Celsius Can Undergo Changes And Launch New Tokens
According to a report from Bloomberg on January 24, bankrupt bitcoin lender Celsius may soon restructure and issue a cryptocurrency token to pay users. Some creditors are urging Celsius to follow Bitfinex’s example and create the UNUS SED LEO coin.
According to Kwasteniet, Cel is also preparing to launch a brand-new cryptocurrency token as payment to the business’s creditors. Ross M. Kwasteniet, an attorney for Celsius, said at a court proceeding that the business might be restructured into a publicly traded company with the right licensing. Given the present unfavorable crypto market conditions, such strategy might be a better option for creditors than selling the company’s crypto assets. In order to give users compensation, Bitfinex promised to buy back the token.
Source
https://t.me/Crypto_Bitcoin_Blockchain
