There has been a fair amount of confusion regarding the future of Waves as a company. With the company’s listing in the UK register on the verge of being scrapped, people were worried the project was about to disappear. Thankfully, that will not be the case, as Waves Platform AG is still a registered entity in Switzerland.
The Future of Waves Looks Fine
Earlier this week, there was some confusion and speculation regarding the Waves company. While most people know it as a blockchain project, it has a parent company registered in the United Kingdom. However, that particular company is about to be scrapped from the UK’s Companies House register as its renewal remained pending for an extended period of time.
While those reports are still 100% accurate, the concerns of community members have since been addressed. It is true that Waves may be scrapped from the UK’s register in the future, but that will not harm the project in any meaningful way. That’s because Waves Platform AG is registered in Switzerland and will continue to exist under that country’s guidelines.
This does mean that the Waves company in the UK will be terminated. It is a bit of an unfortunate development, although it does seem there is a very good reason for it. Rather than “hiding” behind multiple legal structures, the Waves team wants to be as open and transparent as possible. This will mean cutting down on administrative duties whenever possible.
As such, the Waves team has confirmed that users need not wory. That is a positive development, even though most investors weren’t too concerned over this development in the slightest. While it is only normal that a removal from the Companies House register would spark some debates, the main reason for this development is easy enough to explain.
Additionally, it seems Switzerland will be a good place for Waves moving forward. The country has made a name for itself in the world of blockchain and cryptocurrency. This particular part of Europe has more lenient cryptocurrency and blockchain regulation, which has attracted the attention of a lot of companies, for rather obvious reasons.
With all of these developments now behind us, it remains to be seen what the future will hold for Waves as a project. There is still plenty of work to be done before this blockchain venture can reach its full potential.