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26 July 2021

ASX sounds crypto exchange custody warning, calls for better regulations

ASX sounds crypto exchange custody warning, calls for better regulations


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The ASX submission outlined the implications of crypto exchange custody arguing that investors do not have access to their private keys while their funds are domiciled in these platforms — another way of saying “not your keys, not your coins.”.

Apart from cybersecurity problems, the ASX submission to the Senate committee also stated that investors who chose crypto exchange custody run the risk of their funds being handled in an undisclosed or unauthorized manner.

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