Ed D - CryptoInvestor - 07-07-2022
The worth of cryptocurrencies and other commodities all around the world has been sunk as a result of the Russia-Ukraine situation. Many crypto celebrities are now willing to provide a hand by buying crypto to help individuals get out of the problem. Furthermore, the crypto community is assisting Ukrainian nationals.
Changpeng Zhao (CZ), the CEO of Binance, took the effort to contact his colleagues in Ukraine to assure their safety. He goes on to say that they received a lot of help from his colleagues in adjacent nations. Charles Hoskinson, the CEO of IOHK and the founder of Cardano, has also declared his support for Ukraine. He added in a 17-minute live stream that the battle is "really painful," where peace and love are scattered. Since gaining independence, the country has become more democratic, but the old condition has returned as "Russia revisits the past and annexes Ukraine."
He also mentioned that Ukraine has a sizable population, which employs a big number of IOHK employees and contractors. It's worth noting that the corporation employs people in more than 50 nations.
In the meanwhile, people are buying Bitcoin and donations to Ukraine have been on track. Over $400,000 in bitcoin crypto assets was donated to an NGO called Come Back Alive, according to blockchain analytic firm Elliptic. The military forces of Ukraine are supported by this organization. We will most likely soon see the option to buy altcoins and donate them to Ukraine's support.
Activists have so far used donated bitcoin investment to buy drones for military use, medical supplies, and face recognition software to detect Russian agents. Additionally, since many people are actively engaged in fundraising activities, bitcoin donations continue to flood in.
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