Regulation· ★★★· neutral·

Japan's JCBA sets up working group on crypto vendor management

  • —The guide spans 10 areas including governance, BCP and subcontractors
  • —Key management and signing are a separate block covering withdrawal verification
  • —Vendors are split into five types based on private key custody
  • —PwC Japan, wallet providers and auditors are involved
Why it matters: Common vendor standards reduce the risk of breaches like the $320 million DMM Bitcoin hack in 2024.
#BTC
Source: CoinPost
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