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

In China, Apple's Cook says he's bullish on global economy

Mar 24, 2019

BEIJING — Apple CEO Tim Cook said Saturday that he is "extremely bullish" about the global economy based on the amount of innovation underway, and urged China to continue to "open up" amid complaints from the U.S. and others that it is shutting foreign firms out of key high-tech industries. In a speech at an economic forum in Beijing, Cook said Apple is less concerned with the short-term economic outlook because the tech giant makes investments looking ahead years or decades. "In the long term, I'm extremely bullish. I think the key to the economy, unlocking its potential has always...

Asian stocks stumble on doubts over US-China trade deal

Mar 24, 2019

SINGAPORE — Asian markets were mostly lower on Friday as caution set in ahead of U.S.-China trade talks in Beijing next week. The Shanghai Composite index gave up 0.8 percent to 3,077.56 and Hong Kong's Hang Seng lost 0.5 percent to 28,913.55. The Kospi in South Korea was flat at 2,184.94. Japan's Nikkei 225 index, reopening after a market holiday, dropped 0.2 percent to 21,453.10 after a report that inflation slowed slightly in February. The core consumer price index rose 0.7 percent from a year earlier, compared with January's 0.8 percent gain. A preliminary private survey, which was also released...

Australia moving 2,000 people from powerful cyclone's path

Mar 24, 2019

SYDNEY — About 2,000 Australians were being moved inland Thursday from part of the northern coast ahead of a powerful cyclone expected to hit this weekend. Evacuees were being moved by air and road from remote, mostly indigenous communities on the east coast of the Northern Territory, with most going to the provincial capital, Darwin. Australia's Bureau of Meteorology said Cyclone Trevor, with sustained winds of 125 miles per hour (200 kph) and gusts of up to 160 mph (255 kph), was expected to bring heavy rainfall and a dangerous storm surge. An emergency was declared in communities along the...

Premier: Telling companies to spy is 'not how China behaves'

Mar 24, 2019

BEIJING — China's No. 2 leader on Friday denied Beijing tells its companies to spy abroad, refuting U.S. warnings that Chinese technology suppliers might be a security risk. Premier Li Keqiang's comment at a news conference was the communist government's highest-level rejection of accusations Chinese companies might spy on foreign customers. Asked whether Beijing told Chinese companies to spy, Li said, "Let me tell you explicitly that this is not consistent with Chinese law. This is not how China behaves. We did not do that and will not do that in the future." The United States and some other governments...

China promises 'all necessary measures' to defend companies

Mar 24, 2019

BEIJING — China's foreign minister on Friday promised "all necessary measures" to defend Chinese companies and citizens abroad amid legal clashes between tech giant Huawei and Washington. Recent legal action against Chinese companies and individuals is "deliberate political suppression," said Wang Yi at a news conference. Wang was responding to a question about Beijing's stance on Canada's arrest of a Huawei Technologies Ltd. executive on U.S. criminal charges and the company's lawsuit in an American court aimed at overturning restrictions on sales of its telecom equipment. "Recent actions against specific Chinese enterprises and individuals are not simply judicial cases, but...

Search
Broaden

Scienfinite is created to inspire our readers with the aim to understand the world and appreciate its everyday awe. Keep up with the technology and latest innovations here, only in Scienfinite.

Contact us: sales@scienfinite.com