
We will make a further announcement regarding wallets supporting BSV.
We are planning to add our splitting function on March 2019.
We have been planning to provide support to the BCH hard fork by the end of February, however, due to this legal concern, we have changed our supporting policy, thus we need additional development to provide complete support to the BCH splitting.
We will make a follow-up announcement as soon as our development schedule has been fixed. Thank you for your understanding.