CoinDCX, a leading cryptocurrency exchange in India, has rolled out updated Terms of Use for its Indian customers, effective from February 7, 2025. The new terms aim to align the platform’s operations with Indian laws and regulations, ensuring greater compliance and transparency for users.
As part of these updates, CoinDCX has clarified that any disputes arising from its services will now be subject to Indian jurisdiction, meaning users will no longer need to seek legal recourse in foreign courts.
In the event of a claim, CoinDCX will first attempt to resolve it through mutual negotiation. If a resolution is not reached within 10 working days, the issue will proceed to binding arbitration in Mumbai. The platform emphasized that all arbitration processes will remain confidential unless required by law.
CoinDCX operates under Neblio Technologies Private Limited, registered in India, and is compliant with the Financial Intelligence Unit (FIU), holding the registration number VA00030982. The platform adheres to the Information Technology (Intermediaries Guidelines and Digital Media Ethics Code) Rules, 2021, ensuring full compliance with India’s evolving digital regulations.
Additionally, the exchange advised users to seek guidance from professional advisors, tax consultants, or legal experts before making financial decisions. CoinDCX also stated that it is not liable for any losses incurred as a result of decisions based on external professional advice.
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