David - Cryptocurrency Enthusiast
With G-Rocket, Honk Kong hopes to entice 1000 Web3 startups to the city-state to focus on cryptocurrency investment and trading as well as crypto storage and the safekeeping of crypto assets and coin holdings.
The political clout of Kit-Chong, a co-founder of G-Rocket, will support this project as he has a lot of sway in Hong Kong's corporate community as a politician and engineer, with ownership stakes in roughly 40 businesses across a wide range of industries.
This is a component of Hong Kong's government's efforts to dominate the cryptocurrency market investment and compete with Singapore, its Asian equivalent.
Jeremy Ng Kit-Chong, a member of the Legislative Council of Hong Kong, co-founded a startup accelerator with the goal of luring 1000 Web3-based companies to the city over the following three years. We want to assist in bringing solid businesses and individuals back to Hong Kong in the aftermath of the epidemic.
One of these businesses is G-Rocket, a startup accelerator that he and Casper Wong co-founded in 2016. Wong is now the business's CEO. He recently spoke with the South China Morning Post in an interview on G-new Rocket's "Hong Kong Web 3.0 Hub" plan.
According to Wong, the primary goal of G-Rocket is to assist 100 Web3 entrepreneurs by expanding their businesses and focusing on cryptocurrency trading as well as crypto storage and the safekeeping of crypto assets and coin holdings. Over the following three years, this number will be raised to 1000 as part of the long-term strategy.
Wong made it clear that the company will work with the government-run incubator Cyberport, the online ZA Bank, and the dominant real estate developer New World Development to provide support for these cryptocurrency-related ventures. He anticipates that doing this will make it easier for Hong Kong-based companies to access commercial office space, banking and governmental services.
Since January 2022, Jonny Ng Kit-Chong has served as a legislator representing the legislative council's election committee constituency. Chong has disclosed his ownership stakes in roughly 40 businesses across a wide range of industries. He has a lot of sway in Hong Kong's corporate community as a politician and engineer, and his political clout will probably have a significant impact on realizing G-Rocket's goals of becoming a cryptocurrency powerhouse in Hong Kong.
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