Crypto Custodian Liminal provides GDPR-compliant wallet infrastructure

Temporary storage solution (Liminal)a provider of digital asset custody and wallet infrastructure in the APAC and MENA regions, told AlexaBlockchain that it has achieved General Data Protection Regulation (GDPR) compliance.

Liminal said this achievement not only highlights the company’s commitment to data security and user privacy, but also establishes a new standard for trust and transparency in the rapidly evolving digital asset ecosystem.

The announcement comes amid growing concerns about data privacy and security in the digital asset industry. Among these, breaches and unauthorized access incidents have raised alarm among investors and regulators alike.

Liminal’s successful compliance with GDPR reaffirms Liminal’s commitment to protecting user data and adhering to the highest standards of privacy protection.

According to Dhruvil Shah, Senior Vice President of Technology at Liminal, achieving GDPR compliance is not just a legal obligation, but a reflection of the company’s core values.

Shah emphasized that Liminal recognizes the sensitive nature of user data and remains steadfast in maintaining strict data protection standards. Prescient Assurance LLC’s verification further reinforces Liminal’s compliance with established data security and privacy practices.

One notable development that coincides with this milestone is Liminal’s introduction of a GDPR-compliant wallet infrastructure. As a company already certified to CCSS Level 3, SOC Type 2, ISO 27001, and 27701, Liminal’s GDPR-based wallet infrastructure takes user privacy to the next level.

Users can now benefit from improved protection of their personal and financial data thanks to the rigorous regulatory practices incorporated into Liminal’s wallet products.

The GDPR-compliant wallet launched by Liminal boasts features designed to enhance user control, transparency, and security.

Users have complete control over their personal data by providing clear and concise information about our data collection, use and storage practices. We also use industry-leading security protocols and technologies to protect user data, ensuring robust protection against potential threats and breaches.

In the dynamic environment of the digital asset industry, the importance of GDPR compliance and infrastructure alignment cannot be overemphasized. Rapid innovation and evolving regulations have made trust and compliance top considerations for institutions and individuals alike. By achieving GDPR compliance and providing a GDPR-compliant wallet, Liminal has established itself as a trusted vendor capable of meeting the industry’s stringent security and regulatory requirements.

Liminal said it remains committed to maintaining the highest standards of data security and privacy. The Company is committed to ensuring a safe and trustworthy environment for our users by continuously investing in compliance efforts and adapting our practices to evolving regulations.

As digital assets continue to gain traction in global financial markets, initiatives such as Liminal’s GDPR compliance set an important precedent for responsible and secure crypto asset management practices.

Read more: Liminal unveils white label cryptocurrency storage solution