Jamaica Stock Exchange Reportedly to Start Offering Cryptocurrency Trading.
The Jamaican Stock Exchange (JSE) is soon to start offering cryptocurrency trading to its broker-dealers and investing clients. JSE has announced Canadian Start-up Blockstation is to develop and release the cryptocurrency and token platform to enable investors to buy and sell crypto.
JSE is an associate member of the World Federation of Exchanges (WFE). Back in 2015 it was reported by Bloomberg to be the number one stock exchange in the world based on its performance. The platform offers an electronic service for efficient, secure market trading.
The collaboration was chosen to meet the raising demand for digital asset investment by offering Blockstation’s end-to-end encrypted electronic communication network and order management system for trading, quotes, clearing and settlement. All systems are to be formatted to coordinate with current regulations and compliance. Institutional investors will be looking to the platform to either invest in or sell Bitcoin whilst having the means to invest and sell crypto also.
The collaboration has seen the completion of a live workshop with a group of five broker members and representatives from local regulators along with beta testing with participating institutions. Managing director of the JSE, Marlene Street Forrest has stated ‘we are excited to implement this service with our clients, satisfying considerable investor interest in digital assets. We are also proud to be at the forefront of bringing innovation to capital markets’. Forrest believes there is a strong interest from investors for a platform to invest in digital assets through their traditional financial institutions.
To make sure you keep informed on the latest news happening in crypto, or to cash out Bitcoin, be sure to head over to BC Bitcoin.
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