By Tyler - Crypto Broker - 02-12-2021
In the face of regulatory resistance at home, US corporations are pushing to establish crypto market investment products in European countries. In an attempt to avoid the regulation laws in the US, WisdomTree, based in the US, has launched a crypto ETP on EuronextNEWS. WisdomTree, an asset management firm, has recently launched a new listing for its crypto basket exchange-traded asset. The newly released crypto product indicates that businesses located in the United States are now launching cryptocurrency assets to the European market.
The recently launched investment product is currently trading under the name MEGA and has so far been made available to Paris and Amsterdam in Euronext as of December 2. The exchange-traded product (ETP) that was brought out in Europe is WisdomTree’s Crypto Mega Cap Equal Weight ETP. According to WisdomTree, MEGA is backed by already established cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH). When MEGA was first released, it was initially listed on Deutshe Boerse and the Swiss SIX exchange back in November. ETP’s provide investors with a safe and secure way to buy crypto-based assets.
ETP’s can also be cost-efficient and be more affordable for investors. Aside from MEGA, an investment alternative is WALT, an ETP for investors who have already were already buying crypto-mega ETP product. Both WALT and MEGA had been listed on Boerse Xetra and SIX in late November 2021.
If you are looking to Buy and Sell cryptocurrency, then you can head over to BC Bitcoin where you can safely buy cryptocurrency 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