Crypto-Asset Regulation · glossary
Safeguarding is the whole arrangement that keeps clients' crypto-assets and euro apart from the firm's own and out of its creditors' reach. Segregation is its first half: clients' crypto-assets sit in wallets separate from the firm's own. The second half is a ban on using clients' assets. Definition: Safeguarding · Binder §4.1 · Binder §4.2 · Chapter 5
Explained in Chapter 5, Custody, Client Money and the Stablecoin Question, of Crypto-Asset Regulation.
Safeguarding is the word for the whole arrangement. Its second half is a ban on using clients' assets, and the Binder states it in one paragraph…Read Chapter 5, Custody, Client Money and the Stablecoin Question →
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keeping clients' crypto-assets and funds separate from Halcyon's own, protected in Halcyon's insolvency and never used on Halcyon's own account (Article 70);Read the definition in the document →
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