The Danish cryptocurrency exchange we covered last week, CCEDK,launched Monday. To promote the exchange’s commitment to “transparency as thenew way of doing business,” founder Ronny Boesing made available a startingvolume of 1000 bitcoins.
CCEDK leans on its Danish jurisdiction, and that country’sculture, to reassure users of its security and transparency.
“Our strongest selling point will be that clients will knowwhere we are, that the jurisdiction Is Danish, and that there’s completetransparency,” Boesing told Businessweek recently. “We link to our lawyer onour website in case anyone feels they need one.”
At launch, available currencies include BTC and LTC as wellas fiat currencies DKK, EUR, USD, GBP and NOK.
In a statement, Boesing noted Denmark’s financial stabilityand “zero corruption.”
“I think it is therefore fair to say that the legalenvironment could well be a crucial factor to define the present as well as thefuture climate of the crypto market, and in particular for a country likeDenmark, as it is now one of the few countries in the world with little to norestrictions towards cryptocurrencies.”
According to BitLegal, “Denmark does not have a series oflaws or regulations tailored to Bitcoin and virtual currency.” The governmentis on record saying Bitcoin is “legal for trade” and in March said that Bitcoinrevenue was not subject to taxation (source, in Danish).
Boesing also emphasized the exchange’s transparency bymentioning its reserve fund: 30% of its revenue will be set aside as reserves,“visible on the platform and updated accordingly.”