A Data Retention Policy outlines how long data related to transactions, user activity, and other relevant information will be stored by a cryptocurrency service provider. This policy helps ensure compliance with legal and regulatory requirements, balancing privacy and security concerns.Typically, the policy includes guidelines on what data is collected, how it is stored, and the duration of retention. For example, transaction records may need to be kept for a specific period to comply with anti-money laundering laws, while user account information could be retained to prevent fraudulent activities.Once the retention period expires, data should be securely deleted or anonymized. This practice helps mitigate risks related to potential data breaches and enhances user trust by demonstrating a commitment to privacy.In summary, a Data Retention Policy is vital for managing data responsibly and ensuring compliance with laws while protecting user interests and promoting transparency.