Mudrex completes registration with FIU India along with VASP registration in European Union, expanding crypto compliance
It has also obtained an explicit certification from OAM in Italy to provide global compliant crypto services
Sub-head: It has also obtained an explicit certification from OAM in Italy to provide global compliant crypto services
Mudrex, a globally renowned crypto investment platform headquartered in Bengaluru and San Francisco, and backed by Y-Combinator has achieved successful registration in India and regulatory recognition in the European Union (EU). The company is now a registered reporting entity with the Financial Intelligence Unit (FIU) in India and holds the status of a Virtual Asset Service Provider (VASP) accredited by the Bank of Lithuania within the EU. Mudrex has also recently obtained its OAM (Organismo Agenti e Mediatori) certification in Italy. This milestone underscores Mudrex’s commitment to regulatory compliance in places that it operates.
Mudrex prioritizes the security of user data and transactions and has implemented rigorous measures to safeguard its platform. These include multi-factor authentication, SSL encryption, and other robust security protocols. Furthermore, all user funds held on the platform are insured through Lloyds of London.
With the evolving regulatory landscape surrounding cryptocurrencies, Mudrex places paramount importance on aligning its operations with the most stringent legal and financial compliance standards. The attainment of regulatory clarity in India and the EU positions Mudrex as a forerunner in ensuring compliance excellence within the cryptocurrency space. This accomplishment reflects the company’s dedication to transparency, security, and user trust, and it reinforces its commitment to fostering a safe and reliable environment for cryptocurrency investors worldwide.
Commenting on this, CEO and Co-founder Mr. Edul Patel, said, “Mudrex is now India’s most regulatory compliant company. We believe that by taking these proactive steps, we are ensuring our platform’s integrity, increasing trust with our users and also contributing to the broader adoption and acceptance of cryptocurrencies in the global financial system.”
About Mudrex
Launched in 2018, Mudrex has the vision of making crypto investing less risky and long-term so that ordinary investors can benefit from the massive wave of wealth creation. Founded by Edul Patel, Alankar Saxena, Rohit Goyal, Prince Arora the Y-Combinator backed enterprise has established a robust investing platform that can be used by both newcomers and seasoned investors. The US-headquartered and Bengaluru-based fintech startup aims to be the largest asset management platform for crypto.
