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As digital assets and cryptocurrencies continue to evolve and
innovate, adherence to established standards and frameworks is
critical to ensure security, transparency, and operations.
For the digital asset industry, ISO (International Organization
for Standardization) has established several standards such as ISO
27001 for information security management, ISO 27701 for privacy
information management, ISO 23635 for governance guidelines for
blockchain and decentralized ledger technology, and ISO 29151 for
personal privacy protection. These standards provide comprehensive
guidance on conducting audits, assessments, and compliance checks,
including wallet security, data protection, and transaction
integrity. Organizations can also leverage industry-specific
frameworks, such as the Cryptocurrency Security Standard (CCSS), to
ensure that their digital asset practices are in line with
generally acknowledged security benchmarks. Such audits and
assessments help identify vulnerabilities, enhance cybersecurity
measures, and build trust among stakeholders.
As digital assets and cryptocurrencies grow in popularity and
personal data privacy acts continue to improve in various countries
and regions, data privacy compliance becomes increasingly
important. Maintaining user privacy, obtaining consent for data
processing, and securely managing personal information in
blockchain networks all face new challenges. Additionally,
organizations should proactively address compliance and risks
related to financial assets such as Anti-Money Laundering (AML) and
Know Your Customer (KYC) to build user trust.
Ankura has contributed to a newly released report published by
Amber and Thoughtworks, providing insight and case studies for
regulators, cybersecurity, and data privacy professionals to
enhance understanding of digital asset practices, security
measures, investigative techniques, and compliance strategies to
promote a more transparent and safer digital asset ecosystem.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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