By Max S - Cryptocurrency Speculator - 02-10-2021
Whether you are part of the cryptocurrency trading industry/community or not, everyone knows that Elon Musk is a massive fan of investing in cryptocurrency. In saying that, we have seen a couple of side steps with the CEO of Tesla and SpaceX, as Musk previously stated that Tesla would no longer accept Bitcoin (BTC) investments until the crypto asset becomes more environmentally friendly. But ever since, we have seen Musk move forward with larger-scale crypto plans such as sending Dogecoin (DOGE) to the moon.
The CEO has proven further that he is cryptocurrency's number one fan in recent news as he stated that nothing would get rid of the industry. Since the aftermath of China's crypto crackdown, Elon Musk made a statement that if crypto could bounce back after a significant fall like that, then nothing can destroy it. When attending the Code Conference held in Beverly Hills this past week, Musk warned bank regulators that they would be wise to avoid attempting to stymie crypto development.
When Musk was questioned whether or not the US government should begin regulating the crypto sector, the CEO responded that though the government cannot destroy cryptocurrency, they could try to stifle innovation. He believes that it is impossible to kill crypto, but the government could only "slow down its advancements" with much effort. Musk further went on to say that he recommends for the US government to simply "do nothing", stating that this is the best advice he could provide.
If you are looking to Buy and Sell Bitcoin, then you can head over to BC Bitcoin where you can safely buy DOGE and other altcoins 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