According to the registered address on the website, the exchange will be based in Saint Kitts and Nevis, which is overseen by the FSRC Regulatory Commission.
The omission of any form of KYC procedure for the peer-to-peer element of the exchange is a maverick approach form Roger Ver’s team, especially in light of LocalBitcoins’ recent decision to remove cash listings while implementing strict KYC and AML protocols.
Upon launch, Bitcoin.com will be awarding early adopters of the exchange with prize draws and giveaways.
The prizes will include “negative 0.3% trading fees for the first three months (on up to $1,000,000 in trades)” and “25% off trading fees for pre-registering”.
There will also be $10,000 in Bitcoin Cash given away to one lucky user who has pre-registered and participated in trading upon launch.
Disclaimer: The views and opinions expressed by the author should not be considered as financial advice. We do not give advice on financial products.