Authorized Personnel Compliance refers to the set of practices and procedures that ensure that only individuals with proper authorization can engage in activities related to cryptocurrency management, trading, and transactions. This compliance is crucial for maintaining security and integrity within cryptocurrency operations.Entities, such as exchanges and wallets, must implement strict access controls to safeguard sensitive data and assets. This includes verifying the identity of personnel, conducting background checks, and providing training on legal and regulatory requirements. Adhering to Authorized Personnel Compliance helps mitigate risks associated with fraud, theft, and insider trading. It also ensures that organizations comply with laws set by regulatory bodies, reducing the risk of penalties or sanctions.Overall, this compliance framework supports trust among users and stakeholders, contributing to the overall stability and reliability of cryptocurrency systems.
Tether Settles $299.5 Million Claim With Celsius Bankruptcy Estate
Tether has paid $299.5 million to the Celsius Network bankruptcy estate, resolving a legal dispute that stemmed from the cryptocurrency lender’s