What is Crypto Regulation?

| January 18, 2024

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Crypto-assets and their markets necessitate robust regulation and oversight that aligns with the risks they present. The rapid evolution of crypto-asset markets raises concerns that they could, at a certain point, pose a threat to global financial stability due to their scale, structural vulnerabilities, and growing interconnectedness with the traditional financial system. The international nature of these markets also introduces the potential for fragmentation or arbitrage. While the use of crypto assets varies across jurisdictions, the risks to financial stability could escalate quickly, highlighting the imperative for both timely and proactive assessments of potential policy responses and regulatory interventions where existing requirements are applicable.

An effective regulatory framework for crypto treasury management platform and crypto exchanges should ensure that activities involving crypto-assets are comprehensively regulated, taking into account the risks they pose, while also leveraging the potential benefits of the underlying technology. In cases where crypto-assets and intermediaries perform economic functions equivalent to those in the traditional financial system, they should be subject to regulations guided by the principle of “same activity, same risk, same regulation.”

Crypto as an non-regulated asset-class

Fundamentally, crypto assets are digital codes stored and accessed electronically, without necessary backing from physical or financial collateral. Their value may or may not be stabilized by pegging them to fiat currencies or other valuable items. The electronic life cycle of crypto assets introduces a full spectrum of technology-related risks that regulators are actively working to integrate into mainstream regulations. These risks include cyber threats and operational challenges, evidenced by notable losses due to hacking or inadvertent loss of control, access, or records.

Initially, concerns about these risks might have been mitigated if the crypto asset system had remained closed. However, this is no longer the case, as the crypto world now mirrors various functions in the financial system, including leverage, liquidity provision, lending, and value storage.

The diverse actual or intended uses of crypto assets attract the attention of multiple domestic regulators, each with distinct frameworks and objectives—ranging from consumer protection to safety and soundness or financial integrity. Additionally, various crypto actors, such as miners, validators, and protocol developers, pose a challenge to traditional financial regulation due to their unique roles and characteristics.

Entities operating in financial markets typically operate under specified conditions and defined scopes, with associated governance and fiduciary responsibilities. However, these principles may not seamlessly translate to participants in the crypto ecosystem, where identification can be challenging due to underlying technology or casual and voluntary involvement. Regulatory challenges also extend to addressing conflicting roles concentrated in centralized entities, such as crypto exchanges and crypto custodian platforms.

Moreover, as national authorities strive to develop a crypto treasury management regulatory framework for both companies and various activities in the crypto ecosystem, they must also take a stance on the underlying technology’s alignment with broader public policy objectives—such as addressing the significant energy consumption associated with “mining” certain crypto assets.

Applying existing crypto asset management regulatory frameworks to crypto assets, or creating new ones, is a formidable task for several reasons. The crypto world evolves rapidly, and regulators face challenges in acquiring the necessary talent and skills to keep pace amidst stretched resources and competing priorities. Monitoring crypto treasury management and trading markets is further complicated by patchy data, making it challenging for regulators to track the multitude of actors not subject to typical disclosure or reporting requirements.

Outlook of different jurisdiction towards crypto institutions

Cryptocurrency has been a contentious topic since its introduction, with varying perspectives among countries on its decentralized nature. Legal status and regulations around cryptocurrency asset management platforms differ across nations, and the use of cryptocurrency for anonymous global transactions has raised concerns for governments worldwide. Some officials are wary due to the lack of control and potential illicit ties associated with cryptocurrency.

Certain countries have introduced cryptocurrency regulations under their anti-money laundering and counter-financing of terrorism laws (AML/CFT) to curb the misuse of cryptocurrency for such purposes.

Let’s explore the legal status of cryptocurrency in different countries:

United Kingdom (UK)

The UK does not have specific legislation for cryptocurrency or cryptocurrency custodians but does not consider it legal tender; rather, it’s treated as property. The Financial Conduct Authority (FCA) regulates licensing for authorized cryptocurrency-related businesses. The UK applies firm rules, and businesses seeking a license must adhere strictly to them. Crypto trading in the UK is subject to taxes, following corporate tax rules.

United States (U.S.)

The U.S. operates under a dual governance system, with varying laws for cryptocurrency across different states. Some states, like New York, have been supportive of cryptocurrency and have implemented licensing frameworks, such as “BitLicense,” since 2016. While regulations vary among states, the overall stance in the U.S. is positive towards the trading community, making cryptocurrency and custodian crypto-platforms legal.


