By Aaron - Cryptocurrency Retailer - 30-09-2021
Ever since the crypto crackdown in China, the crypto community has been fearfully waiting on what will happen next. However, a tech venture capitalist, Katie Haun, believes that the latest events offer some guidance for countries on what not to do. Haun has stated that the United States should avoid making the same mistakes as China regarding cryptocurrency. In fact, Haun believes cryptocurrency assets and the industry should be considered an opportunity for the U.S.
Haun, a long-time federal prosecutor, further stated that the U.S needs to do the exact opposite of China's ban on buying and selling Bitcoin (BTC) and other cryptocurrencies. In an interview with CNBC, Haun stated that China is quickly progressing its digital yuan, which is already being made available to the nation for a test run. With China's central bank digital currency (CBDC) information, Haun predicts that the country will bind commerce, tie loans, and aids to the digitalised yuan. Huan further compares the digital national currency to that of a stablecoin, a crypto-to-fiat coin that is often pegged to the price of another currency or commodity.
Reportedly, the citizens of China are fully aware that nothing can hold authority over cryptocurrencies. With that in mind, many people and entities wish to regulate it in some way to maintain control. However, the decentralised nature behind Bitcoin and other cryptos make cryptocurrency's technology and usage so trustworthy.
If you are looking to Buy and Sell Bitcoin UK, then you can head over to BC Bitcoin where you can safely trade today.
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