It is a great project, with a great team. It is essential for a large scale project. I was lucky to know it through a few of my friends' twitter share. I learned and got my appreciation for this project. It was great. I like the latter point. Exhaustive accounting records are audited by independent professional auditors to ensure the integrity of the trading platform.
The exchange aims to comply with all current applicable EU regulations, ensuring that assets never get seized or frozen.
Customer balances on liability must exactly match the inventory of coins held by the exchange. Blockchain.io aims to perform such a check balance and to publish its cryptographic proof at every block interval.