Acquisition of Skyrun Technology and Digital Currency Brokerage Platform
Canadian-based Coronado Resources has announced the acquisition of the outstanding common shares of Skyrun Technologies Corporation. Coronado has acquired the company and the digital currency brokerage platform it was currently developing. The platform is scheduled to launch in Canada later this year in which registered users can deposit and sell cryptocurrency. Coronado has stated it is pursuing business opportunities in the technology sector.
Coronado is best known as an energy and natural resources provider currently classified as a ‘Utility’ issuer. The acquisition of Skyrun will constitute as a ‘change of business’ subject to approval from the Toronto Stock Exchange (TSX), Venture Exchange, issuing the shares in Skyrun. Once approved Coronado will become a digital asset exchange able to provide customers with the means to sell Bitcoin through their platform.
Skyruns brokerage platform will use a variety of API and payment instructions to facilitate orders for both buying and selling crypto. Exchanges need to provide an innovative, secure experience whilst meeting regulatory compliance to keep competitive. The company also develops solutions for wallets and exchanges for commerce applications with a global network of financial and payment partners. These partners will be able to provide users with the ability to withdraw earnings accrued through selling Bitcoin.
There seems to be no stopping companies investing in the benefits of blockchain technology and the cryptocurrencies they power. Hopefully regulation of the space will keep up with the innovation of technology and services.
If you’re looking to cash out crypto or to keep informed on the latest developments in crypto, head over to BC Bitcoin.
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