A licensee that maintains custody or control of crypto-assets on behalf of a client must store, at a minimum, 90% of client’s crypto-assets in cold wallets to minimise exposure to losses arising from a compromise or hacking. The requirement to hold 90% of client’s crypto-assets in cold wallet is to be calculated separately for each crypto-asset that is listed on the licensee’s platform and not at aggregate level.
Added: April 2023