By Lewis - Cryptocurrency Enthusiast - 27-09-2021
Reportedly, the case between the Securities and Exchange Commission (SEC) and Ripple (XRP) has been continuing its fiery journey in court. According to the SEC, Ripple is being charged with over $1 billion worth of unregistered securities. The court case against Ripple has gathered a lot of attention in the media, becoming a highly talked about topic amongst those who invest in cryptocurrency.
The CEO of Ripple, Brad Garlinghouse, had announced to its fans that the SEC had not given any clarity regarding crypto regulation. Garlinghouse further stated the SEC has forgotten what its goals were when it comes to safeguarding investors. Even though the SEC continues its court case with the crypto company, Ripple still provides services and is selling XRP. Many other authorities in other nations have to take their safeguards into consideration and further strengthen them to protect themselves from some digital assets.
Ripple is an open-source platform that allows developers and businesses to create payment solutions using the XRP Ledger. XRP is a cryptocurrency with a strong use case for cross-chain payments. XRP provides affordable, low-cost transactions while being a reliable, fast, and secure blockchain platform. The price to buy XRP has dropped in the last few days to $0.92, but this price is still up massively in comparison to when the lawsuit started. The SEC began the case in December 2020 when XRP's price was worth around $0.50.
If you are looking to Buy and Sell cryptocurrency, then you can head over to BC Bitcoin where you can safely buy 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