By Jamie - Crypto expert - 02-12-2021
The Platform as a Service (PaaS) protocol, Bitrise has been receiving a lot of attention as of lately. It’s recent rise in popularity across the crypto community is due to Bitrise drastically and suddenly rising in price. The price to buy crypto token Bitrise has outshined many of the largest cryptocurrencies in the market. To put it into perspective, Bitrise is only a 4-month-old project, many crypto market investments typically take much longer than a few months to see market growth. In many discussions across the crypto side of the internet, investors have been comparing Bitrise to other cryptocurrencies. Surprisingly, crypto traders are comparing Bitrise to a meme-coin dubbed Saitama Inu. The comparison is due to the meme currency also being a fast growing token and alike Bitrise, was seen as the potential next-best-thing after Bitcoin (BTC). However, Saitama Inu had its growth delayed as the FBI has released a warning on buying crypto token Saitama Inu. The warning is said to be one of the factors that is helping Bitrise grow faster as investors look for new fast-growing cryptocurrencies in the market.
Unlike Saitama Inu, Bitrise is a Decentralised Finance (DeFi) project that is issued on the Binance Smart Chain. One of the main reasons as to why the meme coin fans have been moving on to Bitrise is due to it being backed by decentralised and speedily developing technology. An example of the projects fast development is that within three months after the tokens debut on Binance Smart Chain, the team behind the cryptocurrency has brought out new products to expand its ecosystem. The new expansions include Techrate Audi, Bitrise Audits, and a decentralised-application (dApp) wallet to be used through the network.
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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