Canada adopts a cryptocurrency-friendly stance, treating cryptocurrencies as items for income tax purposes. Income or capital gains from cryptocurrency transactions must be reported to the Canada Revenue Agency (CRA). Canada has shown motivation in crypto regulations, becoming the first country to accept a bitcoin-traded fund (ETF). Crypto exchanges in Canada are considered money service businesses and fall under the Proceeds of Crime and Terrorist Financing Act, requiring registration under the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC).

European Union (EU)

The EU, consisting of 27 member countries, faces complexities in legislation at the union level. Most EU countries have adopted a soft regulatory framework for cryptocurrency. In 2020, the European Commission proposed legislation to regulate virtual assets, aiming to prevent fragmentation of financial regulatory frameworks and ensure secure access to cryptocurrency and different types of crypto currency wallets.

Countries where cryptocurrency is banned: China, Bangladesh, Egypt, Morocco, Nepal, Iraq, Tunisia, Qatar.

Anti-Money Laundering (AML) and Know Your Customer (KYC) Rules

In the swiftly evolving realm of cryptocurrency, proactively addressing financial risks is of utmost importance. There is widespread acknowledgment that ensuring AML/KYC compliance in the crypto ecosystem is increasingly crucial. This involves addressing key aspects such as monitoring crypto transactions, adhering to the Travel Rule in the crypto world, and protecting against crypto scams.

Regulators have taken note of the distinctive challenges posed by digital assets and crypto treasury management platforms. They have responded by establishing robust crypto asset management frameworks for cryptocurrency regulation. These crypto regulation frameworks encompass specific guidelines and obligations aimed at combating activities related to anti-money laundering within the crypto space.

For crypto exchanges and cryptocurrency wallet indian/ global providers, a comprehensive understanding of the intricacies involved in AML and KYC compliance processes is indispensable. As the crypto industry continues to grow, navigating the intricate landscape of financial security and regulatory requirements becomes vital to ensure transparency and foster trust among stakeholders.

Licenses Crypto Institutions can get to become regulated

A cryptocurrency license is an official document that authorizes businesses to participate in the cryptocurrency market, issued by regulatory agencies overseeing financial operations in specific countries.

Every business involved in crypto-related activities is required to hold the relevant license. This ensures that the crypto company can uphold the security of its customers’ crypto assets and adhere to relevant laws. Various types of crypto licenses, such as exchange, hardware wallet for cryptocurrency, and crypto custodian licenses, exist, and the criteria for obtaining one can vary significantly from one country to another.

Ensuring Legal Adherence

Securing a crypto regulation is crucial to avoiding legal complications. Crypto exchanges operate within a heavily regulated industry, making noncompliance a high-risk endeavor.

The absence of a valid cryptocurrency license exposes exchanges and cryptocurrency asset management firms to potential legal consequences, including substantial fines and the possibility of business closure. Possessing a license ensures strict adherence to all pertinent rules and regulations, enabling crypto treasury, custodian, exchange, and management businesses to operate within the bounds of the law without the threat of legal repercussions.

Building Trust and Credibility

Obtaining a cryptocurrency license plays a pivotal role in establishing a company as a reliable and credible entity in the eyes of customers. Consumers are more inclined to utilize the services of an exchange upon discovering that the company holds a legitimate license. This assurance signifies the exchange’s legitimacy and the protection of customers’ funds.

The credibility of cryptocurrency exchanges and cryptocurrency custodian receives a significant boost through licensing, indicating that the company has successfully undergone thorough regulatory scrutiny.

Facilitating Banking Relationships

Additionally, a cryptocurrency exchange and custodian crypto license can streamline the establishment of banking partnerships. Given the perceived risks associated with crypto activities, many banks are cautious about engaging with businesses in the cryptocurrency market by providing financial services. However, gaining credibility through a valid license is instrumental in fostering trust with banks, ultimately paving the way for essential banking relationships crucial to the success of any cryptocurrency exchange.

Cooperation on a global scale

Worldwide, research and development efforts are ongoing to establish regulations for different types of crypto currency. Numerous countries are in the process of formulating policies and legislation, although progress varies due to different reasons. Some nations have implemented partial cryptocurrency regulations, while others are actively working to comprehensively regulate the entire cryptocurrency space. For instance, in the U.S., crypto exchanges are already subject to regulations. Meanwhile, within the EU, laws are evolving to mandate that crypto service providers identify and prevent illicit uses of cryptocurrency.

