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EU Embraces Fireblocks' Cyber Resilience Tools Amidst Enhanced Crypto Regulations

by aria-crypto.com

March 6, 2025 at 09:06

EU Embraces Fireblocks' Cyber Resilience Tools Amidst Enhanced Crypto Regulations

Crypto custody firm Fireblocks has introduced a new cyber security solution aimed at aiding companies in adhering to the Digital Operational Resilience Act (DORA) recently implemented across the European Union. The act, which became effective in January 2025, sets stringent resilience requirements for firms within the EU, not differentiating between large financial institutions and smaller fintech or crypto firms. Given the increasing susceptibility of crypto firms to cyber attacks, the necessity for robust cyber defense mechanisms is more pronounced, a need underscored by recent malicious attacks on major crypto platforms like Bybit.

Fireblocks' Cyber and Operational Resilience (COR) package offers features including legal addendums, periodic reports, and annual pooled security audits to help firms meet compliance challenges. This initiative by Fireblocks is timely as both the crypto industry and regulatory frameworks like DORA and MiCA evolve, stressing the importance of cyber resilience for sustainable growth in the crypto market within the EU's regulatory environment. Furthermore, the implementation of MiCA provides a comprehensive regulatory framework that underscores the EU's commitment to fostering a secure and transparent crypto market, setting a precedent that could influence global crypto regulations.

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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