Crypto-Asset Regulation · glossary
Holding clients' crypto-assets, or the keys to them: the first of Halcyon's five services. The custodian keeps clients' assets in separate wallets and a register of positions for each client. It is liable for a loss attributable to it, up to the asset's market value at the time. Binder §4.1 · Binder §4.6 · Chapter 1 · Chapter 5
Explained in Chapter 1, What a Crypto-Asset Is, and Why the State Cares, of Crypto-Asset Regulation.
Holding crypto-assets or their keys for someone else is called custody. Halcyon's keys sit in hardware run by Keystone Vault, and nobody at Halcyon signs alone. Every withdrawal needs two of its operations staff.Read Chapter 1, What a Crypto-Asset Is, and Why the State Cares →
Chapter 1 and this glossary are open to everyone; the whole edition is free to read with a free account until 31 January, and it stays open to an account opened by then.Chapter 1 of Crypto-Asset Regulation and this glossary are free to read; the rest of the edition is in the Library, at €12 a month or €79 for a Year Pass.
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