Crypto exchange company CoinDCX, has partnered with the Advertising Standards Council of India (ASCI), to support the advancement of the industry body in promoting cryptocurrency for various transactions.
The partnership is aimed at promoting transparency in communications and building public confidence of the advertising sector in the crypto space.
Sumit Gupta, co-founder and CEO of CoinDCX, said, “We are honoured to be a member of ASCI that safeguards consumers' interests. The involvement reaffirms our commitment towards ensuring safety and security for our users, and to raise the bar for advertising transparency in crypto space in India. This will boost confidence among the users, and they can use our platform without any apprehension. Being the safest crypto exchange, we have always gone the extra mile to ensure we are fully compliant with the laws and imbue credibility and trust in our service and products.”
Subhash Kamath, chairman, ASCI, said, “As ASCI steps into a digital age the nature of advertisers and advertising is changing rapidly. We welcome members representing these new industries, who believe in self-regulation. Collaboration and consultation with all stakeholders are keys to navigating the consumer protection challenges posed in this digital age.”