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The Danish cryptocurrency exchange we covered last week, CCEDK, launched Monday. To promote the exchange’s commitment to “transparency as the new way of doing business,” founder Ronny Boesing made available a starting volume of 1000 bitcoins.
The Danish cryptocurrency exchange we covered last week, CCEDK,
launched Monday. To promote the exchange’s commitment to “transparency as the
new way of doing business,” founder Ronny Boesing made available a starting
volume of 1000 bitcoins.
CCEDK leans on its Danish jurisdiction, and that country’s
culture, to reassure users of its security and transparency.
“Our strongest selling point will be that clients will know
where we are, that the jurisdiction Is Danish, and that there’s complete
transparency,” Boesing told Businessweek recently. “We link to our lawyer on
our website in case anyone feels they need one.”
At launch, available currencies include BTC and LTC as well
as fiat currencies DKK, EUR, USD, GBP and NOK.
In a statement, Boesing noted Denmark’s financial stability
and “zero corruption.”
“I think it is therefore fair to say that the legal
environment could well be a crucial factor to define the present as well as the
future climate of the crypto market, and in particular for a country like
Denmark, as it is now one of the few countries in the world with little to no
restrictions towards cryptocurrencies.”
According to BitLegal, “Denmark does not have a series of
laws or regulations tailored to Bitcoin and virtual currency.” The government
is on record saying Bitcoin is “legal for trade” and in March said that Bitcoin
revenue was not subject to taxation (source, in Danish).
Boesing also emphasized the exchange’s transparency by
mentioning its reserve fund: 30% of its revenue will be set aside as reserves,
“visible on the platform and updated accordingly.”
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