The Jamaican Stock Exchange is to Bring Cryptocurrency Trading to its Platform
By Jamie Green – Crypto Dealer
The Jamaican Stock Exchange (JSE) has disclosed the signing of a historic Master Agreement with the prominent Canadian FinTech company, Blockstation, to enable live trading of crypto assets and security tokens on its platform. This will be one of the first stock exchanges to offer this service to buy and sell cryptocurrency in a regulated and secure environment.
Blockstation will provide an end-to-end digital asset trading platform for the stock exchange network with compliant listing, trading, clearing and settlement of cryptocurrencies and security tokens. Users to the JSE will have access to buying Bitcoin which includes the whole ecosystem of investors, depositories, regulators and broker-dealers. These members participated in the successful live-trading pilot which concluded in the completion of the Master Agreement.
JSE believes this is a unique opportunity to diversify their product offering to attract new listings and potential investment. Many cryptocurrency projects may use the platform to list their token as currently they have been restricted to cryptocurrency exchanges. This will allow more opportunities for users to buy and sell Bitcoin.
The platform is yet to go live and is starting with a limited pilot to trade Bitcoin (BTC) and Ethereum (ETH) through the JSE. The partnership has not yet disclosed which coins are scheduled for listing, but users could hope to buy XRP, Ethereum and Litecoin along with the other major cryptocurrencies through the platform.
JSE is one of the first stock exchanges that hopes to offer cryptocurrency trading through its regulated platform for users looking for a secure and trusted environment for buying crypto. We could see other stock exchanges soon following the JSE’s initiative into crypto assets.
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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