Blockchain Australia — the industry body for the novel tech in the country — has expelled Qoin, a retail merchant crypto project based in Gold Coast, Queensland.
According to a notice of disciplinary action issued on Feb. 19, Blockchain Australia initially served Qoin with a summons to respond on Jan. 29.
However, Qoin reportedly failed to respond to the notice, forcing Blockchain Australia to expel the project from its membership ranks. Detailing its decision, the notice reads:
“On 17 February 2021, the Board of Blockchain Australia, having considered the Notice and the Response and the circumstances of the matter, resolved, pursuant to the Constitution, to terminate the Member’s membership of Blockchain Australia. The former Member has been asked to cease the use of the Blockchain Australia logo and name in connection with their business or promotional activities.”
However, the Qoin team claims that it was not given ample time to respond by Blockchain Australia. Speaking to Cointelegraph, Andrew Barker, the project’s chief marketing officer said that Qoin was appalled by the industry body’s decision:
“The fact that a National Association like BCA has chosen toTitle: Blockchain Australia ousts retail merchant crypto project Qoin
Sourced From: cointelegraph.com/news/blockchain-australia-ousts-retail-merchant-crypto-project-qoin
Published Date: Wed, 24 Feb 2021 09:58:19 +0000