There appears to be a lot of confusion regarding the Waves project. A new document is circulating on the internet indicating that the firm behind Waves needs to renew its registration. Failure to do so may result in the company being struck off the UK register and dissolved.
No Real Concern for Waves Holders
Although the document in question seems to indicate that something is amiss with the Waves project, that is not necessarily the case. All this document states is that the Waves parent company must renew its registration with the UK government within the next two months. Failure to do so will result in Waves Platform Ltd. being removed from the Companies House register and dissolved.
Although this may seem like a big problem, it is being blown out of proportion on Reddit. The document does not mean Waves is bankrupt or pulled an exit scam by any means. It does indicate they may have overlooked some of their administrative tasks, although that situation can be resolved with very little effort.
Moreover, there are some concerns regarding the validity of the document itself. It does appear to be live on the Companies House website, which confirms its legitimacy. Even so, there have been similar documents circulating on the internet which seemingly affected other companies in the cryptocurrency space. Most of those documents turned out to be completely fake, though this one appears legitimate.
It will be interesting to see how the Waves team responds to this pressing matter. If they do not renew their listing in the Companies House register, there will be a lot of concern among investors and speculators as to how things will proceed from here on out. Seeing the company being dissolved in the UK would return all property and rights to the crown, which would bring an end to this project altogether.
One pressing concern is that a company valued at close to $400 million could suffer from such an administrative oversight. While it is not a new development by any means, there is no reason for this problem to exist in the first place. It isn’t exactly a sign of professionalism, although it can happen to any company, especially in the world of cryptocurrency.
For the time being, the community will have to wait for an official explanation from the Waves team regarding this news. It doesn’t bode well for the future of the company, but there is no real reason to be overly concerned about the way things are evolving. As of right now, it seems the Waves project will continue for quite some time to come, yet an official statement regarding this matter would certainly be appreciated.