Changing microeconomics of crypto regulations

As cryptocurrency plays an increasingly prominent role in the global investment landscape, countries have adopted diverse approaches to regulating this asset class. The European Union took the lead by implementing measures mandating crypto asset management service providers to identify and prevent illicit uses of cryptocurrency. In the United States, the Biden administration provided clarification on cryptocurrency use and regulation in 2022, setting the stage for the development of the digital dollar. Meanwhile, various countries apply different classifications and tax treatments to cryptocurrency.

How the future of crypto can evolve with better regulations 

The trajectory of cryptocurrency’s future will inevitably be influenced by the unfolding regulatory landscape. While the United States is just one among numerous jurisdictions grappling with how to navigate the realm of crypto, its pivotal role in global financial markets adds significant weight to legal battles involving platforms like Coinbase and Binance.

The repercussions of such legal actions were immediately evident, with several cryptocurrencies mentioned in the Coinbase lawsuit experiencing substantial value declines. In response, various institutions began adopting more cautious approaches. For instance, Robinhood, a widely-used investment app that has expanded into the cryptocurrency space, announced on June 9 that it would cease supporting transactions involving Cardano, Solana, and Polygon (MATIC) in response to actions taken by the Securities and Exchange Commission (SEC).

The idea of regulating cryptocurrencies similarly to other investment products categorized as securities may seem reasonable, considering the established precedent for stocks. However, cryptocurrencies have evolved into a distinct asset class without a comprehensive regulatory framework overseeing them. Consequently, categorizing them as securities and subjecting them to crypto regulation isn’t as straightforward as filling out a form, especially since such a form does not currently exist.

This classification could leave creators of cryptocurrency projects with limited options for keeping their products on the market. A case in point is the SEC’s settlement with the crypto exchange Kraken in February 2022, where allegations regarding its unregistered security staking program led to a $30 million payment and the cessation of the program as part of the resolution.


Despite cryptocurrency’s existence since 2009, governments and regulators are still in the process of devising effective governance strategies. It is imperative to safeguard consumers and businesses from fraudulent activities, necessitating the implementation of preventive measures against illicit uses of cryptocurrency. Although progress is underway in many countries, the process is slow and often surrounded by controversy.


How Are Payments with Bitcoin Different than Credit Cards? 

Bitcoin transactions resemble cash exchanges, occurring directly between individuals without the involvement of financial intermediaries. While credit cards enjoy widespread acceptance, the process involves numerous intermediaries between merchants and customers, each charging fees for what they consider essential services.

Who Is the Crypto Regulator?

The Financial Conduct Authority (FCA) oversees the licensing of authorized businesses in the cryptocurrency asset management sector, including exchanges, within the currency system. Stringent rules are in place, and entities seeking a license must adhere rigorously to these regulations.

Are There Any Regulations on Crypto?

Within the existing legal framework in India, Virtual Digital Assets (VDAs) are neither explicitly regulated nor prohibited. Individuals and entities are permitted to possess, invest in, and engage in transactions involving VDAs, provided they adhere to the prevailing laws.

What are the challenges in regulating cryptocurrency?

One of the primary challenges faced by regulators is the precise classification of existing cryptocurrencies. The advent of crypto assets is a direct result of recent advancements in digital technology, introducing new opportunities for barter, investment, and financial transactions.

Why is regulation important in crypto?

Governments are acknowledging the necessity of addressing investor protection, market integrity, and potential risks linked to cryptocurrencies. Therefore, it is crucial to strike a balance between cryptocurrency regulation and innovation to guarantee the growth and sustainability of the industry.

What is the new regulation for crypto?

In the latest Union Budget for 2022, the Finance Minister introduced a tax framework for virtual or digital assets, encompassing cryptocurrencies. Investors in cryptocurrencies are obligated to disclose their computed profits and losses as part of their income reporting.

More on Crypto

As we continue constructing a fully regulated digital asset custody platform, ensuring secure storage for both crypto and fiat assets remains a critical priority. 

To facilitate the last checkpoint of enabling institutions to convert their digital asset treasury into fiat currency, we’re expanding beyond pure wallet infrastructure and integrating seamless fiat off-ramp capabilities for our partners.

We’re thrilled to announce our partnership with Encryptus, licensed and compliant off-ramp solutions tailored for institutional clients. This collaboration elevates Liminal’s service offerings by empowering our partners to convert their digital asset treasuries into fiat currencies efficiently.

