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Crypto Asset Safeguarding

Definition

Crypto asset safeguarding encompasses the comprehensive set of practices and technologies used to protect digital assets from theft, loss, or unauthorized access. This includes secure storage solutions, robust cybersecurity measures, and stringent operational procedures for managing private keys. Effective safeguarding is paramount for individuals and institutions holding cryptocurrencies, as irreversible transactions mean lost or stolen assets are rarely recoverable. It forms a critical component of security infrastructure within the digital asset ecosystem.