Daksar Publishes Guidebook on Managing Virtual Asset Wallets
Including Security Procedures and Wallet Creation and Management Measures
The Digital Asset Exchange Joint Council (DAXA) announced on the 12th that it has published the "Wallet Operation Management Best Practices and Commentary" in line with the enforcement of the "Act on the Protection of Virtual Asset Users, etc."
This best practices and commentary guide was prepared to support Virtual Asset Service Providers (VASPs) in fulfilling their custodial obligations related to virtual assets.
The best practices include ▲ personnel and physical security procedures ▲ wallet creation, holding, and management methods ▲ withdrawal procedures for virtual assets in cold wallets. The commentary further details the best practices with specific examples and explanations of the procedures.
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DAXA prepared the commentary together with a total of 23 virtual asset service providers under the support of financial supervisory authorities.
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