Japan's JCBA proposes 347 security practices for crypto custodians
- —347 practices span 10 areas including governance, staff, physical security, BCP and sub-custody
- —Key management and signing operations are treated as separate categories
- —Five custody models identified: holding, intermediary, supply, reference and others
- —JCBA attached an Excel self-assessment form and a verification document registry
Why it matters: The draft sets a benchmark for Japanese custodians, though it is not yet a binding rule and has no implementation timeline.
Source: DiarioBitcoin