By Tyler S - Wallet Specialist - 08-04-2021
The Hainan Province, based in South China, will launch a two-week campaign later this month to encourage island citizens to use the virtual yuan. As part of this scheme, contributors will get a discount for every 100 yuan spent on central bank digital currency.
Founded in 2012, the region is at the forefront of disputes over territorial claims within the South China Sea. It is the People's Republic of China's smallest city by population and its biggest geographically — officially encompassing over 280 islands and their surrounding seas, covering nearly 800,000 square miles of the complete area, including land and sea.
The ICBC Hainan, also referred to as the Industrial and Commercial Bank of China’s Hainan Branch, collaborates with China's central bank's Haikou Branch and also the Sansha local government. Maintaining their culture of spectacle excitement, there are further plans to arrange a digital yuan consumption parade to market the adoption of digital currency investment.
China are just one amongst a list of nations exploring the world of investing in cryptocurrency, and more significantly, implementing crypto to fiat infrastructures and services.
According to official sources, the event marks the temporary transformation of Yongxing Island, home to the city's administrative seat, into a "digital renminbi consumer island." The drive will target Sansha City government workers, local corporate employees and other organisations, including island residents.
If you are looking to Buy and Sell cryptocurrency but not sure where to buy Bitcoin, you can head over to BC Bitcoin where you can easily and safely invest by registering an account with us 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