CJ - Cryptocurrency Enthusiast
An MLIV Pulse study found that once regulatory bodies like the US Securities and Exchange Commission (SEC) started acting against shady businesses in the industry, respondents were more inclined to start investing in cryptocurrency market.
Notably, over 60% of the 564 persons who took part in the most recent MLIV Pulse survey indicated they thought the recent wave of legal action against cryptocurrencies was a good sign for the asset class, whose famed volatility has all but vanished recently.
For instance, the US regulators are investigating the defunct cryptocurrency enterprises Three Arrows Capital and Celsius Network, while the SEC is investigating Yuga Labs, the company that created the Bored Ape collection of NFTs.
“I'm in the "yes" camp”, recently declared Chris Gaffney, president of world markets at Tiaa bank. A regulated investment opportunity is needed as a professional investor, and more professional investors can get involved in crypto if it is more regulated.
Contrary to their position in July, most investors now have a modicum of optimism when it comes to Bitcoin investment. In contrast to the summer, when many projected that Bitcoin price would drop to $10,000 before climbing to $30,000, nearly half of those polled think it will remain between $17,600 and $25,000 until the end of the year.
Cryptocurrency is still a divisive topic, as evidenced by the wide range of opinions expressed by poll respondents, despite the industry's relative obscurity among traders. Ponzi and "future" tied for first position when asked to sum up the emerging market in one word.
There are many unknowns, including regulation, platforms, as well as what it actually is and what it will be used for, according to Victoria Greene of G Squared Private Wealth.
Greene concluded by saying that if one is a sincere believer, one may claim that cryptocurrency is the future. Traditionalists, on the other hand, might refer to cryptocurrency as a Ponzi scheme.
If you are looking to buy and sell Bitcoin online, visit a trusted Bitcoin broker – BCBitcoin.
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