A multi-signature key, often referred to as a multi-sig, is a security feature that requires more than one key to authorize a transaction. Instead of a single private key granting full control over funds, multiple keys (usually belonging to different parties) are needed to execute transactions.This setup enhances security by reducing the risk of theft or loss. For example, in a 2-of-3 multi-signature arrangement, three keys are created, but only two are required to unlock the funds. This means that even if one key is compromised or lost, the assets remain secure.Multi-signature keys are especially useful for organizations that manage shared funds or for individuals who want to add an extra layer of protection to their wallets. They also facilitate collaborative decision-making, as multiple stakeholders must agree before any transaction occurs. This feature supports accountability and transparency, making it a popular choice for protecting valuable assets.

Bybit Removed from France’s AMF Blacklist After Two Years of Compliance Efforts
Cryptocurrency exchange Bybit has been officially removed from the blacklist of France’s financial markets regulator, the Autorité des Marchés Financiers