@naobois
What is custody?
Super simply, it's about who holds your money or assets and who has the final say.
Bank deposits work like this👇
Your money
→ The bank holds it
→ The rules are set by the bank and the government
Therefore
・It can be frozen
・Transfers take time
・There are many restrictions
This is called **custody (entrusting it to someone else)**.
On the other hand, self-custody is the exact opposite.
Your money
→ You manage it directly
→ You hold the key (password)
No bank or company is involved.
It's like "keeping a safe at home and holding the key yourself." 🔑
Next is JPYC.
JPC is a "digital yen," but
it's not yen stored in a bank.
・It's stored in your smartphone wallet
・It can be sent 24/7
・It can be used even without a bank account
In other words,
It's yen, but it doesn't go through a bank.
This is the crux of the sentence.
JPYC is not just a digital asset...
To break it down, we can rephrase it like this: 👇