CoinDCX, one of India’s leading cryptocurrency exchanges, has introduced new Terms of Use for its Indian users, effective from February 7, 2025. These updated terms are designed to align with Indian laws and regulations, ensuring the platform’s compliance with local requirements and enhancing transparency for its users.
The key change in the new terms is that any disputes arising from the use of CoinDCX’s services will now be handled within India, rather than requiring legal action in foreign courts. This shift ensures that all legal matters are governed by Indian jurisdiction.
In the event of a dispute, CoinDCX has outlined a process for resolution. Claims will initially undergo mutual negotiation, and if unresolved within 10 working days, they will proceed to binding arbitration in Mumbai. The company emphasized that all procedures would remain confidential unless disclosure is mandated by law.
CoinDCX operates under Neblio Technologies Private Limited, a registered Indian company with CIN: U74999MH2018PTC304533. The platform is also registered with India’s Financial Intelligence Unit (FIU) under registration number VA00030982.
CoinDCX adheres to the Information Technology (Intermediaries Guidelines and Digital Media Ethics Code) Rules, 2021, reflecting its commitment to following India’s dynamic digital regulations.
The company also recommended that users consult with professional advisors, tax consultants, or legal experts before making any financial decisions. CoinDCX clarified that it does not take responsibility for any losses resulting from decisions based on professional advice.
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