Opinion

How Compliance is the Motivator of Innovation for CoinDCX

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Compliance for CoinDCX is very important. This makes sure they stay true to our promises. Maintaining a compliant environment within the ecosystem of the organization helps make sure that the userbase is enjoying a seamless trading experience. That is not all, being a complaint organization also makes sure that CoinDCX provides a full-proof secure environment for all our traders and investors. 

Oftentimes it is believed that making sure an organization is compliant clashes with its innovative pathways. Rather the traditional ways see compliance as a bumper to slow down innovations and not something that solidifies the way ahead. What we often miss noticing is how the regulatory bindings will change the asset game forever! Keeping that in mind, it is always wise to maintain compliance as a core around which the innovations are structured. The very same method that CoinDCX has always maintained since its inception in 2018. 

The crypto space is touching various heights every day! It is expressing the various potential a decentralized ecosystem is capable of. Very frequently we see either any of the cryptocurrencies touching an ATH or the market maintaining a bullish journey for a week straight! The volatility of the space never lets a dull moment creep in. The exact reason why the community has grown exponentially in the last couple of years. What the growth also demands is an efficient relationship with the regulators and businesses that have been entrusted with the oversight of the crypto ecosystem. That starts by understanding the principles behind core compliance standards and demonstrating best efforts to meet or yet surpass those measures.

CoinDCX has been dedicated to the core compliance standards to ensure the continued seamless experiences for their customers in scenarios like today, i.e. when the government is working towards regulating the crypto space and are being asked questions regarding the security measures encrypted within the ecosystem. CoinDCX’s compliance activities are kept in place to detect and prevent any criminal attempts, monitor the health of the market overall, and so much more. The teams at CoinDCX are dedicated to onboard industry-best measures and tools to ensure compliance. All this is worked upon for a single reason. They want to protect their customers.

So, how does compliance motivate innovation at CoinDCX? Compliant measures like maintaining a KYC database and using software like Onfido ensures that the trades taking place within CoinDCX’s environment are foolproof. Blockchain technology, that made cryptocurrencies possible, has the potential to cater towards giving us financial compliance. Coupled with the same, the crypto space promised to bring financial evolution with decentralized systems. Keeping all these in mind since the beginning has put CoinDCX at an advantage. These pointers in mind have made it possible for them to rethink compliance and build products that are adaptable to the changes that may be are on their way. The safest crypto exchange in India; CoinDCX believes in working towards building a foundation for the next generation of compliance that can take advantage of all the features that blockchain has to offer. 

At present, CoinDCX is making sure that they are producing products that are in line with the compliant measures along with developing industry-best solutions to manage attempted financial crimes or fraudulent activities. The financial evolution is one thing that this generation will be lucky to experience. Blockchain technology, accessibility, the equity of financial services, and the decentralized ecosystem are very important next steps for the financial evolution of the world. CoinDCX believes in catering towards new innovations to the crypto industry. Naming compliance as the core of innovations let us sit tight and keep an eye out for the products in the CoinDCX pipeline! To know more, click here.

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