INDODAX has made new progress. Commissioner Oscar Darmawan recently reaffirmed that the platform has made significant adjustments to the custody method of user funds. According to the latest arrangement, customer funds are now collectively held by a certified clearinghouse and central custodian, supervised by CFX. The core of this initiative is to strengthen fund security and transparency, giving users greater confidence in their digital assets. By introducing an independent third-party custody mechanism, INDODAX further improves its compliance framework to meet current global exchange industry standards for fund security. This type of regulatory upgrade is crucial for building user trust and protecting asset safety.
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degenwhisperer
· 1h ago
Finally some action. Is INDODAX really serious this time? I trust third-party custody, just waiting to see if CFX is reliable.
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善上111
· 5h ago
Nothing else matters; only the rise in coin price is the hard truth, everything else is just hype.
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AirdropAutomaton
· 8h ago
Hmm... Third-party custody sounds good, but can we really trust it?
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Ser_This_Is_A_Casino
· 8h ago
Really? Can I trust third-party custody? Or does it depend on how CFX is handled?
INDODAX has made new progress. Commissioner Oscar Darmawan recently reaffirmed that the platform has made significant adjustments to the custody method of user funds. According to the latest arrangement, customer funds are now collectively held by a certified clearinghouse and central custodian, supervised by CFX. The core of this initiative is to strengthen fund security and transparency, giving users greater confidence in their digital assets. By introducing an independent third-party custody mechanism, INDODAX further improves its compliance framework to meet current global exchange industry standards for fund security. This type of regulatory upgrade is crucial for building user trust and protecting asset safety.