Back Custom print Link Text Only Rich Text Print

  • Multi-Signature Arrangement

    • CRA-8.1.10

      A licensee that maintains custody or control of crypto-assets must not, at any time, permit arrangements whereby just a party or signatory is able to completely authorise the movement, transfer or withdrawal of crypto assets held under custody on behalf of clients. In particular, licensees must not have custody arrangements whereby only a sole person can fully access the private key or keys for the crypto assets held under custody by the licensee.

      Added: April 2023

    • CRA-8.1.11

      Licensees that maintain custody or control of crypto-assets are required to mitigate the risk of collusion between the authorised persons or signatories who are able to authorise the movement, transfer or withdrawal of crypto-assets held under custody.

      Added: April 2023