According to an official release, Mudrex, a crypto investment platform, 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 is believed to help improve the security of user data and transactions and has implemented measures to safeguard its platform. This is expected to include multi-factor authentication, SSL encryption, and other robust security protocols. Furthermore, all user funds will be insured through Lloyds of London, as per the official release.
“We believe that by taking these steps, we can maintain our platform’s integrity, increase trust with our users and also contribute to the broader adoption and acceptance of cryptocurrencies in the global financial system,” Edul Patel, CEO, co-founder, Mudrex, concluded.
