CoinDCX and ASCI try to improve the trust and honesty of India’s fast-growing cryptocurrency and digital industry.
The process occurs after the crypto changes in India, which are WazirX, CoinSwitch Kuber, and CoinDCX, have been placing in the country when it comes to advertising.
CoinDCX, India’s safest crypto exchange, and the first crypto unicorn have entered the Advertising Standards Council of India, a self-regulatory organization of the advertising industry. With this membership, CoinDCX will actively support the advancement of advertising standards within India’s cryptocurrency and digital asset industry thereby raising transparency in communications and building public confidence in the space.
Last month, a notice by the Delhi High Court had ordered Indian markets to add standardized disclaimers to their ads in response to an appeal that charged the currency disclaimers are too small to read.
Now, the Advertising Standards Council of India, a self-regulatory organization of the advertising industry, has joined hands with CoinDCX to think over regulations to build clarity in crypto advertising.
With this association, CoinDCX will support advanced advertising standards within India’s cryptocurrency and digital asset industry by raising transparency in communications and enhancing public confidence.
Sumit Gupta, CEO of CoinDCX, said, It was a great pleasure to be a member of ASCI that safeguards consumer’s interests. The relationship will be maintained, and the responsibility to assuring safety and security for users and raising the scale for advertising in the crypto space in India. It will boost confidence among the users, and they can use the platform without any insight. Being the most reliable crypto exchange have always gone the extra mile to assure that we are fully obedient to the laws, and honesty and trust about service and products.
Subhash Kamath, Chairman of ASCI said, The nature of advertisers and advertising is changing rapidly as ASCI moves into the digital age. Joining the members describing these new industries who believe in self-regulation. Collaboration and discussion with all stakeholders are keys to operating the consumer protection challenges in this digital age.
CoinDCX, founded in 2018, has now onboarded more than 3.5 million users. It will bring forward the vision of creating crypto available in India and stimulate its efforts towards bringing 50 million Indians into crypto. With the growing opinions in the crypto space, CoinDCX will continue to balance its products on investments and trading.
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