By Ollie H - Cryptocurrency Broker - 04-09-2021
Globally, cryptocurrency trading has grown in popularity, with more people gaining interest in investing. Even many wall street stock traders have decided to take the plunge to invest in cryptocurrency in order to diversify their portfolio further.
Lately in Japan, a significant banking company, SBI Holdings, hopes to provide crypto exposure to the country. As reported in an article on Bloomberg, SBI Holdings aims to create Japan's first cryptocurrency fund and release it to the nation. The plans to establish and launch the new fund will commence by the end of November this year.
According to the Bloomberg article, SBI Holdings currently has made plans to allow users of the crypto fund to invest in Bitcoin (BTC), Ether (ETH), Litecoin (LTC), and they can even buy XRP and other popular cryptocurrencies. That being said, investors will likely have to make a large deposit of $9000 to $27000 or 1-3 million yen; this could help the fund expand to millions of dollars.
The Director of SBI, Tomoya Asakura, has stated that they wanted Japan to have more exposure and more opportunities to buy cryptocurrency alongside other investments. Asakura said that cryptocurrency can be used for diversifying portfolios and that if this project is a success, the company will establish a second fund.
In other news in the country of Japan, BTC PEERS has reported that prominent US crypto exchange platform Coinbase has expanded into Japan. The platform has established itself within the country through collaboration with Mitsubishi UFJ Financial Group (MUFG).
If you are looking to Buy and Sell cryptocurrency, then you can head over to BC Bitcoin where you can safely start investing 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