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Waves Official Statement On The Rumours About Company’s Liquidation



In connection with blog and media publications on the liquidation of the Waves legal entity registered in the UK, Waves team officially states the following.
First of all, Waves Platform remains fully active. Any information on the project’s bankruptcy is untrue. We’re fully following the interests and trust of our investors. Any of our actions are done in total compliance with business ethics and all initial agreements. Current streamlining is aimed at increasing the overall performance of the project.
The company that was registered in the UK was active at early stages of the project, used primarily for marketing and promotional purposes.
Due to more favorable legal regulations and Waves’ international expansion, the company’s headquarters has been moved to Switzerland (Waves Platform AG) since December 2017. Therefore, the team decided not to renew the company’s registration in the United Kingdom. The change of jurisdiction will allow the project to enhance relationships with counterparties and expand to new markets. The official announcement of company’s launch in Switzerland and the names of advisory board members is scheduled for the end of June 2018.
Streamlining is a standard procedure in any international company. Waves moving to Swiss jurisdiction is done solely in the interests of our investors and users, it does not pose any potential threat to them
Waves Team

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