Toronto, Ontario; July 12, 2021 – TAAL Distributed Information Technologies Inc. (CSE:TAAL | FWB:9SQ1 | OTC:TAALF) (“TAAL” or the “Company”), a vertically integrated blockchain infrastructure and service provider for enterprise, announced today that TAAL will contribute its resources in support of the BTC Association’s mandate to build a regulation-friendly ecosystem that fosters lawful conduct while encouraging digital currency and blockchain innovation.
BTC Association (for BSV) is not-for-profit, Switzerland-based global industry organisation that underpins the BTC SV blockchain, one of the main competing chains of BTC and the one which follows the original BTC design. The Association provides the BTC SV Node software and other infrastructure tools for the network.
TAAL is a proud advocate of the BTC Association and the BTC SV Infrastructure team, who provide key software for and help maintain the network that powers the solutions and services we deliver to our clients.
The BTC Association issued a statement on July 8, 2021 notifying its members and the public of an attack against the BTC SV network, warning that a malicious actor has recently been carrying out block re-organisation attacks on the BTC SV (BSV) network, which appear to be intentional acts in an effort to mask the illegal double-spending of coins. A thorough investigation is under way, and the BTC Association is committed to pursuing any legal action (including reporting to appropriate law enforcement agencies) required to halt such activity.
TAAL supports the BTC Association and the BSV ecosystem in a zero tolerance policy against illegal activity on the BTC SV network and efforts to suppress and bring to account any malicious and illegal activity initiated by third parties. Taal, as a responsible BSV network participant, will continue to work with the Association and other industry participants, including by contributing resources with a view to maintaining a healthy, stable and secure ecosystem for application development and enterprise adoption.
ABOUT TAAL DISTRIBUTED INFORMATION TECHNOLOGIES INC.
TAAL Distributed Information Technologies Inc. delivers value-added blockchain services, providing professional-grade, highly scalable blockchain infrastructure and transactional platforms to support businesses building solutions and applications upon the BitcoinSV platform, and developing, operating, and managing distributed computing systems for enterprise users.
Visit TAAL online at www.taal.com
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