By Jamie G - Crypto Specialist - 12-08-2021
Kevin O'Leary is now contracted to be the spokesperson for the cryptocurrency exchange platform. Part of the agreement is that O'Leary will be compensated in crypto-assets and own a portion of the company.
After agreeing to become the official spokesperson for FTX, the Shark Tank Presenter will also take an equity share in FTX Trading Ltd. and West Realm Shires Services Inc. O'Leary also requested that he be paid for the Ambassadorship in investments in cryptocurrency; this is to enhance his holdings further.
The venture capitalist who has also been known as "Mr. Wonderful" has stated in a Tweet that he's recently "solved" his crypto compliance issues. O'Leary further said that he has the intention to utilise his work with FTX to manage his crypto portfolio through the platform.
While announcing his partnership with FTX, O'Leary discussed that many institutional investors are indecisive about investing in cryptocurrency. The indecisiveness comes from the same compliance-related problems that O'Leary has reportedly faced. Furthermore, Kevin reportedly stated that her wanted to grow his "crypto exposure but also serve my compliance mandates."
However, cryptocurrency trading has not always been on the mind of Mr. Wonderful, as regulatory compliance in the crypto industry has been long source of concern for the new-found investor. An example of his previous problems and also ideals is in 2019 he previously indicated that crypto does not interest him in the slightest due to it not being compliant.
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