MACS

Minimum Acceptable Crypto Standard

The Minimum Acceptable Crypto Standard (MACS) is a governance reference framework for the handling of cryptographically secured digital assets.

MACS defines minimum requirements for decision structures, responsibilities, documentation and control mechanisms that organisations should meet in order to ensure that their handling of crypto-assets is structured, traceable and not negligent.

The standard is intended for organisations that use crypto-assets, intend to use them, or have deliberately decided against using them — as well as for advisers, auditors and control functions that must assess compliance with minimum standards.

What MACS is

MACS addresses whether and how organisations assume responsibility — not which technology or which product is used.

What MACS is not

Applying MACS is the organisation’s responsibility and does not replace professional advice tailored to the specific circumstances.

The standard

Governance and maintenance

MACS is maintained as an open reference standard. The editor is responsible for coherence, versioning and integrity of the standard. Binding versions of MACS are published and versioned exclusively by the editor. No ownership or exclusivity claims are asserted.

Referencing

MACS is freely accessible and may be cited and referenced. To ensure consistent application, MACS provides recommended wording for referencing the standard in policies, disclosures and audit documentation.