A risk management program is a structured framework implemented by an organization to identify, assess, monitor, and mitigate potential risks to its operations and objectives. This program involves establishing policies, procedures, and controls to systematically address various types of threats. Its purpose is to minimize adverse impacts and ensure business continuity.
Context
For entities operating within the digital asset ecosystem, a robust risk management program is indispensable due to market volatility, technological complexities, and evolving regulatory landscapes. Such programs address risks including cyberattacks, smart contract vulnerabilities, liquidity shortages, and compliance failures. Regulatory bodies increasingly mandate comprehensive risk management frameworks for crypto service providers to protect consumers and maintain market stability.
The proposal mandates DeFi front-end registration and KYC integration, structurally altering the operational risk profile for all decentralized platforms.
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