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Bitpowr’s Customizable Policy Engine

Rebecca lalav
Rebecca lalavOct 16, 2023
Bitpowr’s Customizable Policy Engine

Your Guide to Secure Digital Asset Management

Bitpowr’s policy engine is a fantastic tool for managing digital assets with ease. It gives you the power to create your own rules, ensuring your assets are secure and managed efficiently. Whether you want to stay compliant, simplify approve, automate funds, control withdrawals, or manage address lists. This article explains how Bitpowr’s policy engine works and why it’s beneficial for your business.

Creating Your Own Rules

Bitpowr’s policy engine is all about giving you the power to make your own rules. You can set up custom policies for your wallets, transactions, and what users can do. This means you can have a system that matches your unique business needs perfectly.

Important Policy Options

  1. Compliance Policy (AML & KYC)

This policy helps you follow important regulations like Anti-Money Laundering (AML) and Know Your Customer (KYC). You can create your own rules for spotting suspicious transactions and deciding what to do about them. It’s like having a digital security guard to protect your assets.

  1. Approver Policy

If your business has many people handling digital assets, the Approver Policy is handy. It lets you decide how many people need to approve a transaction and how many rejections are needed to stop it. This keeps your transactions secure and under control.

  1. Collection Policy

Sometimes, you need to automatically send money from one wallet to another when you receive it. The Collection Policy lets you set up the rules for this. You can decide how much money to send, when to send it, and other details. This helps streamline your money movements.

  1. Withdrawal Policy

Controlling how much money can be taken out of your wallet is crucial for security. Bitpowr’s Withdrawal Policy lets you set daily and monthly limits and decide when approval is needed. You can choose whether withdrawals are done through Bitpowr’s dashboard or via API, making it super easy to manage.

  1. Address Policy

With Bitpowr’s Address Policy, you can decide which addresses are allowed to receive and send money. You can create a whitelist for trusted addresses and a blacklist for untrusted ones. This adds an extra layer of security to your digital assets.

Conclusion

With Bitpowr, you can confidently navigate the world of digital assets, knowing that your operations are secure and hassle-free. If you’re ready to make the most of blockchain technology and create new opportunities for your business, Bitpowr’s all-in-one digital asset management system is the perfect choice. Try Bitpowr today and join the many businesses already benefiting from this innovative platform.

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