CJ - Cryptocurrency Enthusiast
Project Sango, a "crypto centre" in the Central African Republic, has been revealed. The idea includes a "crypto island" and a digital wallet, with the goal of attracting crypto aficionados from all around the world. The Central African Republic National Assembly launched Project Sango, which was backed by President Faustin-Archange Touadéra.
On May 24, a paper outlining Project Sango, also known as "The First Crypto Initiative," was posted on Facebook. A website called sango.org has also been launched, where visitors can donate money or sign up for a waiting list. Users receive a 24-page presentation explaining Project Sango's capabilities after registration.
The goal of Project Sango is to become Africa's first legal cryptocurrency investment hub. Second, Project Sango aspires to elevate the "Bitcoin heritage to new heights." Finally, Project Sango aspires to create "Sango," an actual "Crypto Island."
The presentation also goes through the project's several 'Calls to Actions.' Creating a wallet, digital identification and ownership solutions, tokenization solutions, and the Sango Metaverse ecosystem are among the several actions. Moreover, the President of the Central African Republic, Faustin-Archange Touadéra, tweeted on May 21 that he had huge intentions for trusted Bitcoin.
This information is quickly followed by another. In April 2022, the Central African Republic will make Bitcoin a legal tender. Herve Ndoba, the Central African Republic's Finance Minister, said the following.
The African country is also developing a legislative framework for the usage of cryptocurrencies, with the goal of outlining how residents can interact with digital assets.
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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