CoinDCX, a prominent cryptocurrency exchange in India, has rolled out new Terms of Use for its Indian users, effective February 7, 2025. The updated terms aim to align the platform with Indian laws and regulations, ensuring compliance and increasing transparency for users.
A key change is that any disputes arising from the use of CoinDCX’s services will now be handled within India. Users are no longer required to pursue legal action in foreign courts; instead, such matters will fall under Indian jurisdiction.
The platform stated that any claims will first go through a process of mutual negotiation. If the issue remains unresolved within 10 working days, it will proceed to binding arbitration in Mumbai. CoinDCX emphasized that all arbitration proceedings will remain confidential unless disclosure is required by law.
CoinDCX operates under Neblio Technologies Private Limited, an Indian company with CIN: U74999MH2018PTC304533. The platform is also registered with India’s Financial Intelligence Unit (FIU) under registration number VA00030982. Additionally, CoinDCX adheres to the Information Technology (Intermediaries Guidelines and Digital Media Ethics Code) Rules, 2021, to ensure compliance with India’s evolving digital regulations.
In its advisory, CoinDCX recommended that users consult professional financial advisors, tax consultants, or legal experts before making any decisions, clarifying that the company is not liable for any losses resulting from such advice.
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