4 mins read
KYC (Know Your Customer) is a process of customer identity verification performed on a regular basis to eliminate bribery, corruption, and other illegal financial activities. It’s also a requirement of international AML (Anti-Money Laundering) regulations.
3 mins read
A virtual asset is a digital representation of value that can be digitally traded, or transferred, and can be used for payment or investment purposes. Virtual assets do not include digital representations of fiat currencies, securities and other financial assets that are already covered elsewhere in the FATF Recommendations.
7 mins read
Unlike the custody of fiat currency, for the custody of virtual assets the custodian usually “holds” the private key of the cryptocurrency on behalf of the customer since digital currency only exists in the distributed ledger of the blockchain.
9 mins read
A digital certificate, also known as public key certificate, is an electronic document issued by a trusted third-party Certificate Authority used to prove the ownership of a public key.
The digital certificate includes information about the key, the identity of its owner (called subject owner), and the digital signature of a CA (called the issuer) that verifies the certificate`s contents.