Page 30 - CMA Journal (Jan-Feb 2026)

Focus Section

4) Risks and the Way
Forward

Regardless of its potential, the digital
asset and blockchain journey is not
risk free. Key considerations for the
Modern CMA include:
• Custody and Private Key
Management: The control of
digital assets lies with private
key holders; failing to manage
the keys correctly or to keep
them secure is equivalent to
losing them forever. Custody
strategies, including institutional and self-custody,
have to strike a balance between security, operating
References
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needs to complement traditional skills with
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In 8th International Conference on Accounting, Management, and
financial integrity. Within this emerging paradigm, the Economics (ICAME 2023) (pp. 628-667). Atlantis Press.
CMA will not be a spectator but a strategic architect and
manager of digital assets, ensuring their inclusion in About the Author: Dr. Azeema Begum holds a PhD in Economics
financial statements and their effective utilization for the and has authored over 23 published articles and presented more
than 15 research papers at international and national conferences.
benefit of stakeholders. The accounting, regulatory, and
With eight years of diverse research experience across multiple
strategic aspects of Blockchain will define the competen- organizations, she currently serves as Assistant Manager, Research
cies of the next generation of financial leaders. and Publication, at Saviours.

28 ICMA’s Chartered Management Accountant, Jan-Feb 2026