information appropriately, securely and safely; (3) Contingency plan in case of occurrence of any event that may affect the management system of digital wallets and keys. This includes laying out and testing
designing, developing and managing digital wallets as well as creating, maintaining and accessing keys or other related information appropriately, securely and safely; (3) Contingency plan in case of
services to investors continuously and clients’ digital assets are securely safeguarded. The SEC requires that digital asset business operators have efficient risk management and be equipped to tackle
companies also appoint custodians approved by SEC to safely keep the assets of investors.However, SEC intends to amend the regulations to give permission for asset management companies with a custodian
responsible entity to oversee the matter to ensure that they can provide services to investors continuously and clients’ digital assets are securely safeguarded. The SEC requires that digital asset business
digital assets safely. They should also have learnt about DA operators’ asset keeping for their risk assessment and service decision-making. In this regard, the SEC is proposing criteria on information
able to use or store their digital assets safely. They should also have learnt about DA operators’ asset keeping for their risk assessment and service decision-making. In this regard, the SEC is
from the companies’ ones and introduce measures to protect investors’ assets for other benefits. Asset management companies also appoint custodians approved by SEC to safely keep the assets of
. Asset management companies also appoint custodians approved by SEC to safely keep the assets of investors.However, SEC intends to amend the regulations to give permission for asset management companies