There’s no getting around it: the bitcoin community was burned badly earlier this year when Tokyo-based Mt. Gox collapsed. Those who lost money felt it more so, but even enthusiasts not directly involved have felt first-hand effects of the negative spotlight it put on the digital currency.
Since then, there’s been no shortage of doubts placed on today’s bitcoin exchanges — with all major institutions going so far as to prove their solvency.
But a soon-to-be-launched Danish bitcoin exchange is hoping to win clients over with their promise of maximum security and a “crime-free” environment.
CCEDK Crypto Coins Exchange Denmark ApS, as they’re known, will allow uses to trade both bitcoin and litecoin in exchange for Danish and Norwegian Kroner, Pound Sterling, U.S. Dollars, and the Euro.
The exchange will reportedly operate as if they were regulated by actual regulators.
“Our strongest selling point will be that clients will know where we are, that the jurisdiction is Danish and that there’s complete transparency. We link to our lawyer on our website in case anyone feels they need one,” said Ronny Boesing, the exchange’s CEO.
While many exchanges don’t go light on the talk, this particular exchange is putting their money where their mouths are and is said to be planning to set aside thirty percent of revenues to create a doomsday fund.
That is, it something catastrophic were to happen at the exchange, there would be funds to at least partially cover losses endured by the investor base.
“The only way people will be able to lose money on our exchange is as a result of an investment loss. They’re protected from criminal acts,” says Boesing.
The exchange is planning to open its doors this month.
[textmarker color=”C24000″]Source[/textmarker] Bitcoin Examiner