VASP operational resilience refers to the capacity of a Virtual Asset Service Provider to withstand, adapt to, and recover from disruptions, failures, or cyberattacks while maintaining its essential services. This involves robust contingency planning, disaster recovery strategies, and continuous security enhancements to ensure the uninterrupted availability and integrity of digital asset services. It is crucial for protecting client funds and maintaining market stability. A high level of resilience is paramount for trust.
Context
Regulatory bodies worldwide are increasingly emphasizing VASP operational resilience as a key requirement for licensing and compliance, particularly following high-profile security incidents. News frequently reports on new guidelines and best practices being adopted by VASPs to strengthen their defenses against various threats. This focus underscores the industry’s push towards greater stability and investor protection.
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