NOWPayments and BlockSec Release Crypto Payment Security Compliance Checklist, Covering 25 Security Control Measures

BlockBeats News, July 27: Crypto payment gateway service provider NOWPayments and blockchain security company BlockSec have jointly released the "Crypto Payment System Security and Technical Compliance Checklist," aimed at helping businesses enhance the security of their crypto payment systems. The checklist includes 9 major security and compliance categories, with a total of 25 control measures, covering areas such as private key and wallet security, smart contract security, transaction verification and signing, identity and account management, domain security, on-chain monitoring and incident response, AML/CFT technical compliance, stablecoin freeze risk management, and continuous improvement. NOWPayments stated that the main risks faced by crypto payment systems include private key leaks, suspicious transactions, account takeovers, and stablecoin freezes. Due to the irreversible nature of on-chain transfers, businesses need to establish more robust wallet management, transaction approval, and compliance monitoring mechanisms. BlockSec co-founder Andy Zhou noted that many businesses mistakenly view crypto payments as traditional online payments, but on-chain transactions cannot be reversed once executed. Weak key management, unauthorized transaction approvals, and insufficient compliance checks can all lead to permanent financial losses. The checklist is designed to assist businesses during crypto payment deployment, vendor evaluation stages, and routine security reviews, helping security, operations, compliance, and product teams jointly identify risks and clarify accountability. NOWPayments currently supports over 350 cryptocurrencies and more than 30 stablecoins, providing merchants, online platforms, and enterprises with crypto payment, auto-conversion, and settlement services. BlockSec offers blockchain security services such as smart contract auditing, real-time security monitoring, attack defense, and on-chain investigations. [Original Link]