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CoinDCX joins Advertising Standards Council of India

CoinDCX, India’s most secure cryptocurrency exchange and first crypto unicorn, has joined the Advertising Standards Council of India (ASCI). ASCI is a self-regulatory body for the advertising sector. CoinDCX will actively promote the growth of advertising standards within India’s cryptocurrency and digital asset sector due to its membership. Therefore, boosting openness in communications and increasing public trust in the field.

Founder’s Statements

Sumit Gupta, CEO and Co-Founder of CoinDCX, stated:

“We are honoured to be a member of ASCI that safeguards consumers’ interests. The involvement reaffirms our commitment to ensuring our users’ safety and security and raising the bar for advertising transparency in the crypto space in India. This will boost confidence among the users, and they can use our platform without any apprehension. Being the safest crypto exchange, we have always gone the extra mile to ensure we are fully compliant with the laws and imbue credibility and trust in our service and products.”

CoinDCX: Pioneering Crypto Growth

CoinDCX, a pioneer in India’s crypto sector, has seen unprecedented development since its inception in 2018. They have been designing borderless financial services that enable a quicker, easier. Additionally, uninterrupted movement of funds to establish global financial inclusion via crypto-based goods. CoinDCX has aided clients in obtaining the security, insurance, and simplicity of purchasing and trading that they demand. Therefore, buying bitcoin is now a straightforward and pleasant process. CoinDCX has achieved unicorn status, becoming India’s first crypto unicorn start-up. This is thanks to a recent Series C investment round spearheaded by former Facebook co-founder Eduardo Saverin’s B Capital.

Talking about CoinDCX’s membership, Subhash Kamath, Chairman of ASCI, further stated:

“As ASCI steps into a digital age, the nature of advertisers and advertising is changing rapidly. We welcome members representing these new industries who believe in self-regulation.  Collaboration and consultation with all stakeholders are keys to navigating the consumer protection challenges posed in this digital age.”

CoinDCX was founded in 2018, and it already has over 3.5 million users. Additionally, it will now pursue its goal of making crypto available to 50 million Indians by accelerating its efforts to achieve this goal. Moreover, CoinDCX will keep increasing its specialised products on the investing and trading side as favourable emotions in the crypto industry rise this year.

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.