Integrating A Seamless Off-Ramp Solution

The digital asset ecosystem historically faced friction points when transitioning between fiat and cryptocurrencies. Off-ramp solutions address this pain point by enabling efficient and streamlined conversion between asset classes, minimising value loss and simplifying compliance processes.

Here’s how off-ramp changes the game:

  • Reduced Friction: Frictionless conversion minimises delays and operational complexities associated with traditional fiat-crypto exchange methods.
  • Enhanced Efficiency: Streamlined workflows expedite asset conversion, increasing speed and cost-effectiveness for institutional and individual users.
  • Optimised Value Preservation: Advanced off-ramp solutions prioritise minimising price slippage and value loss during conversion, protecting user portfolios.
  • Simplified Compliance: Integrated compliance features navigate regulatory complexities, ensuring adherence to relevant financial regulations.

With our partnership with Encryptus, we have embedded their institutional-grade APIs, connecting their off-ramp solution within Liminal’s wallet and custody platform. 

This integration simplifies our clients’ liquidation requirements while keeping their assets secure and more:

  • Effortless Digital Asset to Fiat Conversion: Our partners will be able to access treasury management and facilitate business payments in 54 countries and individual payments in an extensive network of 80+ countries.
  • Streamlined Compliance and Regulation: Our partners will be able to leverage Encryptus’s rigorous licensing and compliance framework, ensuring adherence to stringent financial regulations.
  • Enhanced Platform Value: We will be able to expand the functionality of the Liminal custody solution, attracting institutional users seeking comprehensive digital asset management capabilities.

Moving Towards A Robust Off-Ramp Partnership With Encryptus

The partnership between Liminal and Encryptus earmarks a significant step forward in secure digital asset custody, representing a shared commitment to pushing compliant practices while supplying institutions with easy access to convert their digital assets to fiat. 

For Encryptus, the opportunity to integrate with Liminal’s established platform presents a chance to reach a wider audience and scale their innovative off-ramp solutions to new heights. By streamlining fiat conversion within Liminal’s secure custody infrastructure, Encryptus gains access to a trusted network of institutional users seeking seamless and compliant treasury management.

For Liminal, this collaboration reinforces our dedication to partnering with companies that demonstrably prioritise clear governance and robust policy frameworks. By aligning with Encryptus’s stringent compliance standards, we reaffirm our commitment to building a secure and sustainable future for digital assets, where trust and regulatory certainty go hand-in-hand.

January 22, 2024

Hello world, it’s that time of the month when we share the biggest security breaches in the world of Web3 through our Security and Regulatory Newsletter. 

Liminal believes in optimizing security and custody practices globally across the Web3 industry. Through our Newsletter, we highlight security, regulations, and compliance incidents that have happened in the past month and how one can follow better Security practices to safeguard their digital assets. 

We will also highlight regulatory changes that might have happened globally, which were significant to the overall ecosystem.

Dive in and get a detailed analysis of everything security and regulation in the domain of web3 with Liminal’s Monthly Security and Regulatory Newsletter.

Web3 Security Compromises in January

Abracadabra exploited for almost $6.5 million, Magic Internet Money stablecoin depegs

The Magic Internet Money ($MIM) stablecoin has lost its dollar peg again, dipping all the way below $0.77 in a flash crash before returning to around $0.95.

The depeg appears to be related to an exploit of the Abracadabra lending protocol, which allows people to borrow $MIM. An attacker exploited an apparent flaw in the platform’s smart contracts to drain around $6.5 million.

Goledo Finance hacked for $1.7 million

Goledo Finance, an Aave-based lending protocol, was exploited through a flash loan attack. The attacker stole assets estimated by CertiK to be around $1.7 million.

Goledo Finance contacted the attacker to offer a 10% “bounty” for the return of the remaining assets. In a message on January 29, the attacker wrote: “I hacked Goledo and want to negotiate.”

Socket service and its Bungee bridge suffer $3.3 million theft

The Socket cross-chain infrastructure protocol was hacked for around $3.3 million in an attack that exploited its Bungee bridge. The thieves were able to exploit a bug that allowed them to take assets from those who had approved a portion of the system called SocketGateway.

A little over 700 victims were affected, and the highest loss from a single wallet was around $657,000. 121 wallets lost assets priced at more than $10,000.

On January 23, the protocol announced they had recovered 1,032 ETH (~$2.23 million) of the stolen funds.

