Ownership Control denotes the ability of an individual or entity to direct the use, transfer, and disposition of an asset. In the context of digital assets, this typically refers to holding the private keys associated with a cryptocurrency wallet, granting exclusive command over the digital funds. It represents the ultimate authority over a digital possession. This control is fundamental to the concept of self-custody in crypto.
Context
The concept of Ownership Control is central to the ethos of decentralized finance and self-sovereignty in the digital asset space. Debates often contrast self-custody with custodial solutions offered by exchanges, highlighting the associated security and accessibility trade-offs. Regulatory discussions are also examining how traditional ownership laws apply to digital assets, particularly concerning inheritance and legal disputes over control.
The modified DFAL regulations mandate a licensing framework by July 1, 2026, while eliminating duplicative Money Transmission Act oversight for licensed entities.
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