Proof of Reserves
Mechanism showing custodian holds claimed assets
Proof of reserves increases transparency regarding asset backing. However, it does not eliminate operational or insolvency risk. It should be treated as one risk signal among many.
Mechanism showing custodian holds claimed assets
Proof of reserves increases transparency regarding asset backing. However, it does not eliminate operational or insolvency risk. It should be treated as one risk signal among many.
Control and safekeeping of digital assets via private keys
Rules for mismatched payment amounts
Verification of origin of funds
Time allowed to complete payment at quoted rate
Customer pays less or more than invoiced amount
How payments and conversions are directed internally