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Article (23) Safeguarding of Payment Tokens Held in Relation to the Performance of Payment Token Custody and Transfer

2/2024 Issued on 14/6/2024
1.Payment Token Custodians and Transferors must keep Customer Payment Tokens in a separate Wallet from any Wallet that it uses to hold any other Virtual Assets.
2.

A Wallet in which Customer Payment Tokens are placed under Article (23)1 must:

a)be designated as a Wallet held for the purpose of safeguarding or holding Customer Payment Tokens in accordance with this Regulation; and
b)be used only for holding those Customer Payment Tokens.
3.No person other than the Customer may have any interest in or right over the Customer Payment Tokens placed in a Wallet in accordance with Article (23)1.
4.The Payment Token Custodian and Transferor must keep a record of any Customer Payment Tokens segregated in accordance with Article (23)1.