In a sea of crypto exchanges, Mudrex stands out as a simple, easy-to-use investment platform. It makes crypto investing accessible to everyone.
Buying or selling cryptocurrencies in India is 100% legal. In 2020, the Supreme Court lifted the RBI’s ban on crypto transactions, opening doors for platforms like Mudrex. And there’s a robust regulatory framework on the way.
Is Mudrex Legal?
Yes, Mudrex is operating legally within the current regulatory framework. To navigate the dynamic crypto landscape, Mudrex has prioritized compliance. Here are key compliance points for Mudrex:
- Financial Intelligence Unit (FIU) registration: Mudrex is registered with the FIU in India. This means it’s required to identify and report any suspicious transactions to the authorities. It also shows its commitment to transparency and anti-money laundering practices.
- Know Your Customer (KYC) norms: Mudrex is required to collect identity information about its customers as a legal crypto company in India. This includes their full names, PAN, and Aadhaar details.
- Appointment of a Principal Officer: Mudrex has a dedicated Principal Officer responsible for ensuring compliance with the regulatory requirements of the Prevention of Money Laundering Act (PMLA).
Is Mudrex Safe?
Mudrex prioritizes security in online trading, insuring funds with Lloyd’s of London, utilizing AES 256 encryption, and implementing multi-layered authentication. This brief overview assures users of a reliable and secure platform for financial activities.
Insured Funds: All funds deposited on Mudrex are insured by Lloyd’s of London, a globally recognized leader in insurance, offering ultimate financial protection.
State-of-the-Art Encryption: All data is secured with AES 256 encryption, the same standard used by banks and governments, guaranteeing confidentiality and integrity.
Multi-Layered Authentication: Secure your account with two-factor authentication (2FA) and email confirmation for every transaction, adding an extra layer of protection.
Learn more about safety of your funds in mudrex
Mudrex: Embracing Compliance, Prioritizing Transparency
Various crypto exchanges out there allow you to buy and hold crypto. However, exchanges are designed for traders, which can be overwhelming for folks who just want to invest and forget.
This is where Mudrex comes in. Mudrex was born from a passion for demystifying crypto investing, making it accessible to everyday folks. We wanted to be the bridge that connects people to the transformative potential of blockchain and cryptocurrency tech. Fast forward six years and Mudrex now stands tall as the world’s largest crypto index investing platform with over one million users.
Conclusion
Mudrex is legal in India. Given the recent government warnings to nine offshore exchanges, including Binance, Mudrex has become an appealing platform to consider switching to.
Frequently Asked Questions (FAQs)
Q. Is Mudrex legal in India?
A. Yes, Mudrex is wholly legal in India, and it complies with all government regulations for crypto service providers. Notably, it is registered with the FIU.
Q. Is Mudrex FIU-compliant?
A. Yes, Mudrex is an FIU-registered entity, and as such, it has an anti-money laundering (AML) policy in place.
