Digital Asset Recovery Regulatory Review
Regulatory expectations, mapped to recovery controls.
A jurisdiction-by-jurisdiction view of recovery, resilience, and evidence controls regulators expect for digital asset services.
Robust private key security and access controls
Segregation and redundancy to avoid single points of failure
Tested recovery and continuity capabilities
Audit-ready recordkeeping and evidence production
Across jurisdictions, regulators converge around four core pillars:
Private key governance
- Clear ownership, strong access controls, and reduced online key exposure.
Operational resilience
- Documented recovery plans, regularly tested processes, and continuity readiness.
Governance & accountability
- Defined responsibilities, approval steps, and ongoing oversight.
Audit logs & documented procedures
- Audit logs, documented processes, and end-to-end traceability for recovery events.
Private key governance
- Clear ownership, strong access controls, and reduced online key exposure.
Operational resilience
- Documented recovery plans, regularly tested processes, and continuity readiness.
Governance & accountability
- Defined responsibilities, approval steps, and ongoing oversight.
Audit logs & documented procedures
- Audit logs, documented processes, and end-to-end traceability for recovery events.
About this regulatory review
CoinCover Recover for Institutions
Keep your keys secure, behind rock-solid hot and cold protection
Regulatory review summary
| Jurisdiction | Regulations | Themes | How CoinCover Assists |
| Australia |
ASIC INFO 225, RG 133, Custody Guidance (Part E), Report 705 | Key control as custody trigger; hot storage minimisation; private key safeguards; operational resilience & recordkeeping |
CoinCover Recover: Supports secure recovery flows and assists with verification checks. CoinCover Recover for Institutions: Supports reduced online key exposure. Both: Supports clear recovery records. |
| Canada | CSA Staff Notices (e.g., 21-329, 21-332) and PRU expectations; FINTRAC MSB regime | Custody safeguards; resiliency & security controls; assurance expectations; AML/CTF recordkeeping |
CoinCover Recover: Captures structured recovery case records. CoinCover Recover for Institutions: Establishes controlled recovery steps. |
| European Union | MiCA (Articles 62, 70); DORA (Chapter II: Articles 6, 11) |
Safekeeping & private key protection; ICT risk management; BCP/DR; incident readiness; third-party risk |
CoinCover Recover: Supports recoverability and continuity. CoinCover Recover for Institutions: Supports firms with the generation of evidence for testing and incidents. |
| Hong Kong |
SFC VATP Guidelines (2022) (incl. 98/2 requirement; 10.6(c) 10.8(a); related SFC/HKMA security governance guidance |
98/2 cold storage expectation; key safeguards; segregation & redundancy; single-point-of-failure avoidance |
CoinCover Recover: Enables secure recovery flows. CoinCover Recover for Institutions: Strengthens recoverability for offline storage setups. |
| Singapore |
Payment Services Act; MAS TRM Guidelines (s.8–10); FSMA reporting/returns |
Technology risk governance; DR/BCP; supervisory readiness; record production |
CoinCover Recover: Standardises recovery processes. CoinCover Recover for Institutions: Aligns recovery planning with continuity needs. Both: Produces records when requested. |
| United Arab Emirates | VARA Regulations 2023 (Rule 2.4 and 2.6); ADGM FSRA 2022 Guidance (Section 9.3.3 and 9.3.7) | Operational resilience; segregation & geographic redundancy; scenario-based recovery; RTO/RPO alignment |
CoinCover Recover: Standardises recovery processes. CoinCover Recover for Institutions: Creates separated, resilient recovery arrangements. |
| United Kingdom | FCA SYSC 4.1 and 13; Principles for Businesses (Principle 10 and 12) | Systems & controls; continuity; client asset protection; governance |
CoinCover Recover: Reduces disruption from access-loss events. CoinCover Recover for Institutions: Reinforces strong recovery controls. Both: Maintains records for oversight. |
| United States | SEC custody expectations; SEC Item 1.05; Reg SCI; cybersecurity disclosure expectations | Key safeguarding policies; resiliency & integrity; incident documentation readiness; governance controls |
CoinCover Recover for Institutions: Establishes controlled recovery procedures. Both: Generates time-stamped recovery records. |
Requirements vary by jurisdiction, but annual testing and ongoing governance are common themes. CoinCover supports this with the ability to run annual recovery simulations, generate certification, and provide quarterly review evidence you can use across multiple regulatory jurisdictions.
Designed to support global regulatory requirements.
We'll help support your firms' alignment with regulatory expectations including:
EU MiCA and DORA timelines and resilience expectations
US SEC-related safeguarding and disclosure expectations
Other jurisdictions with similar expectations on custody, resilience, and consumer protection
EU MiCA and DORA timelines and resilience expectations
US SEC-related safeguarding and disclosure expectations
Other jurisdictions with similar expectations on custody, resilience, and consumer protection
Resources
Secure and protect your digital assets
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