Big Eyes Coin Set To Soar Amid Treasury Committee Calling For UK Crypto Regulation

The May 17th report from the House of Commons Committee just dropped, revealing that UK's Treasury Committee has requested UK lawmakers to regulate crypto retail trading. The established UK Crypto Laws will regulate crypto retail trading as gambling.

UK Treasury Committee's decision came after a sequence of problems that have plagued the crypto market. Bitcoin and other cryptocurrencies using the Proof-of-Work (PoW) mechanism to mine crypto and make transactions have been blamed for contributing to severe levels of carbon dioxide emissions dangerous to the environment. Also, many altcoins have been managed by shady figures that centralize the tokens for pump-and-dump schemes.

However, the committee doesn't want to limit or suppress crypto entirely. They want the government to introduce an effective regulatory framework that mitigates harmful cryptocurrency and allows sustainable and reliable cryptocurrency to thrive.

''While we support financial innovation where there are potential benefits, the extent of the benefits crypto-asset technologies may bring to financial services in the future—and the areas in which the technologies may have the most impact—remains unclear. In the meantime, the risks posed by crypto assets to consumers and environment are real and present.'' - UK Parliament

Cleaning up the crypto industry will bring more attention to stablecoins such as Big Eyes Coin—which plans to bring ethical and sustainable practices to the crypto industry that don't pose a threat to investors and the environment.

At its surface, Big Eyes Coin (BIG) is represented by the cutesy art theme of cats. Its branding is playful and light-hearted in nature, with BIG's slogan to 'share the cuteness' by making transactions with BIG. The meme coin itself attracts positive attention with its aesthetic. However, at the coin's core, BIG is Ethereum based, using the Proof-of-Service (PoS) mechanism—making BIG energy efficient and environmentally friendly, unlike Bitcoin.

Big Eyes Coin is dedicated to solving social causes, with 5% of BIG's total supply being held in a charity wallet that grows alongside BIG scaling up. Donations go towards sustainable charities, including ocean sanctuaries—making sure cats get their delicious fish food!

Users seeking a strong community-led coin free from centralized corruption will find comfort with Big Eyes Coin, with 80% BIG tokens being held by the community on day one launch. Also, BIG received verification from Know Your Customer (KYC) that validated BIG's legitimacy as a secure cryptocurrency safe for investors.

Go BIG Or Go Home! 

Big Eyes Coin has been dedicated to learning from the mistakes of past cryptocurrencies to create a stablecoin that actively empowers the crypto community and supports the environment. With BIGs PoS mechanism, transactions will be fast with low-cost fees—BIG's technical prowess makes it a strong contender for future stablecoins—especially thanks to its ethical practices that make it safe from regulatory pressures. 

Right now, BIG is at its stage 3 price for a limited time, only $0.00017 per token. Early investors that see BIG positioned to survive and thrive from UK Crypto Regulations can purchase BIG before its pre-sale ends on June 3rd, 2023.

Click To Know More About The Big Eyes Coin (BIG)

Presale: https://buy.bigeyes.space/

Website: https://bigeyes.space/

Telegram: https://t.me/BIGEYESOFFICIAL

Instagram: https://www.instagram.com/BigEyesCoin/

Twitter: https://twitter.com/BigEyesCoin

Disclaimer : The above is a sponsored article and the views expressed are those of the sponsor/author and do not represent the stand and views of The Tribune editorial in any manner.