Update regarding Bitcoin Cash

3 Aug 2017 10:01
Adrian Przelozny, CEO

We are now in a position to explain in more detail how we will deal with Bitcoin Cash (BCH) which came into existence following the August 1 UAHF hard fork.

In the run up to the hard fork, we advised our customers that we had chosen not to interact with the UAHF chain, and that those who wanted to receive Bitcoin Cash (BCH) immediately after the fork should withdraw their Bitcoin.

This was the best course of action to take at the time to ensure the continued stability and security of our platform.

For those customers who chose to leave their Bitcoin on Independent Reserve at the time of the fork, we recorded their BCH balances at the time of the last common block (block 478558), which was mined at 1st August 2017, 23:16:14 UTC +10.

These BCH balances will be made available to our customers as soon as it is safe for us to do so. A series of technical and safety requirements need to first be met before this can occur.

We will release further updates regarding this in the coming days and weeks.