By Ollie - Cryptocurrency Dealer - 02-11-2021
El Salvador famously became the first country to accept Bitcoin (BTC) as legal tender. Now, El Salvador is using its BTC profits to build new schools across the nation. As the country grows its Bitcoin wealth, the proceeds are then used to fund the construction of about 20 schools fully. The country had only legalised Bitcoin just five months ago where the entire nation is legally allowed to buy and sell Bitcoin and use as a payment option; in that short period of time, El Salvador has taken massive strides with the cryptocurrency. Reportedly, the information regarding the construction of the Bitcoin funded schools originated from a tweet that was sent out by Bitcoin Magazine earlier in the day.
When El Salvador announced its plans to use Bitcoin towards good deed acts like building 20 schools nationwide, the entire crypto community was delighted by the news. El Salvador's consistent achievements in the crypto field regularly keep the world on the edge of its seat. The country has also accomplished using green energy to mine Bitcoin blocks; the renewable source of energy El Salvador is using is the geothermal power of its native volcanoes. The nation has also donated $30 worth of BTC to every citizen registered to obtain a Chivo e-wallet to try and promote more people holding a Bitcoin wallet in the country. El Salvador's free BTC tactic was very successful as more than 2.1 million Bitcoin wallets are now in use. To top off the Bitcoin accomplishments in El Salvador, the country has brought in and installed around 200 BTC ATMs.
If you are looking to Buy and Sell cryptocurrency, then you can head over to BC Bitcoin where you can safely trade crypto today.
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