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 issued this guidance to establish expected standards for authorized institutions providing custodial services for digital assets. The document outlines specific operational, security, and governance requirements to ensure the safekeeping of digital assets and protect customer interests. It serves as a regulatory framework to manage risks associated with digital asset custody within the banking sector.
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