By Luke Flowers – Crypto Broker
There is no denying that stablecoins are on the rise with many wondering what's in store for such cryptographic money. Facebook has been in the news recently regarding the Libra project, but the growing number of brands that are making or testing a digital currency is also on the up as the adoption of a stablecoin could have many benefits to a business. We could see more users buying crypto native to new chains developed by well-known brands.
While Facebook is not the main brand in the blockchain, it has received some security concerns. Similarly, Walmart appears to want to follow Facebook's Libra breakthrough, but are moving cautiously due to the backlash received by the US government. This again would be a stable coin which holds its value per coin, users would be more inclined to buy crypto on a stablecoin chain for payment as the number of coins for products or services would not fluctuate.
Identified statistics favor the choice of digital currency and blockchain innovation in many businesses, but this is yet to be incorporated within normal business operations. Some factors include the cost but also the integrity of the software must be tested and proven safe before use. It would harm the business if users were to buy crypto for a use on a chain if later a flaw is found.
If you are looking to buy and sell Bitcoin or stable coins such as USDT, USDC or others then you can head over to our website. You can also buy Digibyte which has seen increased popularity recently make sure you check us out. This can all be done on our platform, your trusted Bitcoin broker in the UK.
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