CoinDCX exchange joins ad regulator following Delhi high court notice
Mumbai-based crypto unicorn, CoinDCX, has become a member of the Advertising Standards Council of India, a non-governmental self-regulatory organization. Mumbai-based crypto exchange CoinDCX has reportedly joined the Advertising Standards Council of India (ASCI).In what seems like a response to Delhi Hight Court’s notice regarding ad disclaimers from crypto exchanges, CoinDCX intends to use this partnership to improve advertising transparency and stay off the radar of the Indian regulators. ASCI is a non-governmental self-regulatory organization that claims to favor consumer interests and....
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India’s Delhi High Court is looking to put a clear voiceover and a disclaimer covering 80% of the screen on crypto ads on national TV. Amid the ongoing regulatory uncertainty to cryptocurrencies in India, a high court in the country’s capital is taking action to regulate advertising by local crypto exchanges.The Delhi High Court has issued notices to local authorities and crypto firms in an effort to enforce guidelines for crypto exchanges advertising on national television, the New Indian Express reported Wednesday.The court is seeking responses from the Securities and Exchange Board of....
CoinDCX reached a $1.1 billion valuation by raising $90 million in a Series C funding round in August. India’s largest cryptocurrency exchange, CoinDCX, has no immediate plans for a public listing as the regulatory environment in the country remains uncertain.CoinDCX has no definitive route or clause as to when to go ahead with a potential initial public offering (IPO), the firm told Cointelegraph in an official statement on Nov. 29.“Any growing company aspires to take an IPO route in due course. We at CoinDCX also have similar aspirations. We would like to reiterate that there is no....
Indian crypto exchange, CoinDCX, finds itself in trouble, announcing a notable reduction in its staff by 12% this week. The decision comes after a stark decline in virtual currency trading revenues, emphasizing crypto platforms’ larger challenges, particularly in India. CoinDCX’s move to downsize aligns with a global trend where cryptocurrency trading platforms have experienced significant […]
CoinDCX users to stake on ETH 2.0 with as low as 0.1 ETH, the exchange says. CoinDCX, one of the largest cryptocurrency exchanges in India, is preparing its platform to support ETH 2.0 staking in anticipation of Ethereum 2.0 launch.As the first phase of Ethereum 2.0 is expected to come on Dec. 1, CoinDCX is now “all set” to introduce ETH 2.0 staking for the global crypto community, the exchange’s executives announced on Nov. 10.According to the announcement, CoinDCX’s smart contract-based solution will enable users to stake ETH with less than 32 Ether (ETH) — a minimum amount required to....
The U.K.’s advertising authority has sent an enforcement notice to more than 50 companies that advertise cryptocurrencies. “We will monitor for compliance and implement sanctions if we do not see improvements,” said the regulator. British Advertising Regulator’s ‘Red Alert’ Priority Issue The U.K. Advertising Standards Authority (ASA), the country’s regulator of advertising, announced Tuesday: We have issued an enforcement notice to over 50 companies which advertise cryptocurrencies, instructing them to review their ads and to ensure they....