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

Companies bracing for China's retaliation in tariffs dispute

May 24, 2019

BEIJING — Companies were bracing Monday for how Beijing might retaliate against President Donald Trump's escalation of a fight over technology and trade that threatens to disrupt a Chinese economic recovery. Regulators have threatened "necessary countermeasures" for Trump's tariff hikes Friday on $200 billion of Chinese imports. But three days later, in a break with previous tit-for-tat penalties that were imposed immediately, Beijing had yet to announce what it might do. A foreign ministry spokesman said Monday that he had no details about Chinese plans or high-level contacts since negotiations ended Friday without a deal. "We are determined and capable...

Singapore reportedly criminalizes publication of fake news

May 24, 2019

SINGAPORE — Singapore reportedly has passed a law criminalizing publication of fake news and allowing the government to block and order the removal of such content. The Protection from Online Falsehoods and Manipulation Bill passed Wednesday night by a vote of 72-9, a lawmaker with the opposition Worker's Party, Daniel Goh, said on Twitter. The law bans falsehoods that are prejudicial to Singapore or likely to influence elections and requires service providers to remove such content or allows the government to block it. Offenders could face a jail term of up to 10 years and hefty fines. Opponents in Parliament...

Experimental surgery gains support as opioid deaths rise

May 24, 2019

SHANGHAI — Patient Number One is a thin man, with a scabby face and bouncy knees. His head, shaved in preparation for surgery, is wrapped in a clean, white cloth. Years of drug use cost him his wife, his money and his self-respect, before landing him in this drab yellow room at a Shanghai hospital, facing the surgeon who in 72 hours will drill two small holes in his skull and feed electrodes deep into his brain. The hope is that technology will extinguish his addiction, quite literally, with the flip of a switch. The treatment — deep brain stimulation...

China's April exports fall amid US tariff war; imports rise

May 24, 2019

BEIJING — China's exports fell in April amid a punishing tariff war with Washington, adding to pressure on Beijing on the eve of negotiations aimed at settling the fight over its technology ambitions. Wednesday's announcement of trade data followed President Donald Trump's surprise threat of more tariff hikes on Chinese goods, which jolted global financial markets. April exports sank 2.7% from a year ago to $193.5 billion, a reverse from March's 14.2% growth, customs data showed. That was markedly weaker than private sector forecasts of growth in low single digits. Imports rose 4% to $179.6 billion, rebounding from the previous...

Chinese researchers try brain implants to treat drug addicts

May 24, 2019

SHANGHAI — The sound of doctors boring through his skull to feed electrodes deep into his brain made Yan tremble. "The drill was like bzzzzzzz," he later recalled. "The moment of drilling is the most terrible." Yan is a methamphetamine addict. The hope is that technology will extinguish his addiction — quite literally, with the flip of a switch. The treatment — deep brain stimulation — has long been used for movement disorders like Parkinson's. Now, the first clinical trial of DBS for methamphetamine addiction is being conducted at Shanghai's Ruijin Hospital, along with trials for opioid addicts. Yan is...

Sign up now!