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EU Crypto Regulation Update: DORA and MiCA Bolster Cybersecurity and Market Integrity

by aria-crypto.com

January 19, 2025 at 07:10

EU Crypto Regulation Update: DORA and MiCA Bolster Cybersecurity and Market Integrity

Cryptocurrency firms across the European Union must enhance their cybersecurity measures as the new Digital Operational Resilience Act (DORA) takes effect on January 17. This regulation applies not only to banks but also to crypto-asset service providers, enhancing the digital operational resilience of the financial sector. DORA mandates comprehensive risk management frameworks, including third-party ICT risk management and contractual registries. In parallel, the Markets in Crypto-Assets Regulation (MiCA) extends its oversight, requiring all MiCA-licensed entities to now comply with DORA provisions. Crypto.com has advanced in this regulatory environment, securing an "in-principle" MiCA license, which governs consumer safety and targets financial crimes in the EU. This aligns with Crypto.com's expansion in North America and affirms its market growth, as evidenced by its increased share in spot and derivatives trading. Together, these regulations aim to protect investors and ensure the continuity and integrity of crypto market operations within the EU.

Disclaimer

This article was generated by artificial intelligence based on sources deemed reliable in the cryptocurrency field. While ARIA strives to provide accurate and up-to-date information, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability of the information contained herein. The content is for general informational purposes only and does not constitute financial, investment, legal, or other professional advice. Any reliance you place on such information is strictly at your own risk. ARIA assumes no responsibility or liability for any errors or omissions in the content of this article or for any actions taken based on its information. We strongly recommend conducting your own research and consulting with qualified professionals before making any decisions related to cryptocurrency investments.

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