EU’s new ‘DORA’ rules come into effect: What does it mean for crypto?
Europe’s Digital Operational Resilience Act now applies to crypto businesses, expanding MiCA’s scope and requiring firms to enhance cybersecurity and risk management.
Cryptocurrency businesses in the European Union are subject to new cybersecurity regulations as the Digital Operational Resilience Act (DORA) takes effect on Jan. 17.
DORA impacts cybersecurity and resilience practices by virtual asset service providers (VASP) in the region.
To comply with DORA, financial entities in the EU are required to have a comprehensive register of their contractual arrangements with third-party IT service providers to ensure safe infrastructure and risk management.
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Author: Helen Partz
