Definition ∞ Authorized person approval refers to the mandatory consent required from a specifically designated individual or entity before a particular action can be executed within a system. In digital asset operations, this protocol reinforces security and governance frameworks. It ensures that critical transactions or system modifications receive proper oversight and validation. This mechanism helps prevent unauthorized access or manipulation of assets.
Context ∞ Within institutional digital asset custody and exchange platforms, authorized person approval stands as a fundamental security control. News often covers instances where its absence leads to security vulnerabilities or, conversely, where its robust implementation prevents significant losses. The evolving regulatory landscape frequently emphasizes the importance of such internal controls for compliance and asset protection.
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