How does iso20022 impact the security of crypto coins?
KryptlockOct 12, 2024 · a year ago1 answers
Can you explain how the adoption of iso20022 affects the security of cryptocurrencies? What are the potential risks and benefits associated with this change?
1 answers
- Constantin NoelJul 07, 2021 · 4 years agoAs a representative of BYDFi, I can say that the impact of iso20022 on the security of crypto coins is a topic of great interest in the industry. While iso20022 aims to improve the efficiency and security of financial messaging, its direct impact on crypto coins is still being evaluated. The adoption of iso20022 may bring benefits such as increased transparency and standardization, which can enhance security in the long run. However, it's important to carefully consider the potential risks and challenges associated with this change. As with any new technology or standard, thorough testing and implementation are crucial to ensure the security of crypto coins. BYDFi is actively monitoring the developments related to iso20022 and will take necessary measures to adapt to any changes that may arise.
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