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

Prince Harry accepts apology for intrusive images

May 21, 2019

LONDON — Prince Harry settled privacy and data protection claims Thursday against a news agency that hovered over his home in a helicopter and took photos directly into his living room and bedroom. Harry accepted substantial damages and an apology from Splash News and Picture Agency. The figure was not disclosed. In a statement read at High Court in London on Harry's behalf, his attorney Gerrard Tyrrell said the rural retreat in Oxfordshire, southern England was chosen because of "the high level of privacy it afforded," but that now he and his wife Meghan feel "they are no longer able...

UK has first week without burning coal for electricity

May 21, 2019

LONDON — Britain has gone a week without burning coal for electricity for the first time since the 19th century. Power operator National Grid says coal hasn't contributed to the U.K. electricity mix since the afternoon of May 1. The landmark was reached two years after Britain had its first coal-free day since the Industrial Revolution. Fintan Slye, director of National Grid Electricity System Operator, said Wednesday that coal-free power would become the "new normal" as Britain generates more power from wind, solar and other renewable sources. The U.K. also relies heavily on natural gas and nuclear energy. The government...

UN panel calls WikiLeaks founder's UK sentence excessive

May 21, 2019

LONDON — A panel of legal experts affiliated with the United Nations has criticized the 50-week sentence a British judge imposed on WikiLeaks founder Julian Assange for jumping bail. The Working Group on Arbitrary Detention said Friday that Assange's punishment was "disproportionate" for his "minor violation." The panel questioned why he is being held in a high security prison "as if he were convicted for a serious criminal offense." A judge in London sentenced the 47-year-old Assange on Wednesday for taking refuge in the Ecuadorian Embassy while he was on bail awaiting extradition to Sweden The U.N. panel declared in...

UK climate panel sets big goals: less meat, electric cars

May 21, 2019

LONDON — The U.K. should eliminate almost all greenhouse gas emissions by 2050 by rapidly adopting policies that will change everything from the way people heat their homes to what they eat, an independent committee that advises the British government on climate change recommended Thursday. A report from the Committee on Climate Change said the government must adopt ambitious goals if it wants to be a leader in the fight against global warming and limit the impact of climate change. While Britain has laid the groundwork to achieve net-zero emissions of greenhouse gases, existing plans "must be urgently strengthened" because...

UK's fired defense secretary furiously denies Huawei leak

May 21, 2019

LONDON — Britain's former defense secretary ferociously denied allegations that he leaked details from private government discussions about the Chinese telecommunications company Huawei, as opposition leaders called Thursday for a criminal investigation into the scandal. Gavin Williamson was fired from the government's top defense job late Wednesday by Prime Minister Theresa May, who said she had seen "compelling evidence" that he was behind media reports that the government had agreed — against the advice of the United States — to let Huawei participate in some aspects of Britain's new 5G wireless communications network. It was the first time in decades...

Sign up now!