CASP-2 Exchange, Custody and Wallet Security - Kim CISO | Kamran Israr Kamran M. (Kim)
Kamran M. โ CISO | Cybersecurity & Technology Risk Leader | GCC ยท MENA ยท Levant | CBB ยท CBUAE ยท BDL ยท CBJ ยท SAMA | GRC ยท PCI DSS | CISM | DPO
Digitalโasset exchanges operating under ๐๐๐ ๐๐๐ฆ๐ฃโ๐ฎ face a uniquely demanding security and governance environment. The threat landscape continues to evolve โ from walletโlevel compromises to supplyโchain attacks and AIโenabled intrusion techniques โ and the regulatory expectations have evolved with it.
This is why CASPโ2 places custody, wallet tiering, and keyโmanagement discipline at the center of the supervisory perimeter. These are not optional best practices; they are the controls examiners expect to see evidenced endโtoโend.
My latest briefing outlines the architecture CASPโ2 exchanges must demonstrate:
๐น ๐ช๐ฎ๐น๐น๐ฒ๐ ๐๐ถ๐ฒ๐ฟ๐ถ๐ป๐ด โ hot, warm, cold, MPC, HSM
๐น ๐๐๐ฏ๐ฟ๐ถ๐ฑ ๐ฐ๐๐๐๐ผ๐ฑ๐ โ MPC + HSM + multiโsig
๐น ๐๐ฒ๐ ๐บ๐ฎ๐ป๐ฎ๐ด๐ฒ๐บ๐ฒ๐ป๐ ๐น๐ถ๐ณ๐ฒ๐ฐ๐๐ฐ๐น๐ฒ โ generation โ storage โ rotation โ usage โ destruction
๐น ๐ญ๐ฒ๐ฟ๐ผ ๐๐ฟ๐๐๐ ๐ผ๐ฝ๐ฒ๐ฟ๐ฎ๐๐ถ๐ผ๐ป๐ โ continuous authentication, microโsegmentation, behavioral analytics
๐น ๐๐ป๐ฐ๐ถ๐ฑ๐ฒ๐ป๐ ๐ฟ๐ฒ๐๐ฝ๐ผ๐ป๐๐ฒ ๐บ๐ฎ๐๐๐ฟ๐ถ๐๐ โ freeze protocols, onโchain tracing, regulator notification
๐น ๐๐ฎ๐ถ๐น๐ ๐ฟ๐ฒ๐ฐ๐ผ๐ป๐ฐ๐ถ๐น๐ถ๐ฎ๐๐ถ๐ผ๐ป & ๐ฎ๐๐ฑ๐ถ๐ ๐๐ฟ๐ฎ๐ถ๐น๐ โ the backbone of CRAโ8
The message is simple:
๐ฆ๐ฒ๐ฐ๐๐ฟ๐ถ๐๐ ๐ฐ๐ผ๐ป๐๐ฟ๐ผ๐น๐ ๐ฎ๐น๐ผ๐ป๐ฒ ๐ฑ๐ผ๐ปโ๐ ๐ฝ๐ฟ๐ผ๐๐ฒ๐ฐ๐ ๐ฎ ๐๐๐ฆ๐ฃโ๐ฎ ๐ฒ๐ ๐ฐ๐ต๐ฎ๐ป๐ด๐ฒ. ๐๐ผ๐๐ฒ๐ฟ๐ป๐ฎ๐ป๐ฐ๐ฒ ๐บ๐ฎ๐๐๐ฟ๐ถ๐๐ ๐ฑ๐ผ๐ฒ๐.
Bahrain and the GCC are building one of the worldโs most advanced digitalโasset regulatory ecosystems. Our operational discipline must match it โ not because regulators demand it, but because the threat landscape already does.
Kim | CISO | Bahrain
CASPโ2 | Custody โข Wallets โข Key Management โข Governance
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