By Luke - Crypto expert - 02-12-2021
The Investor Advisory Committee held by the Securities and Exchange Commission (SEC) will take place on December 2 this year. The SEC typically gather together to discuss buying crypto and digital assets in order to provide peace of mind to investors. As technology grows and new advanced crypto market investments emerge, there is a lot of need for trust and safety in the market. Within the meeting today, the committee will be bringing up the main issues of investing in cryptocurrency, and discussing the different ways they can improve “investor protection.” The SEC of course will go over how cryptocurrency assets are being regulated and the coins legislative systems. They would further go through any specific details that need to be looked at or addressed early on.
One of the first points of discussion will be the risk that comes with new and exciting technologies. There has been an on-going risk warning whenever people buy cryptocurrency due to the volatility in the market, and this applies to all similar projects such as non-fungible tokens (NFTs) and Metaverse initiatives. Eventually the committee will move away from the crypto-risk talks and will cover subjects such as decentralised blockchain technology, ETFs, and stablecoins. Blockchain technology is quickly getting widespread adoption and is being used to update modern tech. More recently, blockchain is being integrated into games such as play-to-earn Splinterlands, Axie Infinity, and My DeFi Pet (DPET).
If you are looking to Buy and Sell cryptocurrency, then you can head over to BC Bitcoin where you can safely start investing in trusted bitcoin 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