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Does SQL server 2008 standard edition supports CREATE CERTIFICATE and CREATE MASTER KEY t-sql statements for encryption using certificates?
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No. According to http://www.microsoft.com/sqlserver/2008/en/us/editions-compare.aspx it is only Enterprise edition that supports that. However, if you are lucky, it might change in R2, as serveral features are moved down the edition ladder. But I am not sure if that actually includes TDE
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