What is Biteeu India?

Author : Crypto Kingg8 | Published On : 21 Jul 2021

BITEEU was founded in 2019 by specialists with solid experience in the banking sector, stock market and international public companies. It is a fully licensed and compliant virtual currency exchange in the European Union and Australia. Cryptocurrency exchange platform Biteeu is looking to expand its operations in India, as Biteeu India. It is a new generation digital assets exchange, powered by BittrexDow Jones and SpaceChain.

BITEEU in collaboration with Bittrex uses its advanced technology to offer our customers a safe, reliable and comfortable trading experience. They have one of the most liquid order books on the market. The recently launched Biteeu India is proud to have already received ISO/IEC 27001:2013 certification after an extensive external cybersecurity audit from PECB Management Systems Inc. (PECB MS), making it officially one of the two cryptocurrency exchanges in the world to hold this certificate. ISO/IEC 27001:2013 is a globally recognized set of international standards for information security. It specifies the requirements for establishing, implementing, maintaining and continually improving an information security management system within the context of an organization. The International Organization for Standardization (ISO) regulates the management of the security of assets including financial information, intellectual property, employee details or information entrusted by third parties. It also includes requirements for the assessment and treatment of information security risks tailored to the needs of the organization.

Biteeu does not position itself as a regular cryptocurrency exchange. Earlier last year (2020) they signed partnership agreements with two multinational natural resources corporations to bridge the gap between commodities and digital currencies markets by developing and listing asset-backed tokens on Biteeu. Their first joint asset-backed token was launched towards the last quarter of 2020. ISO/IEC 27001 certified, BITEEU India supports multiple languages and provides round-the-clock support and will be available on both Android and iOS mobile devices.

BITEEU India is also the world’s first digital assets exchange with multi-signature and backup in space. The crypto sector has been long fascinated with borderless currency. BITEEU India believes having the security of space infrastructure not just ensures the independence of digital assets from centralized terrestrial servers but also provides more efficient smart contract operation and greater application scenarios. It also brings greater physical security when transacting in crypto assets. The space node will also enable the company’s client to develop additional blockchain capabilities for enterprise business execution. Driven by the remoteness of the node and end-to-end encrypted satellite communication, Biteeu is set to enhance the security of its customer data and transactions by multiple folds through the seclusion of outer space, as opposed to other digital currency exchanges with land-based servers hosted on Earth.

Biteeu India has also become the first exchange to partner with Dow Jones for compliance and standards. This partnership focuses on launching the platform in India with the highest level of compliance. The recently launched exchange platform ensures the security of its investors and their data. Cryptocurrency has been around for more than a decade now but to become a mainstream asset, there is one hurdle: security standards. Dow Jones works on the belief that high-quality and well-maintained data is the core of effective screening engines. With the right combination of technology and information, they attempt to deliver efficient compliance programs. Built on the legacy of the world’s most trusted newsrooms, their compliance division combines the expertise of a multilingual team of researchers and analysts with industry-leading automation and artificial intelligence tools. Dow Jones delivers reliable, actionable information and applications that are developed specifically for compliance requirements and workflows related to anti-money laundering and counter-terrorism financing, sanctions, anti-bribery and corruption and international trade compliance. To curb any financial crime Dow Jones conducts comprehensive due diligence on the customers and connected parties as part of a robust Know Your Customer (KYC) program.

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