Web3 Regulatory Practices for January

The EU Imposes Stricter Due Diligence Rules for Crypto Firms

On Jan. 17, the European Council and the Parliament came to a provisional agreement on parts of the Anti-Money Laundering Regulation (AMLR) that now extends to the crypto sector.

Under the new rules, cryptocurrency firms will be required to run due diligence on their customers involving a transaction amounting to €1,000 ($1,090) or more. 

However, the agreement isn’t final yet as it has to be first officially adopted by the Council and Parliament before the rules can be applied.

So, after the EU passed its landmark MiCA regulation last year, which clarified rules about cryptocurrencies, regulators are now targeting the space with tighter controls. 

While these regulations bolster security and trust in the crypto market, potentially attracting more cautious investors and combating financial crimes, they also present challenges. 

The US State of Virginia Introduces Digital Assets Mining Rights

Recently, the Virginia State Senate introduced Bill No. 339, which outlines regulations for the transactions and mining of digital assets and their treatment under tax laws. 

The legislation exempts individuals and businesses engaged in crypto mining activities from obtaining money transmitter licenses. Additionally, it protects miners from any discrimination. 

Issuers and sellers of crypto are also exempted from securities registration requirements if certain conditions are met. Moreover, those offering mining or staking services are not to be classified as “financial investment” but must file a notice to qualify for the exemption.

The bill further incentivizes crypto’s use for everyday transactions by offering tax benefits. Under this, up to $200 per transaction can be excluded from an individual’s net capital gains or gains derived from using crypto to purchase goods or services, starting from Jan. 1, 2024.

Key Takeaways:

  • Hackers continue to exploit vulnerabilities in DeFi protocols and cross-chain bridges, highlighting the need for robust security measures.
  • Regulatory frameworks are evolving rapidly, with stricter AML rules and supportive legislation for emerging technologies like crypto mining.
  • Staying informed about these developments is crucial for navigating the digital assets market safely and responsibly.

Stay #LiminalSecure

These events highlight the constant evolution of Web3 security and regulation. You can confidently navigate this dynamic landscape by staying informed and prioritizing security best practices. 

At Liminal, we’re committed to empowering institutions to unlock the full potential of digital assets without compromising security or compliance norms with our robust custody and wallet infrastructure solutions. Join us on this journey towards a safer, more accessible future for digital assets.

January 15, 2024

Buckle up as we’re about to take a trip down memory lane. 

The year 2023 was a wild ride that showed signs of a plummeting market, groundbreaking innovation and regulatory hurdles. 

Contrastingly, in the same year, we saw no market-shattering crashes. Financial institutions extending an olive branch, key jurisdictions unlocking the doors to blockchain technology. 

Simultaneously, at Liminal, we experienced significant breakthroughs, re-engineering our positioning and becoming a pioneer in digital asset security with bank-grade custody. 

We took major strides this year, right from building comprehensive products to becoming a qualified custodian, from revamping our brand design to expanding our offices in newer locations, from partnering with hyper-local communities to onboarding a diverse set of clients,  we did it all. 

So, let us take you through everything we accomplished in 2023 and what the future holds.  

Liminal Became A Qualified Custodian

One of the prominent moves we made this year was to change our positioning as a regulated custodian from being a wallet infrastructure platform. 

We got two licenses in key jurisdictions to operate as a regulated custodian. 

The first one came from Hong Kong, where we acquired the TCSP license issued by the SFC, which oversees and regulates financial activities to ensure compliance with legal and regulatory obligations. 

Our next license came in the MENA region, where we got In-Principle Approval for the FSP license granted by the FSRA, a governing body in ADGM, to establish a progressive financial services environment. 

Both these licenses paved the way for Liminal to push its wallet infrastructure and offer bank-grade custody to institutions looking to operate in these particular regions. 

Liminal Introduced A Suite of Products & Features

Continuing our building spree, we launched new products and integrations to broaden the existing infrastructure and added more parameters of security, scalability and sustainability. 


Liminal launched staking for institutions to eliminate the risks involved in running staking nodes and the vulnerabilities in hot wallet transfer. 

Hence, we introduced an industry-first mechanism of cold wallet staking to ease staking for institutions and secure assets explicitly.  

Whitelabel Solution

Accelerating the go-to-market time for organisations looking to build a secure and customisable application, Liminal launched its whitelabel solutions

Targeted to help organisations meet security standards, manage assets with maximum control, and add their custom branding to give it a personal touch. Our whitelabel solution is a first-in-class custodian-developed solution for institutional grade custody.

