Sentences with phrase «as custodial wallets»

These exchanges act as custodial wallets in which they control users» digital currencies like banks control customer deposits.

Not exact matches

As a non custodial wallet Abra is not an e-money company or money transmitter.

The proposals will see exchanges and custodial wallet providers added to the list of obliged entities required to carry out customer due diligence (also known as KYC), monitor transactions and report suspicious transactions.

The New York Department of Financial Services (DFS) has granted one of the leading Tokyo - based crypto exchanges bitFlyer a BitLicense to operate in United States as a «custodial wallet» services for bitcoin or a secure online address to hold Bitcoin.