Gemini Has Gained The New York Watchdogs Approval To Add Litecoin To Its Listings
Gemini Trust recently tweeted an article published by Coindesk that suggests the exchange has won the approval of the New York Watchdog to add support for Litecoin; increasing their listings to four cryptocurrencies. Trading is to commence on October 13 and will allow users to sell and buy Litecoin. Gaining regulatory approval is a big milestone for Litecoin and helps them get closer to achieving their vision of being a cryptocurrency for everyday payments.
This is the fourth crypto that will be available on the platform. Gemini had revealed earlier in the month that it had secured insurance coverage with Aon, a digital assets lending service. The Winklevoss twins who own the exchange have reportedly hired advisors to expand into the UK market. This is exciting news for BC Bitcoin especially as we are the UK’s most trusted cryptocurrency broker.
Gemini is a centralised exchange that trade volumes of over $34 million daily and is ranked the 38th largest crypto exchange by CoinMarketCap. If you would be interested in trading, you can buy Litecoin here. We also have the other three cryptocurrencies on our platform so if you would like to buy Ethereum, Bitcoin or Zcash then get in touch today.
The Litecoin community will be rejoicing now that Gemini have provided their endorsement which will help the coin become more widely recognised. Gemini has been branded as one of the most regulated cryptocurrency exchanges and custodians with its operations being overseen by the New York State Department of Financial Services.
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