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Since 2020, markets for digital assets such as cryptocurrencies and non-fungible tokens (NFTs) have seen remarkable development and growth. Recent months have seen these markets cool dramatically, but many businesses that chose to begin to hold digital assets continue to do so.
Like any other asset, digital assets can be vulnerable to wrongdoing unless appropriate steps are taken to keep them safe. Are there specific considerations for private businesses that have purchased crypto or that are considering doing so? Price volatility is probably the best understood risk around digital assets but safeguarding these assets from fraud and theft is just as important.
This article seeks to highlight steps that non-crypto specialist organisations should ask themselves as they consider whether their business and investments are well protected from fraud and economic crime.