By Max S - Cryptocurrency Enthusiast - 16-08-2021
A new string of virtual and in-person events are now officially launched by Cardano and Input-Output Hong Kong (IOHK). The multiple events have lately been dubbed the Cardano Summit 2021, with many in the cryptocurrency trading industry excited to take part as registration opens.
With some insight into Cardano's (ADA) partners in the summit, Input-Output, they are an organization based on remote working and is also entirely decentralised. Charles Hoskinson and Jeremy Wood, founders of the public blockchain platform Cardano, also founded IOHK in 2015. IOHK is a blockchain infrastructure research company that supports not only blockchain technology but also engineering businesses.
IOHK focuses on exploiting blockchain's peer-to-peer technologies, by utilising peer-to-peer work can help create more convenient financial services. The company establishes blockchain infrastructure solutions that have high assurance; IOHK then manufactures the solutions for public, commercial and government-based customers. The project supports the decentralized Cardano network; the IOHKs system also helps support the smart contract features on the Cardano platform.
The Cardano platform has a native token Cardano (ADA); ADA facilitates IOHKs peer-to-peer transactions within the platform. ADA is one of the most popular cryptocurrencies to invest in, and you can buy Cardano at many trusted crypto brokers.
Furthermore, despite the two companies, IOHK and Cardano, already announcing the upcoming event on social media platform Twitter; there still remains uncertainty on what the occasion is actually about and what events will take place.
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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