CEX.IO Proves Payment Security with International Certification

London, England, March 15, 2019 — CEX.IO has received PCI DSS Level 1 certification after an annual audit. With over 2.7 million users choosing CEX.IO, the total volume of card payment data processed by the platform has increased significantly over the past year.

London, United Kingdom - March 15, 2019 /PressCable/ —

London, England, March 15, 2019 — CEX.IO has received PCI DSS Level 1 certification after an annual audit. With over 2.7 million users choosing CEX.IO, the total volume of card payment data processed by the platform has increased significantly over the past year.

To ensure that security measures for customers’ funds meet the highest standards, CEX.IO regularly passes an international assessment of procedures and technical infrastructure. The upgrade of the company’s PCI DSS compliance certification to Level 1 proves that CEX.IO processes and stores customer card data securely.

The Payment Card Industry Data Security Standard (PCI DSS) is an information security standard for organizations that handle credit card data. It includes measures to prevent and detect data breaches as well as steps to take in case a breach has occurred. Companies dealing with credit card payments must comply with a broad list of essential requirements as per PCI DSS.

“We are happy to report that CEX.IO has satisfactorily met all PCI DSS requirements and has achieved Level 1 certification. We are confident that CEX.IO will be able to maintain this certification as an annual obligation and we are happy to support them on this journey for many years to come.” — Trevor Axiak, director of Kyte.Global

“CEX.IO conducts audits of different standards on a regular basis. In December 2018, we passed an independent audit as one statutory requirement of effective Bank Secrecy Act/Anti-Money Laundering (BSA/AML), including evaluation of internal policies and procedures. And now, due to the card payment audit results, we possess a PCI DSS Level 1 certificate, which gives our customers assurance that their data is protected in accordance with the highest standards.” — Oleksandr Lutskevych, CEO of CEX.IO

Irrespective of whether a company processes, stores, and transmits personal data of customers, information security should always be a top priority, and aligning with industry standards is the best way to provide assurance to customers.

About CEX.IO

A UK-based multi-functional cryptocurrency exchange established in 2013, CEX.IO provides a rich variety of trading tools for Bitcoin, Bitcoin Cash, Bitcoin Gold, Ethereum, Zcash, Dash, Ripple, Stellar, and Litecoin. These cryptocurrencies can be traded for USD, EUR, GBP, and RUB.

CEX.IO provides a variety of payment options including credit and debit cards as well as reliable and timely wire transfers. The company strives to offer the best cryptocurrency trading experience and the most convenient service to its customers. Since April 2016, CEX.IO clients have processed over 1 billion US dollars via Visa and Mastercard cards.

The CEX.IO exchange repeatedly passes PCI DSS certificate renewal to validate compliance, allowing it to process, transmit, and store credit card data.

CEX.IO is among the founders of CryptoUK, an association started by major cryptocurrency players to represent the interests of exchanges, trading platforms, intermediaries, and asset managers, among other stakeholders. CryptoUK is aimed at building cooperation with authorities in the UK, such as the FCA, to develop an appropriate operating framework for crypto businesses.

With more than 2.7 million users across the globe, CEX.IO provides stable services backed by cold cryptocurrency storage, financial viability, high security, and KYC and AML best practices. Since 2015, CEX.IO has held MSB (Money Services Business) status with FinCEN, a bureau of the US Department of the Treasury. As a registered MSB, CEX.IO has proved that the company complies with Bank Secrecy Act requirements applicable to financial institutions as well as to each of the specific requirements applicable to MSBs.

Media Contact

Peter Ivanov, Communications Officer

peter.i@cex.io

London office contact details: 0203 909 6911, 0203 909 6910

Contact Info:
Name: Peter Ivanov
Email: Send Email
Organization: CEX.IO
Address: 24th Floor One Canada Square, Canary Wharf London E14 5AB, London, London, United Kingdom
Website: http://cex.io

Source: PressCable

Release ID: 492840

Latest News

Planned Parenthood to defy Trump abortion referral rule

Jul 17, 2019

WASHINGTON — Federally funded family planning clinics, including Planned Parenthood, are defying the Trump administration's ban on referring women for abortions, drawing a line against what they say amounts to keeping patients in the dark about legitimate health care options. "We are not going to comply with a regulation that would require health care providers to not give full information to their patients," Jacqueline Ayers, the group's top lobbyist, said in an interview Tuesday. "We believe as a health care provider it is wrong to withhold health care information from patients." The fallout from the confrontation between the Trump administration...

Cryptocurrencies, digital tax top the agenda for G-7 meeting

Jul 17, 2019

PARIS — Finance officials from the Group of Seven rich democracies will weigh risks from new digital currencies and debate how to tax tech companies like Google and Amazon when they meet in the Paris suburb of Chantilly. Those two issues, raised by the impact of digitalization on the world economy, are at the top of the agenda for the gathering Wednesday and Thursday, hosted by French Finance Minister Bruno Le Maire and including U.S. Treasury Secretary Steven Mnuchin. The finance ministers' meeting will prepare the ground for a full G-7 summit of heads of state and government being held...

China's economy growth cools further amid US tariff war

Jul 17, 2019

BEIJING — China's economic growth sank to its lowest level in at least 26 years in the quarter ending in June, adding to pressure on Chinese leaders as they fight a tariff war with Washington. The world's second-largest economy grew 6.2% over a year ago, down from the previous quarter's 6.4%, government data showed Monday. Forecasters expected China's economy to rebound in late 2018 but pushed back that target after President Donald Trump raised tariffs on Chinese imports to pressure Beijing over its technology development tactics. Now, economists say the slowdown might extend into next year. Weaker Chinese activity carries...

Trump citizenship plan will face logistical, legal hurdles

Jul 17, 2019

WASHINGTON — After failing to get his citizenship question on the census, President Donald Trump now says his fallback plan will provide an even more accurate count — determining the citizenship of 90 percent of the population "or more." But his plan will likely be limited by logistical hurdles and legal restrictions. Trump wants to distill a massive trove of data across seven government agencies — and possibly across 50 states. It's far from clear how such varying systems can be mined, combined and compared. He directed the Commerce Department, which manages the census, to form a working group. "The...

Trump pushes trade deal in formerly blue Wisconsin

Jul 17, 2019

MILWAUKEE — President Donald Trump barnstormed for his new trade deal with Mexico and Canada during a visit to Wisconsin on Friday, hoping that its economic impact will help him to retain a battleground state vital to his re-election effort. Trump told workers at Derco Aerospace the United States-Mexico-Canada Agreement, which has yet to pass Congress, would be "vital to the future" of the nation's manufacturing economy and would provide "the strongest protections yet for American workers." "I want you to have a level playing field because when you have a level playing field, nobody can beat you," he said....

Search
Financial Markets

About Us

Established in 2015, The Upstocker provides insights on financial reports, commentary, and investment data to traders so that you can make better investment decisions.

Contact us: sales[at]theupstocker.com

Subscribe Now!