The European Cryptocurrency Exchange (EUCX) has been added to the Securities Exchange Commission (SEC) EDGAR database. The EUCX team is now taking steps to gain SEC approval to include the United States in the list of regions that can conduct business with the European Cryptocurrency Exchange.
When asked why the EUCX had decided to apply formally to be included in the SEC database, The EUCX managing director shared some insights for his peers.
“The SEC is run by people, just like you and me. They’re not evil. Talking to them like actual human beings really helps. Working through tedious procedures that seem like a hassle to many is simply part of the job as an entrepreneur in the cryptosphere. My advice would be: Don’t be scared. Call them. Ask them what they would like to see from you. Now, even though an EDGAR registration does not yet indicate SEC compliance or approval, it’s the first step towards a Reg D filing or perhaps even an S-1 filing — who knows?” said Eric H. den Boer, managing director of the European Cryptocurrency Exchange.
The EUCX aims to offer its exchange services to a global user base while maintaining compliance with all regulations for each territory. The EUCX team alleges that North America and Asia are the two highest ranked in terms of volume for cryptocurrency exchanges and that EUCX has expressed its goal to bring a competitive edge to the industry, especially for the leading regions on the globe.
“We believe we will be appreciated by the Western market, as well as the Eastern, because we cater to both styles,” said Dennis Oosting, marketing director for the European Cryptocurrency Exchange.
The EUCX will offer cryptocurrency exchange services relevant to professional traders and what they perceive to be “high-value clientele.” They will focus on the European demographics first, then the EUCX team plans to branch out to the Eastern and Western parts of the world.