Wu learned that the Austrian Financial Market Authority (FMA) has released consumer information introducing crypto asset custody, wallets, access keys, and the role of regulated service providers. The FMA stated that the EU Markets in Crypto-Assets Regulation (MiCA) has established a unified regulatory framework for crypto asset service providers (CASPs), imposing requirements on institutions that provide custody and management services for crypto assets to clients. The FMA reminds that while self-custody users have full control over their assets, they also bear full responsibility for safeguarding their access keys; if the keys are lost or fall into the hands of others, asset access is typically unrecoverable. Consumers can also choose to use a regulated CASP for custody and can verify the authorization of service providers through the FMA company database.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned