CJ - Cryptocurrency Enthusiast
Binance, the largest cryptocurrency exchange in the world based on trading volume, has announced the creation of its new Global Advisory Board, according to a blog post the business just published (GAB). The Global Advisory Board will prioritize advancing Web3 technology and addressing regulatory issues.
Eminent individuals who are experts in public policy, government, finance, economics, and corporate governance make up the board. The most recent meeting of the Global Advisory Board was presided over by Max Baucus, a former senator from the United States and ambassador to China, and it was held in Paris, France. According to the blog post, Binance must rely on its expertise, varied experiences, and backgrounds to help the firm successfully navigate such a dynamic industry considering how quickly Web3, cryptocurrency, and blockchain technology are developing.
The business said that they have continued to place a strong emphasis on developing compliance solutions that protect the interests of Bitcoin users while maintaining a fast pace of innovation that benefits society.
The CEO and founding member of Binance, Changpeng Zhao, stated "Through my experiences at Binance and the industry, I've engaged with leaders, regulators, and businesses across a wide variety of sectors. It has given me a lot of information, but humility is one of the principles of our company.”
As crypto adoption is growing, there is a need for trusted cryptobrokers. One of them is BCBitcoin – a cryptocurrency exchange platform where you can buy and sell cryptocurrency against major fiat currencies: GBP and EUR.
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