Ed D - Bitcoin Professional - 07-07-2022
Bitcoin (BTC) donations to Come Back Alive, a non-governmental group assisting Ukraine's military efforts, were said to have received $3 million in BTC in a single gift on Friday, according to sources. Users also rushed to social media to request that the country's Ministry of Defense accept cryptocurrency donations like Tether (USDT) instead of only trade in Bitcoin. At the same time, the creator of Ukraine's Kuna cryptocurrency exchange platform established a fund to help local charities where you can buy and sell cryptocurrencies. The outpouring of solidarity was even stronger on Friday. "Pan Danil" a nonfungible token (NFT) artist, has started a campaign to direct donations, hold NFT auctions, and commit a part of project sales to NFT artists in Ukraine. A group of volunteers had established at the time of publishing to compile a community list of Ukrainian NFT artists and connections to their work on NFT platforms including Rarible, Foundation, and OpenSea.
Other Ukrainian artists, such as "Voplividchau," have stated that their NFT drops have sold out as a result of community support. Despite the sale's success, she said, "It's quite terrifying in Kiev [Kyiv] today; it was horrible at night, and what will happen next is very frightening. I respect the bravery of those who have come here.” Orica, an NFT platform that last year organized an NFT charity drop to benefit victims of human trafficking and started an NFT campaign to help build a school in Uganda, expressed its support for Ukraine's NFT musicians on Twitter. It also looks that the site is bringing in Ukrainian NFT artists to participate in forthcoming exhibitions. This will help to spread the word about Ukraine and give an opportunity to exchange crypto and NFTs to support Ukraine.
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