Working Group Details
CEWG - Cryptocurrency Exchange Working Group
|Working Group Chair||
CES/BSC - Blockchain Standards Committee
|IEEE Program Manager|
P2140.2 - Standard for Security Management for Customer Cryptographic Assets on Cryptocurrency Exchanges
This standard defines requirements 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.
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.
P2140.4 - Standard for Distributed/Decentralized Exchange Framework using DLT (Distributed Ledger Technology)
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.
IEEE 2140.1-2020 - IEEE Approved Draft Standard for General Requirements for Cryptocurrency Exchanges
The factors of concern for this standard involve multiple aspects, including self-discipline and professional ethics of cryptocurrency exchange platforms, as well as relevance between them and to the cryptocurrency wallets. This standard also describes the exchanges' business logic, operational procedures, transaction specifications, user authentication programs, and fair voting system to ensure the safety of users' assets and keep the overall exchanges fair and transparent to all participants. In addition, the standard provides a small but necessary technical category of requirements, including terminologies, data modeling, basic architectural framework, key indicators, end-user interface specifications, in order to achieve the previously mentioned goals.