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Periodic Monitoring

9. Licensees must have policies and procedures in place to monitor the crypto-assets to ensure that continued use of the crypto-asset remains prudent. This includes:

(a) Periodic re-evaluation of crypto-assets, including whether material changes have occurred, with a frequency and level of scrutiny tailored to the risk level of individual crypto-assets, provided that the frequency of re-evaluation must at a minimum be annual;
(b) Implementation of control measures to manage risks associated with individual crypto-assets; and
(c) The existence of a process for removing of crypto-assets on its platform, including notice to affected customers and counterparties.
Added: January 2024