DIFX is excited to announce onboarding of KARM Legal Consultants, a UAE-based legal consultancy firm specializing in Blockchain, Fintech, Insuretech, Medtech, Real Estate, and Cyber laws as our legal advisors. 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 brokerage assets and cryptocurrency assets by providing a comprehensive ecosystem, including wallet services, an exchange, and a cross-asset trading platform. The platform operates in a sector that is constantly under the watch of regulators and lawmakers. Operating in such a space has its own set of risks. Those not meeting the requirements risk non-compliance fines, reputational damage, and even suspended operations. By partnering with KARM Legal, DIFX aims to abide by regional laws and keep pace with the ever-changing regulatory landscape to protect the platform from unwanted legal actions or severe penalties by financial regulators.
“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.” shares Jeetu Kataria, founder of DIFX. “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 the 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 DIFX
DIFX is a blockchain-based crypto-asset exchange that intends to disrupt the traditional way of trading financial products. The platform offers traders exceptional exposure to cryptos, indices, stocks, commodities, and forex positions. DIFX also has native $DIFX tokens that allow users to earn staking rewards, enjoy up to 50% discount on DIFX exchange, and high returns for providing liquidity.
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, OTC desks and now DIFX.
