The Terra Corporate Finance Alliance has received funding from some of the largest cryptocurrency exchanges operating today. Binance Labs, Huobi, OKEx and Upbit’s parent company Dunamu have all invested in the Terra Stablecoin project along with other firms who have invested in blockchain technology. This suggests an interest in creating a coin that doesn’t experience volatile price fluctuations. You could buy Bitcoin to use as a method of payment, but this will expose yourself whilst holding the Bitcoin as opposed to a stablecoin.
The Terra Alliance was formed back in 2002 by European corporate finance departments to improve members’ ability to serve clients by the sharing of cross-border perspectives and initiatives. It consists of 14 firms who have a coverage of more than 40 countries worldwide. The development of the stablecoin is an initiative to improve the efficiencies of cross-border transactions by reducing barriers. Traders that buy and sell cryptocurrency can utilise a stablecoin by converting their holdings to and from depending on the direction the market is moving.
The Terra cryptocurrency can be compared to the International Monetary Fund’s (IMF) Special Drawing Right in which the price will be pegged to a basket of currencies, as stated in their whitepaper. As the project develops it will include basic goods and services that have functional usage around the world. Gold, corn and timber are some considerations. Pegging a token to physical assets may give some investors assurance to buy crypto as we look towards greater use cases for it.
If you’re looking to buy crypto or keep up to date with the latest cryptocurrency news, then head over to BC Bitcoin.
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