The EU Digital Operational Resilience Act officially comes into effect

ChainCatcher news, according to Cointelegraph, the EU's Digital Operational Resilience Act (DORA) has officially come into effect, requiring cryptocurrency companies to comply with new cybersecurity regulations. According to the regulations, financial entities within the EU must establish a comprehensive register of third-party IT service provider contract arrangements to ensure infrastructure security and risk management.

DORA is a further extension of the EU's Markets in Crypto-Assets Regulation (MiCA), aimed at enhancing the ability of companies to respond to 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 company MoonPay, stated that all crypto asset service providers licensed under MiCA must comply with DORA's requirements.