scope:

This standard defines requirements for multiple aspects of security management for customer cryptographic assets on cryptocurrency exchanges, such as user identification using multi-factor authentication, prioritized protection of customer assets under unforeseen circumstances, sustainability management, and professional ethics of operation for cryptocurrency exchange platforms.

Purpose

Unlike the standalone technical standards, this standard focuses on reaching consensus from a business perspective, especially with the aim of protecting consumer assets in the process of cryptocurrency exchanging, by preventing most foreseeable security threats actively and preparing for unexpected events. The adoption of a unified approach promotes the capability of user identification, the quality of service, the transparency of assets management on cryptocurrency exchanges, and develops a cooperative and healthy ecosystem for the cryptocurrency market.