By Max S - Cryptocurrency Enthusiast - 25-06-2021
Bitcoin (BTC) investing has provided the world with a mixture of emotions. Some people do not like that the coin is both volatile and unregulated, whereas others appreciate those two features. Some countries have gone as far as to ban buying Bitcoin and crypto business, while other countries are beginning to embrace crypto fully.
Due to the latest crackdown from China, many investors remain cautious about their holdings and wonder if other countries that have a major influence on crypto market investment will do the same. The crackdown in China caused mining operations to be halted, with 90% of miners out of work. One strategist thinks this is unlikely to be the case, as they believe two significant players will utilise the crypto industry.
Global forex chief market strategist Marc Chandler has stated that the US and EU have no plans to ban Bitcoin buying and other cryptocurrencies. He further says that the crypto community should not worry about the United States or the European Union following China's steps. With that in mind, investors should expect regulation for popular coins.
Marc Chandler explained that the US and EU wouldn't ban crypto due to fear of losing investments. However, because cryptocurrency has a bad reputation for being used for illegal purposes, there is a high chance for crypto to become more regulated to prevent unlawful actions. Chandler further discusses that cryptocurrency is helpful as a portfolio diversifier as it grows and evolves.
If you are looking to Buy and Sell Bitcoin, 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