By Tyler - Crypto Retailer - 14/05/2021
Fans that buy 1Inch Network 1INCH are excited to hear the company’s latest development. The 1Inch Network has been integrated into the Polygon system recently. The latest integration will help 1Inch fans use liquidity tools available on Ethereum’s (ETH) layer 2 platform, Polygon (MATIC), this includes SushiSwap and Aave. Other Polygon-based liquidity services include Curve, Cometh, Aave V2, and QuickSwap. Polygon is designed to help the Ethereum network run faster and more affordable transactions. The layer 2 platform provides these benefits by hosting similar sidechains alongside Ethereum. The 1Inch Network isn't the only DeFi project integrated within Polygon as Aave Merged with the layer 2 platform to help users bypass Ethereum’s shocking gas fees. Polygon’s role is to boost Ethereum in order to keep up with the crypto competition.
The 1Inch Network is a decentralised exchange (DEX) aggregator that looks for the best deals to provide more profitability for it's users. Users of the platform can get involved with the decision making by buying 1INCH, the network’s native cryptocurrency. 1INCH is a popular crypto market investment that is used for governance. Investors can purchase, trade, and sell 1INCH on multiple popular exchanges, some of which include BC Bitcoin, Binance, and Coinbase. Reportedly, the 1Inch Network had stated that Polygon began integrating 1Inch due to a significant growth of traffic and user demand. The co-founder of 1Inch, Sergej Kunz had explained that there has been a lot of demand and plenty of requests to Polygon to bring in Swapping through the 1Inch system. According to Kunz, Polygon and the 1Inch Governance Protocol will likely keep growing and developing over the next few weeks.
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Dear valued BC Bitcoin UK Clients,
I hope this email finds you well. We are reaching out to inform you of some significant changes to our services that directly impact our operations within the United Kingdom. Regrettably, due to the recent regulatory developments introduced by the Financial Conduct Authority (FCA) and the implementation of the new Financial Promotions Regime, BC Bitcoin is no longer able to offer our services to clients based in the UK. This very difficult decision is in compliance with the regulatory framework and ensures that we uphold the highest standards of transparency and legality. You can view the FCA publication here: https://www.fca.org.uk/publication/finalised-guidance/fg23-3.pdf As a result, we would like to inform you of the following changes and provide guidance on how to manage your assets with BC Bitcoin:
1. **Service Termination for UK Clients:**
BC Bitcoin will no longer be able to accept new purchase orders from clients residing in the United Kingdom.2. **Continued Operation Outside the UK:**
Despite the changes within the UK, BC Bitcoin will continue to operate outside of the UK as normal. Our services will remain unaffected for clients in other regions.3. **Withdrawal of Assets:**
For our UK clients holding assets with BC Bitcoin, we want to assure you that your assets are secure. You have the option to safely withdraw your assets or exchange them to GBP or EUR and subsequently withdraw. We have streamlined the withdrawal process to ensure convenience for our clients.4. **Conversion of Assets:**
To convert your Holdings to fiat please log in to your BC Bitcoin account and submit a sell order for the amount of coin you hold with us. During the process you will shown how much you will receive and asked the bank details you wish to receive payment to. In addition, you can request the conversion by emailing info@bcbitcoin.com from your registered email address. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process.5. **Withdrawal Procedure:**
To initiate a withdrawal, please email your request to info@bcbitcoin.com from your registered email address. You may be asked some security questions to verify your identity. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process. These changes are effective immediately, and we appreciate your understanding and cooperation during this transitional period. We understand that this may be an inconvenience for our UK clients, and we sincerely apologise for any disruption this may cause. Thank you for being a valued part of the BC Bitcoin community. We are committed to providing you with a seamless experience as we navigate through these regulatory changes. If you have any questions or concerns, please do not hesitate to reach out to our customer support team at info@bcbitcoin.com Kind Regards