This standard defines an extension framework based on P2140.1. The extension framework uses a Smart Contract mechanism to process transactions on an exchange, to replace the role of exchange operators. Cryptographic solutions to provide "data privacy" and "data protection" are defined. This standard also defines a series of extensible interfaces for the exchange scenario, enabling support of third-party financial derivatives using tokens.
- Standards Committee
- CTS/BSC - Blockchain Standards Committee
- Active PAR
- PAR Approval
Working Group Details
Other Activities From This Working Group
Current projects that have been authorized by the IEEE SA Standards Board to develop a standard.
Standard for User Identification and Anti-Money Laundering on Cryptocurrency Exchanges
This standard defines requirements for multiple aspects of user identification and Anti-Money Laundering on cryptocurrency exchanges, such as KYC (Know Your Customer) and AML (Anti-Money Laundering) regulations, outsourcing proper compliance measures to third-party solutions, and building up a self-regulatory layer of security and accountability among exchanges. It is to keep customers from malignant influence of unethical and illegal money that can be traced back inside/outside the cryptocurrency space. It is different from the P2140.2 standard, which is based on the protection of customer cryptographic assets.
Standards approved by the IEEE SA Standards Board that are within the 10-year lifecycle.
IEEE Standard for General Requirements for Cryptocurrency Exchanges
Self-discipline and professional ethics of cryptocurrency exchange platforms, as well as relevance between them and to cryptocurrency wallets are covered in this standard. Exchange business logic, operational procedures, user authentication programs are also covered in this standard. In addition, a small but necessary technical category of requirements, including terminologies, basic architectural framework, key indicators, end-user interface specifications, in order to achieve the previously mentioned goals is covered in this standard.
IEEE Standard for Security Management for Customer Cryptographic Assets on Cryptocurrency Exchanges
In this standard requirements are defined for multiple aspects of security management for customer cryptographic assets on cryptocurrency exchanges, such as user identification using multi-factor authentication, prioritized protection of customer assets under unforeseen circumstances, and professional ethics of operation for cryptocurrency exchange platforms.
IEEE Standard for a Custodian Framework of Cryptocurrency
A framework of a custodian service for cryptocurrency and token assets is defined in this standard. Custodian reference technical architecture, business logic description, custodian service business models, digital asset evaluation criteria, operational procedure models, and regulatory requirement support models are included in this framework.
These standards have been replaced with a revised version of the standard, or by a compilation of the original active standard and all its existing amendments, corrigenda, and errata.
No Superseded Standards
These standards have been removed from active status through a ballot where the standard is made inactive as a consensus decision of a balloting group.
No Inactive-Withdrawn Standards
These standards are removed from active status through an administrative process for standards that have not undergone a revision process within 10 years.
No Inactive-Reserved Standards