By Tayler – Bitcoin Specialist - 29/12/2021
This digital asset notion has grown across India in response to its heightened interest from retail participants seeking to begin investing in cryptocurrency. As digitalisation and trusted Bitcoin companies grew, people in India and throughout the world became more aware of NFTs, and the craze caught on in a matter of months.
CEO Abhayanand Singh unveiled Kamal Haasan's NFT collection on Fantico, describing an NFT as "a digital asset that duplicates real-world objects like art, music, in-game commodities and movies. The simplest way to comprehend NFTs is to think of them as digital collectibles. These are one-of-a-kind or limited-edition goods. Assets with a long-term value increase that may not correlate to other investment markets may be good investments at times." This statement reflects India’s popularity in buying altcoins and the wider DeFi and GameFi industries.
It wasn't until 2021 that Indians were ready to buy Bitcoin online after seeing their favorite celebrities launch digital collections. This was done because most people recognised NFTs as having a lot of promise in the market and wanted to own a few unique tokens linked with some of the country's most famous figures. Celebrities from various walks of life have launched or announced their digital tokens in 2021, ranging from Amitabh Bachchan to Salman Khan to Kamal Haasan to Yuvraj Singh to Rohit Sharma to Manish Malhotra.
What makes celebrities so ready to reveal their NFTs, though? Singh claims "The NFT fever has taken over the film business and social media." Aside from the monetary benefits, the draw for movie stars is that it gives them a new way to communicate with their fans. With the help of NFTs, celebrities are reinvesting their fans through digital transformation." Crypto buying sites using celebrity endorsements is also becoming an increasingly mainstream strategy.
Investing in NFTs, cheap cryptocurrencies and other digital assets is a personal decision. If you are looking for a trusted Bitcoin broker, Register an account on our platform 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