CoinDCX

CoinDCX Will Support the (IPVERSE) IPV Token Swap.

Dear CoinDCX Users,
Timeline
Spot :
At 9:00 AM (IST) on 2024-1-22 CoinDCX will delist existing (IPVERSE) IPV Token spot trading pairs : IPV/USDT and cancel all pending spot trade orders. In addition, CoinDCX will remove (IPVERSE) IPV from the list of supported cryptocurrencies on CoinDCX.
At 2024-1-22 09:30 PM (IST) Snapshots of user’s positions will be taken, after all orders are cancelled.
Details of Token Swap:
User’s IPV will be converted to new IPV tokens on a 1:0.00017851  basis.

The resumption of trading of BORG tokens will be released in the following announcement. CoinDCX will make a separate announcement after the rebranding is complete to notify users.

 

CoinDCX reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice. The above is for information purposes only and CoinDCX makes no recommendations or guarantees in respect of any virtual asset, product, or promotion on CoinDCX.

 

Regards,
Team CoinDCX

You are Safe with FIU-Compliant CoinDCX

Key Takeaways:

  • The Financial Intelligence Unit of India (FIU-IND) issued a compliance notice yesterday against nine offshore exchanges for non-compliance with the Prevention of Money Laundering (PML) Act, India [official announcement].
  • CoinDCX is the first crypto asset exchange to be an FIU-registered entity, making us fully compliant with the PML Act of India. Your funds are safe with us
  • To further ensure a safe and compliant crypto trading and investment experience, we will enable crypto deposits for all users of CoinDCX.

Read the full announcement:

Dear Community

The Financial Intelligence Unit of India (FIU-IND) issued an important compliance notice yesterday against nine offshore exchanges for operating without complying with the Prevention of Money Laundering (PML) Act, India [official announcement]. This development highlights the growing importance of regulatory compliance in India’s evolving crypto landscape.

At CoinDCX, we have always championed a robust, transparent regulatory framework that safeguards and enhances your investment experience. We are the first crypto asset exchange to be an FIU-registered entity, making us fully compliant with the PML Act of India. We lead the way as the first Indian exchange to publish Proof of Reserves (POR), ensuring complete transparency of your assets. We are committing to international security excellence and are certified with ISO/IEC 27001:2022. We also provide a 2-minute crypto tax filing solution that offers a quick, secure, and compliant way to manage your tax reporting.
These achievements are not just ours, but yours too, as our esteemed customer who values safety and compliance as much as we do.

We would like to reassure you that your funds are completely safe with us and that we commit to continue providing you uninterrupted access to deep liquidity for Futures, Spot, Margin, Earn, and other products. 

To provide you with a safe and compliant crypto trading and investment experience, we will enable crypto deposits for all users of CoinDCX. Stay tuned! Thank you for all the support. In case you have any queries, please reach out to us. 

Regards
Team CoinDCX

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CoinDCX Will Support the CHSB (SwissBorg Token) Rebranding to BORG (SwissBorg Token) | 16 October 2023

Dear CoinDCX Users,

Timeline:
At 10:30 AM (IST) on October 16th 2023. CoinDCX will delist existing CHSB (SwissBorg Token) spot trading pairs : CHSB/USDT and then cancel all pending spot trade orders. In addition, CoinDCX will remove CHSB  from the list of supported cryptocurrencies on CoinDCX Pro App.
At 9:30 PM (IST) on October 16th 2023 Snapshots of users’ positions will be taken, after all orders are canceled.

Details of Token Swap:
CoinDCX will recover all CHSB balances, and begin the distribution of  BORG tokens to all eligible users at a ratio of 1:1 basis
The resumption of trading of BORG tokens will be released in the following announcement. CoinDCX will make a separate announcement after the rebranding is complete to notify users.

CoinDCX reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice. The above is for information purposes only and CoinDCX makes no recommendations or guarantees in respect of any virtual asset, product, or promotion on CoinDCX.

Regards,
Team CoinDCX

Ethereum Shanghai Upgrade

What and when is this?

    • It is scheduled on 12th April 2023
    • Biggest Ethereum upgrade since The Merge that happened in September 2022.
    • Users will finally be able to un-stake ETH and withdraw ETH rewards.

What does this mean for Ethereum?

    • Makes Ethereum a true proof-of-stake chain since stakers and validators will now be able to unstake ETH themselves instead of relying on liquid staking derivatives like Lido and Rocketpool.
    • Reduce gas fees for layer-2 solutions running on top of Ethereum, for example, Polygon, Optimism, make it even cheaper to transact on the Ethereum blockchain.

Final take

This could turn out to be bullish for Ethereum over the long term, as it allows more players to join the network. In the near term, there may be a sell pressure as $34Bn locked staked ETH will enter the market that could lead to some corrections. But if the market is still bullish, it may be easily absorbed by the new buyers

 

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Disclaimer:
Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The Content is for informational and educational purposes only. The Content is not an offer, or solicitation of an offer, to invest in, or to buy or sell any interest or securities or virtual digital assets or to participate in any investment or trading strategy.The Content or any part of it is not legal, financial, investment or tax advice.  The  calculations,  data,  risk return  formulations,  performance  or  market  capitalization  indicators  are based on  the  independent  data  sourced  by  CoinDCX  or  third  parties.  Past  performance is  not  indicative  of  any future results.

 

Making India’s VDA Ecosystem More Transparent and Compliant | TDS Update

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