Regulatory Alerts2024-02-20
Added · Updated
Guidance on Expected Standards on Provision of Custodial Services for Digital Assets by Authorized Institutions
The Hong Kong Monetary Authority issues this guidance to establish expected standards for authorized institutions providing digital asset custodial services. It mandates robust governance, strict segregation of client assets, and comprehensive safeguarding measures including cold storage and key management protocols. The document further requires rigorous due diligence for outsourcing, transparent client disclosure, and strict adherence to anti-money laundering and ongoing monitoring obligations.
More like this from HKMA
HKMA published 11 documents in the last 30 days. We email you each new one the day it's published.
Topics
Share