TechFlow news — On January 17, according to Cointelegraph, the EU's Digital Operational Resilience Act (DORA) officially came into effect. The legislation requires cryptocurrency firms to comply with new cybersecurity regulations. Under the rules, financial entities within the EU must establish a complete register of contractual arrangements with third-party IT service providers to ensure infrastructure security and risk management.
DORA extends the EU's Markets in Crypto-Assets Regulation (MiCA), aiming to enhance organizations' ability to withstand disruptions such as cyberattacks and IT failures, with the ultimate goal of strengthening investor protection and market integrity. Matt Sullivan, Deputy General Counsel and Head of Ireland at crypto infrastructure firm MoonPay, said that all MiCA-licensed crypto asset service providers must comply with DORA requirements.
