CoinDCX, a leading Indian cryptocurrency exchange, has updated its Terms of Use for users in India, effective from February 7, 2025. The revised terms are designed to align with Indian laws and regulations, offering greater transparency and ensuring the platform’s compliance with local requirements.
According to the announcement, any disputes arising from the use of CoinDCX services will now be handled within India, eliminating the need for users to seek legal recourse in foreign courts. All legal matters will fall under Indian jurisdiction.
The company clarified that any claims will initially undergo mutual negotiations. If unresolved within 10 working days, the dispute will proceed to binding arbitration in Mumbai. CoinDCX emphasized that all arbitration procedures would remain confidential unless required by law.
CoinDCX operates under Neblio Technologies Private Limited, a registered Indian entity (CIN: U74999MH2018PTC304533), and is also listed with the Financial Intelligence Unit (FIU) of India under registration number VA00030982.
The platform ensures compliance with the Information Technology (Intermediaries Guidelines and Digital Media Ethics Code) Rules, 2021, to adhere to India’s evolving digital regulations.
Additionally, CoinDCX advised users to seek guidance from professional advisors, tax consultants, or legal experts before making financial decisions, stating that the company is not liable for any losses resulting from reliance on such advice.
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