What is the primary risk of using custodial wallets?
I'm concerned about the safety of my digital assets and want to understand the main risk associated with using custodial wallets. What is the primary risk I should be aware of?
Do custodial wallets have private keys?
I'm curious to know if custodial wallets, which are often used to store and manage digital assets like cryptocurrencies, possess private keys. Private keys are essential for accessing and controlling digital currencies, so it's important to understand how they're managed in custodial wallets. Are the private keys for these wallets securely stored and controlled by the user, or are they managed by a third-party service provider? And if they're managed by a third-party, what measures are in place to ensure the safety and security of those private keys?
Does Belgium require crypto exchanges and custodial wallets to register?
Inquiring minds may be wondering, does Belgium impose a registration requirement on cryptocurrency exchanges and custodial wallet providers? Given the rapidly evolving nature of the digital asset landscape, it's essential to stay abreast of regulatory frameworks in various jurisdictions. Belgium, as a European Union member, likely adheres to certain EU-wide regulations, but it's crucial to understand if there are any additional domestic measures in place. Could the answer to this question hold the key to ensuring compliance for cryptocurrency businesses operating in or serving the Belgian market?