CoinDCX, an Indian crypto exchange, has announced new Terms of Use for its Indian users, starting from February 7, 2025. These new terms are aligned with Indian laws and regulations, ensuring the platform’s compliance with local needs and more transparency for users.
As per the announcement, any dispute arising from the use of CoinDCX’s services will be settled in India. Users are no longer required to seek legal recourse in foreign courts, and it will be handled under Indian jurisdiction.
CoinDCX also said that any claims will first go through mutual negotiation. However, if the claim is not resolved within 10 working days, then it will be addressed through binding arbitration in Mumbai. It underlined that all procedures would remain secret until needed by law.
CoinDCX operates under Neblio Technologies Private Limited, an Indian company with CIN: U74999MH2018PTC304533. The platform is registered with the Financial Intelligence Unit (FIU) of India under registration number VA00030982.
The company adheres to the Information Technology (Intermediaries Guidelines and Digital Media Ethics Code) Rules, 2021, ensuring compliance with India’s evolving digital regulations.
CoinDCX also advised users to consult professional advisors, tax consultants, or legal experts before making any financial decision. They also mentioned that the company is not responsible for any losses resulting from decisions based on professional advice.
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