Predictions Of CEO Brian Armstrong
By Jamie Green – Crypto Expert
The CEO and CO-founder of US-based cryptocurrency exchange, Coinbase, believes that a privacy coin could have the potential to go mainstream during this decade. He even said that the integration of privacy features will potentially be noticed in major blockchains
Armstrong’s predictions are outgoing considering the crackdown on privacy-focused cryptocurrencies. He even focused on privacy as the spotlighting factor for the expansion of the Bitcoin (BTC) network.
The head of the Finance Committee of France’s National Assembly recommended a ban on privacy coins in March. However, in May Japanese exchange Coincheckdelisted four privacy coins leading to Japans Virtual Currency Exchange Association wanting its member to act accordingly. All of that makes Armstrong’s prediction that a privacy-focused cryptocurrency will reach mainstream adoption surprising.
What are cryptocurrencies doing for maintaining privacy?
When it comes to the integration of privacy features in major blockchains, some may argue that the process has already started. As Cointelegraph reported in June, some fear that Bitcoin’s increasing anonymity may be a threat to privacy coins. However, people continue to buy and sell Bitcoin due to its popularity.
It can be said that privacy is a prerequisite for investors to trust and engage in Bitcoin investing and make large Bitcoin investments. The process of enhancing privacy is continuous and requires upgrades to the network to ensure security.
If you’re interested in learning more about Bitcoin or other cryptocurrencies, head over to BC Bitcoin today. We are a top crypto broker and make it easy to partake in cryptocurrency trading.
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