This article will guide you through the system’s preferences and available settings. You should access this screen immediately after installing the cold vault to perform the initial system configuration.

The fiat currency that was selected for the system at system initialization can be seen under “System Currency”.

Networked computers keep their time synchronized using an internet clock. They have a clock chip that keeps time between synchronizations and while the system is shut down. However, most networked computers regularly check an online clock to calibrate their internal clocks.

Your Cold Vault cannot access the internet, so it cannot check its own clock against a global standard. It does, however, time-stamp the information it transmits to the rest of the Custody Infrastructure system and, by extension, to the blockchain.

The MPC, on the other hand, keeps its clock synced via the Internet. By checking the Cold Vault's timestamps against its own time clock, the MPC can see if the Cold Vault's clock becomes out of sync with the rest of the system.

When the MPC detects that the Cold Vault is out of sync with the actual time, it sends notifications to the desktop and mobile apps.

Synchronization Procedure

An admin must perform the Cold Vault clock sync as it involves changing the system preferences.

After verification, the Cold Vault sleeps for the input number of seconds. During this time, its clock stays frozen. When the Cold Vault wakes, the clock will be in sync with the rest of the solution.

Select whether your organization will use internal AML processes or utilize Chainalysis to assess transaction risk. Internal AML allows you to exercise manual AML control over inbound transactions only; external AML utilizes automated inspection and enforcement of both inbound and outbound transactions.

Activating external AML requires at least one user to be assigned to a role that includes compliance management permissions. See Roles for details about compliance management permissions.

For more information about how AML checks operate on the Custody Infrastructure platform, see Anti-Money Laundering.

Managing withdrawal limits at the Cold Vault level involves a few key considerations. Here’s a simplified breakdown:

Remember, these limits help maintain security and control while ensuring efficient operations.

MPC Driven Mode allows users to set roles, groups, policies, etc. in the MPC instead of the cold vault. See Cold-driven vs. MPC-driven Modes for more information.

These settings determine how long the system waits for complete approval. If a transaction isn’t fully approved within this timeframe, it reaches a timeout and gets canceled. The cold vault and MPC have individually configurable timeouts.