Liminal Custody Solutions (Liminal), a digital asset custody and wallet infrastructure provider in the APAC and MENA region, has achieved General Data Protection Regulation (GDPR) compliance, the firm told AlexaBlockchain.
Liminal said this achievement not only underscores the company’s dedication to data security and user privacy but also establishes a new benchmark for trust and transparency in the rapidly evolving digital asset ecosystem.
The announcement comes amidst growing concerns about data privacy and security in the digital asset industry, where incidents of breaches and unauthorized access have raised alarms among investors and regulatory bodies alike.
Liminal’s successful attainment of GDPR compliance reaffirms its commitment to safeguarding user data and adhering to the highest standards of privacy protection.
According to Dhruvil Shah, the Senior Vice President of Technology at Liminal, achieving GDPR compliance is not merely a legal obligation but a reflection of the company’s core values.
Shah emphasized that Liminal recognizes the sensitive nature of user data and is steadfast in upholding stringent data protection standards. The validation from Prescient Assurance LLC further reinforces Liminal’s adherence to established data security and privacy practices.
One of the notable developments accompanying this milestone is the introduction of GDPR-aligned wallet infrastructure by Liminal. As a company already certified with CCSS Level 3, SOC Type 2, ISO 27001 & 27701 certifications, Liminal’s GDPR-aligned wallet infrastructure takes user privacy a step further.
Users can now benefit from enhanced protection of personal and financial data, thanks to stringent regulatory practices incorporated into Liminal’s wallet offerings.
The GDPR-aligned wallets introduced by Liminal boast features designed to enhance user control, transparency, and security.
Users have complete control over their personal data, with clear and concise information provided on data collection, usage, and storage practices. Moreover, industry-leading security protocols and technologies are employed to safeguard user data, ensuring robust protection against potential threats and breaches.
The significance of GDPR compliance and aligned infrastructure cannot be overstated in the context of the digital asset industry’s dynamic landscape. With rapid innovation and evolving regulations, trust and compliance have become paramount considerations for institutions and individuals alike. By achieving GDPR compliance and offering GDPR-compliant wallets, Liminal positions itself as a trusted provider capable of meeting the stringent security and regulatory requirements of the industry.
Looking ahead, Liminal said that it remains committed to upholding the highest standards of data security and privacy. The company pledges to continue investing in compliance efforts and adapting its practices to evolving regulations, thereby ensuring a secure and trustworthy environment for its users.
As digital assets continue to gain prominence in global financial markets, initiatives like Liminal’s GDPR compliance set a crucial precedent for responsible and secure crypto asset management practices.
Read Also: Liminal Unveils White-label Crypto Custody Solution
