As the crypto markets pick up with increasing global interest in cryptocurrencies as the regulating authorities around the globe start cleaning up the murky waters that have been the crypto space in the past, EUCX has has been making great strides of its own.
The past week has been one with tremendous progress with with two new advisors joining EUCX, our meeting with the De Nederlandsche Bank (DNB), a new coin listing and the launch of the EUCX token sale website.EUCX LISTS ECA
After our thorough and deliberate Quality Assurance process we are pleased to announce that ECA would be one of our listing assets on launch at EUCX. The Electra blockchain is a peer-to-peer payments coin built on performance, security and cost-effective fees.
The
ECA_Foundation has been fully transparent and has displayed strong fundamentals.
All their transactions are recorded and available for public use as per Dutch law.
Established on October 9th, 2018
ECA Foundation Address: EYPFYiy3gkS7ENJ8zFfctMXrFdiBggh2Fc
Official name: Stichting Electra Project
Trade name: Electra Foundation
Dutch Chamber of commerce number: 728 22120
Address: Zilverenberg 36, 5234 GM ‘s-Hertogenbosch
Further details about the trading pairs would be announced later this year.
NEW EUCX ADVISORS
EUCX is pleased to announce that Joni Leimala and Robert Bakker would be joining EUCX as advisors.
Joni Leimala @jleimala is the CEO of AdCoinHQ and board member of the
European Blockchain Foundation. Joni brings along years of experience in the field of advertising and VC funding. His professional career has included tasks such as entrepreneurship, university lectures, public speaking, technology ventures, authoring a book, consultancy, marketing for MNCs and architecting corporations.
Robert Bakker @RobertSB84 is a board member and treasurer of the ECA Foundation. Robert will be guiding us on our implementation of PSD2 and MiFIDII and further solidifying our regulatory compliance and governance.
REGULATIONS
On April 16th, we had a meeting with the De Nederlandsche Bank (DNB), which is the Central Bank of the Netherlands. We discussed the upcoming AML regulations and regulations for exchanges and how the crypto space needs to be cleaned for it to mature.
https://twitter.com/eucx_eric/status/1118105471947296768While other exchanges go out of their way to avoid regulatory oversight. We at EUCX do the opposite by actively complying with current financial laws on both a national and European level and seeking and staying in close discourse with regulators and the proper authorities.
In February 2019, EUCX founders were part of a delegation of the European Blockchain Foundation (EBF) to speak to members of the Dutch Parliament.
https://www.cryptolinenews.com/regulations/ebf-met-with-dutch-parliament-to-push-forward-with-regulation/In March 2019, EUCX met with the Netherlands Authority for the Financial Markets (Dutch: Autoriteit Financiële Markten). and De Nederlandsche Bank (DNB) in order to properly prepare for, and work together on, the upcoming regulatory framework (AML5) that will apply to cryptocurrency exchanges and brokers in Europe.
EUCX could be the first exchange to be granted a DNB permit before 2020.
Cryptocurrency in general is a revolutionary system, which has seen such unprecedented growth over the past few years, that it has left the lawmakers lagging behind.
We believe that by actively engaging with the governments, helping them understand the space, while at the same time guiding them in forming regulations, we can finally elevate cryptocurrencies to the level of a serious financial product and enable customers to hold exchanges and other such central brokers accountable for their activities.
This means that the end users would also need to abide by KYC in an attempt to counter money laundering while the exchanges would find it very hard to stay on the right side of the law if they engage in illicit trade practices like market manipulation, wash trading, money laundering etc.
It’s no surprise that blockchain technology and cryptocurrencies are the future and are here to stay, and only with regulation and compliance would we weed out the rotten apples from the crypto space making it safer for everyone, once and for all.
The new laws will go into effect on January 1st, 2020.EUCX TOKEN SALE WEBSITE IS NOW LIVE
The EUCX token sale website is now live at
https://eucx.io/Our
public presale commences from 1st May, 2019 and runs till 30th June, 2019.
The price per token during the public presale would be 0.00015 ETH/EUCX.
Individuals participating in the public presale would receive a 25% discount over the public sale price and can avail 6666 EUCX/ETH* contributed.
Our
public token sale will run from the 1st of July to the 31st of August.
The price per token during the public presale would be 0.0002 ETH/EUCX.
Individuals participating in the public sale would be receive 5000 EUCX/ETH contributed.
All participants must undergo our standard KYC to be eligible for participating in the upcoming EUCX token sale. Join our official
community telegram and follow us on
twitter to stay upto date on our latest developments.
