CoinDCX announces Digital Suraksha Network. The planned offerings include a WhatsApp-based AI helpline, open API for fraud intelligence, and cyber safety infrastructure.
Sumit Gupta, Co-Founder, CoinDCX told Moneycontrol, that the users would have full control of the private key of the decentralised wallet that will be encrypted using user's email id authentication.
“I think the case that happened in WazirX was very unfortunate. People don't like to keep 50 percent (in one wallet) because you don't put all the eggs in one basket,” CoinDCX CEO Sumit Gupta told Moneycontrol.
Gupta’s comments follow the recent Rs 18.82 crore fine imposed on Binance by the Financial Intelligence Unit in India (FIU-IND), for not following local anti-money laundering laws while serving Indian users.
With the Web3 mode, users will have access to emerging and pre-launch tokens from large and developing ecosystems such as Base, Solana, Binance Smart Chain, Polygon, and 10 more chains. The Web3 mode also facilitates easy access to Web3 with a straightforward INR on-ramp.