Amber Group, Thoughtworks, and Web3 Security Leaders Release White Paper on Digital Asset Security, Compliance, and Risk Management
Amber Group and a consortium of industry leaders have released a joint white paper titled “Digital Asset Security, Compliance, and Risk Management.” The paper provides valuable insights into the challenges and opportunities facing the digital asset industry, particularly in light of Hong Kong’s new regulatory regime for digital assets.
Digital assets, such as cryptocurrencies, have been driving innovation and growth in the digital economy. However, they also pose significant challenges, including liquidity issues, price volatility, and security threats. A report by SlowMist reveals that vulnerabilities such as reentrancy and access control issues have led to $30 billion worth of stolen crypto as of July 2023. This highlights the urgent need for enhanced security measures and compliance in the digital asset industry.
The white paper offers a detailed analysis of the common risks and challenges faced by digital asset organizations and investors. It includes practical case studies that serve as a reference for enhancing digital asset security, compliance, and risk management capabilities. Additionally, the paper explores the importance of regulatory compliance in the digital asset industry. It provides guidance on adapting to different regulatory requirements and highlights the evolution of global regulatory frameworks.
Amber Group, with its 10 regulatory licenses and registrations globally, is committed to promoting and embracing regulatory compliance based on best practices. The company aims to enable digital asset organizations to expand globally in a compliant manner.
Dr. Chiachih Wu, Partner and Head of Web3 Security Team at Amber Group, emphasized the importance of prioritizing security, compliance, and risk management as digital assets gain popularity and usage. The white paper is the result of a collaboration between Amber Group, Thoughtworks, and other industry leaders. It aims to offer expert insights to help organizations navigate the complex challenges of the digital asset industry and contribute to building a trusted and sustainable digital economy.
To download the white paper, readers can visit Amber Group’s website. Further questions or concerns regarding the white paper can be addressed by contacting the company via email. Amber Group, Thoughtworks, and other industry leaders are also available for discussion.
Amber Group is a leading provider of digital finance services, specializing in digital wealth management and crypto-native liquidity solutions. The company offers a range of digital asset services, including liquidity provisioning, trading, financing, and investing. It is backed by prominent investors, including Fenbushi Capital US, Sequoia, Paradigm, Tiger Global, Dragonfly, Pantera, Coinbase Ventures, and Blockchain.com.
