CoinDCX, the favored India-based crypto change, introduced right now that it has chosen crypto-native threat monitoring agency Solidus Labs as a strategic compliance companion. With the purpose to guard its customers from identified types of market abuse and rising crypto-specific dangers, partnering with Solidus will allow CoinDCX to forge larger belief and transparency on its platform.
Going ahead, every transaction can be monitored on CoinDCX utilizing Solidus Labs’ machine-learning detection fashions, and state-of-the-art connectivity infrastructure to establish suspicious exercise. This ensures end-to-end monitoring and surveillance of person exercise—from fiat deposits, buying and selling transactions, and crypto withdrawal deposits—in opposition to fraudulent transactions on CoinDCX’s platform.
Designed to fulfill crypto’s distinctive threat monitoring challenges, regulation, and licensing necessities, Solidus Labs’ Market Integrity options are constructed natively for crypto transactions, offering exact and holistic detection and reporting to promptly detect, examine, forestall and report anomalous actions.
“Particularly in right now’s technology-entrenched world, countering illicit actions requires harnessing the newest world-class digital options from main trade gamers equivalent to Solidus Labs. In our long-term efforts to take care of the very best requirements of screening and due diligence, CoinDCX is dedicated to bolstering compliance options on our platform.”
– CoinDCX Co-Founder, Neeraj Khandelwal
This partnership with Solidus Labs enhances CoinDCX’s compliance with the Monetary Motion Process Drive’s (FATF) suggestions, reinforcing its present place to counter cash laundering and fight the financing of terrorism. CoinDCX’s present AML/CFT analytics can be built-in into the Solidus Labs market integrity hub, enabling the administration of all dangers in a single place.
“We’re proud to affix forces with a crypto powerhouse equivalent to CoinDCX and make inroads into the Indian market, guaranteeing the utmost requirements of market integrity and investor safety obtainable, with out compromising progress.”
– Solidus Labs Co-Founder & CEO Asaf Meir
Lately, CoinDCX introduced that it has over 10 million customers on its platform. The change contains the CoinDCX app, CoinDCX Professional for knowledgeable merchants, and CoinDCX Prime for HNIs and establishments.