The UK Poised To Be At The Forefront Of The First Cryptocurrency Economy
The UK is positioned as a leader in blockchain technology and Cryptocurrency economy. With the relevant infrastructure and government support, Bitcoin and blockchain technology could be a global leading force within just five years, reports suggest.
Blockchain is a digital record which provides a transparent means of facilitating transactions. The market leader for this technology is currently Bitcoin - the virtual currency everyone is talking about. These crypto transactions are recorded on a public database, across a network, which creates a long list of all transactions completed since the creation of Bitcoin.
As Great Britain is already the financial capital in the world - and currently leads the way in fintech - it is ready to create waves in the blockchain technology and Cryptocurrency world. The suggestion is that the UK could merge Cryptocurrency with the current financial system at some point in the future.
Hundreds of millions have been invested into blockchain technology via ICOs (Initial Coin Offerings), Bitcoin, Ethereum, EOS and Ripple, to name just a few. This investment could see this digital economy soar to new heights - we could well see citizens trading in Bitcoin instead of the pounds sterling (GBP).
The British Parliament have already recognised blockchain as highly significant and have expressed a willingness to work with businesses to speed up the adoption of virtual cryptocurrencies.
Bitcoin is still in its infancy but has already created a storm in the world of Crypto. With many companies impressed with the technology, the future looks bright. Watch this Crypto space at BC Bitcoin for further developments in the future.
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