Crypto-Asset Regulation · glossary
A firm's plan for closing in good order, so that every client gets back what is theirs. Halcyon's starts on any of three triggers, is funded for twelve months and stops custody last. Every client's assets are returned within 90 days. Binder §3.3 · Appendix A.14 · Chapter 3 · Chapter 4
Explained in Chapter 3, The Application, of Crypto-Asset Regulation.
A wind-down plan without numbers. A wind-down plan says how the firm would close in an orderly way (Article 74). It also says how every client gets back what is theirs.Read Chapter 3, The Application →
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