Smart Consolidation

We are building not just secure custody but also automation-based features to eliminate manual errors, increase the throughput of transactions and scale institutional wallets. 

Taking this ahead, we launched the Smart Consolidation feature to automatically calculate all the active addresses and consolidate them into a single address. With this level of automation, managing multiple addresses becomes uber easy for wallet teams. 

Travel Rule 

To limit the use of cryptocurrencies for activities like money laundering and terror financing by regulatory bodies, travel rule was mandated for institutions to follow. 

Continuing the latest compliance integration policy, Liminal partnered with Notabene to introduce Travel Rule, enabling institutions to manage counter-party risk and extend the process of due diligence right from the Vaults dashboard.   

Liminal Accured List Of Security Certifications

Following our ISO certification for data privacy and risk management, we added two new security certifications to fortify our systems and build trust for our clients. 

Liminal Achieves Crypto’s Highest Security Mark: CCSS Level-3 Certified

Cryptocurrency security lacked a gold standard, creating a vulnerable ecosystem. Enter the CryptoCurrency Security Standard (CCSS), setting the bar for auditing and certifying custodian infrastructure and establishing levels of trust and confidence for investors. 

Liminal became only the second wallet infra platform and the first regulated custodian to be accredited with Level-3 certification, deeming wallets, transfer environments, workflows and engines safe and secure. 

Liminal Reciueved SOC 2 Type II Certification

To tackle threats in institutional-grade security, organisations’ SOC has been identified as the primitive compliance standard for service organisations to handle customer data.

Liminal successfully attained SOC 2 Type II certification, validating its setup of security controls & compliance processes to be industry standard. 

Liminal Level Up

Liminal unveiled its most significant platform upgrade ever, revolutionising the future design standard of a qualified custodian. This level-up activity included revamping our website and product UI, giving a completely new look and feel to not “Liminal” but “Liminal Custody”. 

The Liminal level-up activity was a strategic step and the biggest one for us this year to create an intuitive, inviting and tailored experience for our clients. 

Liminal Reached New Borders

We spread out our operations this year, reaching new borders and onboarding a new wave of institutions across gaming, DeFi, HNI wealth, treasuries, and exchanges! From Indonesia and Africa to India, UAE, and Korea, we are setting up custody operations worldwide. 

This isn’t just a roster of clients; it’s a network ready to spark connections, collaborations, and shared success to further the definition of secure assets. 

Liminal Collaborated With Law Enforcement Agencies

The best and the proudest moment of Liminal for this year was when we collaborated with CBI & Himachal Prashesh police department to aid them in seizing digital assets. 

This partnership put us on the map, as we became the first point of contact for LEAs in India, and we standardised the process of secure seizure of digital assets. Leveraging our expertise, we enabled a safe space for officers to learn the basics of custody, contributing to a safer digital landscape.

Team Liminal Grew Bigger

Building such a massive infrastructure, prioritising security and compliance over everything else, we had to grow the team to build at pace and expand at an even higher level. Not only did we grow in team numbers, but we also elongated our footprint to new destinations. 

Team Liminal went from 32 to 70 with 5 new offices in Mumbai, Ahmedabad, Hong Kong, Singapore and ADGM, setting up our custody operations steadfastly. 

What’s To Look Out For In 2024

We are excited to announce that our commitment to integrating the most secure digital asset wallets with a cutting-edge custody platform is swiftly becoming a reality. 

The upcoming year, 2024, will serve as a testament to this transformative journey. Moving beyond self-custody, we are constructing a comprehensive infrastructure encompassing both custodial and non-custodial wallets. Exciting products are set to launch starting from the first week of January, some of which are: 

  • Official Custody Platform Launch
  • Liminal’s Off-Exchange Settlement Hub
  • Secure Custody of Real-World ‘Tokenised’ Asset

The Web3 space has evolved explicitly this year, pushing the narrative of secure digital asset custody and security, introducing new regulations and compliance standards, licensing VASP providers and standardising the use of custodians as a trusted third party. 

At Liminal, we took major strides this year, from building comprehensive products to becoming a regulated custodian, from revamping our brand design to building the full infrastructure of custodial and non-custodial wallets.

January 5, 2024

Find Out How You Can Benefit From A Fully Self-Custodial Wallet Architecture