Cold wallet custody refers to the practice of storing digital asset private keys offline, disconnected from any internet connection. This method utilizes hardware devices or physical mediums to safeguard cryptographic keys from online vulnerabilities. By isolating private keys, cold wallet custody significantly mitigates the risk of cyberattacks and unauthorized access. It represents a highly secure storage solution.
Context
Security remains a paramount concern within the digital asset sector, making cold wallet custody a critical topic for both individual and institutional investors. News frequently reports on its role in protecting substantial asset holdings from exchange hacks or sophisticated phishing attempts. The implementation of robust cold storage solutions is a marker of operational integrity.
The Digital Asset Basic Act mandates a unified VASP licensing regime and strict stablecoin reserve requirements, fundamentally altering market access and operational risk for all participants.
The MAS finalized its DTSP regime, eliminating regulatory arbitrage by requiring licensing for entities serving foreign clients from a Singapore base by June 2025.
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