Romania Continues to Hold the First Auction of Seized Cryptocurrency
Kenny Stevens – Cryptocurrency Enthusiast
The Romanian National Agency for the Management of Stolen Assets (ANABI) declared on 2nd of October that it would carry out its first auction of confiscated cryptocurrency assets, as directed by a resolution of the Ploiesti Prosecutor's Office. Bidders will have the opportunity to buy Bitcoin and buy Altcoins. Auctioned blockchain funds have been recovered in a scam case, says CoinCodex and comprise limited quantities of Bitcoin BTC and Ethereum ETH.
Ether and Bitcoin Digital Auction
The auction will be conducted online through the ANABI Auction Website. The bidders would have to apply with the ANABI first. The person who posts the final bid will have to include the cryptocurrency wallet address later. Notes from ANABI read:
"Keeping in mind the essence of the moveable properties placed up for sale, the good bidder would have to notify the Department, to continue with the transition, of the public addresses of the BTC and the ETH connected with the virtual currency trading site."
According to the tendering panel of ANABI, the Romanian Government is auctioning 0.626 BTC (around $6,600) and 0.972 ETH (around $335). It seems that the auctioning company has set the starting price a little too high (up to 20% higher than the rates on common cryptocurrency exchanges), which is a bad call when selling crypto, hence receiving no bids published for the seized BTC and ETH at the time of posting. The auction will run until 16 October, which aims to entice those who look to buy Ethereum and Bitcoin.
To Buy and Sell Bitcoin and other cryptos, at great rates, head over to the most trusted Bitcoin Broker, BC Bitcoin 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