CJ - Cryptocurrency Specialist
On October 25, Wu Blockchain, a cryptocurrency news site, announced on Twitter that Apple has made several changes in relation to cryptocurrency and non fungible tokens (NFTs).
Apple revised its App Store Review Guidelines, according to the article, to include NFTs and associated information on crypto trading apps. The article also said that apps are not permitted to utilize their methods to access information or features, such as Bitcoin investment and cryptocurrency wallets.
Wu Blockchain also mentioned that in-app purchases might be used by applications to market NFT-related services including minting, listing, and transferring. Users may also access their own NFTs with apps, provided that NFT ownership does not enable any additional features or capabilities for the app.
According to the updated rules, applications may permit users to browse third-party NFT crypto collections, but only if they don't have any buttons, external links, or other calls to action that direct users to outside shopping alternatives in addition to in-app purchases.
Wu Blockchain's message was finished by referencing the updated rules governing exchanges. On a recognized exchange, apps may assist Bitcoin transactions or transfers. This is only possible if they are only made available in nations or areas where the app has the necessary licenses and authorization to provide a cryptocurrency exchange. The reaction to this news has been mostly favorable, and many cryptocurrency enthusiasts think that this new development will greatly increase the popularity of cryptocurrencies worldwide.
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