Mudrex has completed its registration in India and regulatory recognition in the European Union (EU). The company is now a registered reporting entity with the Financial Intelligence Unit (FIU) in India. 

It also holds the status of a Virtual Asset Service Provider (VASP) accredited by the Bank of Lithuania within the EU. Mudrex has also recently obtained its OAM (Organismo Agenti e Mediatori) certification in Italy.

Mudrex aims at prioritising the security of user data and transactions through multi-factor authentication, SSL encryption, and other robust security protocols. Furthermore, all user funds held on the platform are insured through Lloyds of London.

Commenting on this, CEO and co-founder Edul Patel, said, “Mudrex is now India’s most regulatory compliant company. We believe that by taking these proactive steps, we are ensuring our platform's integrity, increasing trust with our users and also contributing to the broader adoption and acceptance of cryptocurrencies in the global financial system."

Mudrex is a crypto investment platform headquartered in Bengaluru and San Francisco, backed by Y-Combinator. It was founded in 2018 by Edul Patel, Alankar Saxena, Rohit Goyal and Prince Arora.