While a few governments have a momentary ban on cryptocurrency
exchanges, most national agencies such as the SEC in the US and the AMF
in France are seeking to define a regulatory framework for
cryptocurrencies and ICOs. Gibraltar has introduced the world’s first
regulations for ICOs and Japan has licensed exchanges while considering, like Estonia, issuing state-sponsored tokens for specific uses.
Being based in France, we are taking the necessary steps in full
European compliance. Paymium.com — our parent company — is, to the best
of our knowledge, the only crypto exchange whose financial accounts are
fully audited by an external auditor with a European title equivalent to
an American CPA. This is done on a voluntary basis and conforms to
European Banking requirements for anti-money laundering (AML) and
know-your-customer (KYC) procedures. In addition, Paymium is in full
compliance with the now implemented GDPR European regulations.
Expanding on compliance, consider the following:
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Blockchain.io accounting records are audited by independent professional auditors to ensure the integrity of our trading platform
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Blockchain.io aspire to maintain compliance with all current and future applicable EU regulations, ensuring that assets are never seized or frozen
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And on the liability side, customer balances must match exactly
the inventory of coins held by the exchange. We will continually
perform balance checks and we will publish its cryptographic proof at
each block interval.
Paymium.com is registered with the ACPR, France’s premier independent
administrative authority — monitoring the activities of banks and
insurance companies. In addition, the BCIO Token Sale is
registered with the SEC.
Finally, Blockchain.io will register for a Broker-Dealer license with
the SEC following the token sale to enable trading of security tokens.
