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Verified restriction · key points (not the full text)

Digital Asset Protection Foundation set up to ensure safe return of user funds from closed-down VASPs (September 2024)

Authority: Financial Services CommissionFirst published: View the official source

Document text

Verified restriction: key points stated in the official source

Industry-led protection foundation established

Covers user asset returns when VASPs close

User protection embedded in exit arrangements

Independent source key points; not an official full text or licensed full translation.

Because the source’s reuse terms do not authorise commercial full-text republication, this page presents key points independently compiled by Man Kun. It is not the official full text or a complete translation. Please consult the official source for the complete document and its annexes.

Key cautions

  • Industry-led protection foundation established
  • Covers user asset returns when VASPs close
  • User protection embedded in exit arrangements

Sources