CoinDCX is the largest crypto asset exchange in India. It came up with the announcement of their collaboration with RegTech and Coinfirm. It is about to deploy the award-winning AML platform of Coinfirm to strengthen the security of the crypto economy.

With the deployment of advanced AML/CFT analytics to combat money laundering and terrorism, this partnership ensures full compliance with Financial Action Task Force. Also, it is accompanied by supernational and national regulation, along with its countering of cybercrime points. Hence it is targeting the Ponzi scheme, proliferation financiers, and darknet market.

The Co-Founder of CoinDCX, Neeraj Khandelwal, said, “Being the largest cryptocurrency exchange in India, ensuring safety, security for our partners, and being compliant are imperative to us. Our association with Coinfirm has been an important step towards enhancing CoinDCX’s security infrastructure. This will also help us in eliminating the security concerns among the investor community. The aim is to create and nurture a safe crypto economy in India while mitigating the risks associated with investments in cryptocurrencies.”

CoinDCX is the forerunner in creating a much more sustainable and safer crypto economy. With its journey being started 3 years ago, it has already become the largest crypto exchange in India. It is owning a large and robust infrastructure and offers expansive currency. This exchange is also playing a much crucial role in driving industry dialogues so as to increase awareness.

According to Pawel Kuskowski, the CEO and co-founder of Coinfirm, they are viewing the acceptance of blockchain in India as a major step in the adoption of the said technology. CoinDCX has been empowering this journey since its start. With RegTech, this effort will continue to retain its best security against all instances of money laundering, terrorism financing, and fraud.

Coinfirm, on the other hand, provides a full suite of solutions to the exchanges, which automate and streamlines anti-money laundering. It enables entities like CoinDCX to fulfill the regulatory requirements and to do it more effectively and efficiently. This includes risks and data points produced from financial crimes, along with real-time monitoring of assets. Also, it includes the investigation and tracking of illicit funds, along with the customization of the AML Platform’s red flags for mitigating the false positives.

Leave a Reply

Your email address will not be published. Required fields are marked *

The following GDPR rules must be read and accepted:
This form collects your name, email and content so that we can keep track of the comments placed on the website. For more info check our privacy policy where you will get more info on where, how and why we store your data.

Play Games for Bitcoins or $/€

Read Full Review at