Gus – Cryptocurrency Expert
There has been a lot of misunderstanding regarding Bitcoin's utility, especially among policymakers. Treasury Secretary Janet Yellen enraged the crypto community in January 2021 when she said that Bitcoin and other cryptos were mostly utilized for illegal funding. Several others have expressed misgivings about Bitcoin's status as a financial tool, albeit she eventually backtracked on her previous statements.
Dr. Ben S. Bernanke, the former chairman of the Federal Reserve, is the latest to express his dislike of the main cryptocurrency as a form of money.
Bernanke, a distinguished senior fellow of the Economic Studies programme, was interviewed on CNBC's "Squawk Box" last week. Bitcoin, according to the Brookings Institution, is merely a "speculative asset." While gold has intrinsic worth because it can be used to "fill voids," Bernanke pointed out that "the fundamental use value of a Bitcoin is to do ransomware or something like."
“Another risk that Bitcoin faces is that it may be subjected to much greater regulation in the future. And, I believe, anonymity will be jeopardized at some time. As a result, Bitcoin investors should be aware of this.”
Bernanke has expressed reservations about digital assets. He addressed a letter to the Homeland Security Committee in 2013 warning that cryptocurrency might be dangerous to law enforcement.
If you want to start cryptocurrency investment, but you don’t know how to buy bitcoin online, head over to trusted bitcoin broker – BC Bitcoin. It offers cheap cryptocurrency, where you can buy bitcoins safely and offers small fees when you buy crypto with credit card.
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