By Tyler S - Wallet Specialist - 03-11-2021
The decentralised money market platform, Kava, has grown exponentially since its release to the public back in 2018. The platform started as a small application built using blockchain technology, and now Kava has upgraded to a large ecosystem with a large variety of native assets. Despite seeing major growth in recent years, the Decentralised Finance (DeFi) initiative is already on its way to further expanding its network.
Kava is a DeFi platform with a layer-1 network. Kava is highly secure as the platform has integrated institutional-grade security. With a goal to become mainstream, Kava looks to build its platform up to become streamlined with preparations to expand further and worldwide. Kava houses a few native cryptocurrencies such as KAVA, HARD, and USDX. Within the Kava Lend (HARD) protocol, the lending and borrowing ecosystem allows tokens to be used for specific purposes for platform users. Users can buy Kava Lend HARD at popular crypto exchange platforms including BC Bitcoin. HARD can be obtained through the platform's reward program to contribute toward governance and validation. KAVA is mainly used as an incentive for borrowers, and USDX is used to borrow against the user's locked crypto assets.
Kava aims to provide platform users with an experience that's safe and smooth running. The network plans to help users who want to capitalise on their passive income through their crypto market investments. Kava initially started as Kava Mint, a blockchain with just one protocol that helps users apply for Collateralised Debt Positions (CDPs). Once Kava Mint gained some traction, the platform added Kava Lend, allowing users to lend and borrow, then Kava Swap, allowing users to access decentralised trading and mining.
If you are looking to Buy and Sell Kava Lend (HARD), then you can head over to BC Bitcoin where you can safely trade crypto 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