An Authorization Code is a temporary code used in the process of granting access to specific resources within a blockchain or cryptocurrency application. It usually comes into play during the process of authentication, particularly when a user wants to interact with decentralized applications or wallets.When a user initiates an action, such as logging in or initiating a transaction, the system generates an Authorization Code. This code is typically sent to the user’s registered email or phone number. The user then enters this code to confirm their identity and proceed. Using an Authorization Code adds an extra layer of security, ensuring that only the rightful owner can access their account or execute transactions. This helps prevent unauthorized access and enhances the overall security of the user’s assets. Furthermore, Authorization Codes are often time-sensitive, expiring after a short period, which minimizes the risk of interception and misuse. This mechanism is crucial for maintaining user trust and security in the management of cryptocurrency assets.

UK’s FCA to Allow Retail Investors Limited Access to Crypto ETNs
The UK’s Financial Conduct Authority (FCA) will permit retail investors to access certain crypto asset-backed exchange-traded notes (cETNs) for the