Digital Financial Exchange (DIFX) is excited to announce its partnership with KARM Legal Consultants, a UAE-based legal consultancy firm specializing in Blockchain, Fintech, Insuretech, Medtech, Real Estate, and Cyber laws. The relationship will provide end-to-end legal counsel for DIFX.
Built as a crypto-asset trading platform, DIFX aims to bridge the gap between traditional and cryptocurrency assets by providing a comprehensive ecosystem. The DIFX Spot Exchange operates in a sector that is constantly under the watch of regulators and lawmakers which comes with its own set of risks.
In this space, those not meeting the compliance requirements could face huge fines, reputational damage, and even suspended operations. By partnering with KARM Legal, DIFX aims to abide by regional and international laws and keep pace with the ever-changing regulatory landscape to protect the platform from unwanted legal actions.
Jeetu Kataria, the co-founder and CEO of DIFX, expressed his excitement about the partnership, stating:
“We believe KARM is an ideal legal advisor for DIFX as it’s one of the leading legal consultants of tech and digital entities in UAE. Engaging with KARM allows DIFX to offer its services within legal boundaries. KARM will work closely with the DIFX team to meet regulatory demands of the platform to offer trading services to our clients.”
Being a well-established blockchain legal consulting group, KARM leverages its expertise and unique experience to bring partners the most refined end-to-end legal solutions. The partnership provides DIFX with the advantage of meeting regulatory demands with respect to document digitization, customer outreach, data extraction, document negotiations, legal expertise, and more.
The UAE is keeping itself abreast with innovative digital technologies by building advanced infrastructure to meet the growing demands. These developments are attracting a lot of projects and platforms to UAE. DIFX is a true cross-asset platform that will help contribute to the nation’s mission to advance the tech field, and we are honored to be providing DIFX with cutting-edge legal counsel in all areas- and play our role in making UAE an advanced nation.
About KARM Legal
Headquartered in UAE, KARM was officially launched at the Global Legal Forum 2018 to offer legal services to E-commerce, Medtech, Blockchain, Fintech, AI, and other new-generation technologies. In mere three years of its inception, KARM Legal has developed an esteemed clientele base, including various crypto exchanges, crowdfunding platforms, and OTC desks.
DIFX is a centralized cross-asset crypto exchange that allows users to trade between multiple asset classes that include indices, forex, crypto, stocks, metals, and commodities, just to name a few. The DIFX fully-insured crypto wallet comes from a partnership with Fireblocks, one of the leading crypto custodians in the world.
The Nomination Program is another unique feature of DIFX that allows users to manage the future of their crypto assets by passing them on to their families and loved ones. Recently, the company unveiled its Futures trading platform as well in an attempt to further improve financial inclusion and freedom through innovations offered by blockchain technology.