NOWPayments and BlockSec Release Checklist with 25 Crypto Payment Security Controls

Joint release of a 25-measure compliance checklist addresses critical risks like private key exposure and stablecoin freezing, aiming to standardize security protocols for crypto payment systems.

Woofun AI reports that NOWPayments and BlockSec have jointly published the "Crypto Payment System Security and Technical Compliance Checklist" to assist businesses in fortifying their cryptocurrency payment infrastructure. The document outlines nine major categories comprising 25 specific control measures, addressing private key security, smart contract integrity, transaction verification, identity management, domain protection, on-chain monitoring, AML/CFT compliance, stablecoin freezing risks, and continuous improvement processes.

NOWPayments identified private key exposure, suspicious transactions, account takeover, and stablecoin freezing as primary threats, emphasizing the need for robust wallet management and compliance monitoring due to transaction irreversibility. BlockSec co-founder Andy Zhou noted that treating crypto payments like traditional online transactions is a common error, where weak key management and inadequate checks can result in permanent fund loss. The checklist is designed to support pre-deployment planning, vendor assessment, and daily reviews, enabling cross-functional teams to identify risks and define responsibilities.