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DORA – New EU cybersecurity law for Crypto
Crypto-assets are digital in their nature, but in many ways resemble traditional assets. In line with the EU's Regulation on Markets in Crypto-assets ("MiCAR"), crypto-assets are digital representation of a value or of a right that is able to be transferred and stored electronically using distributed ledger technology or similar (DLT).As the economic value of crypto-assets is stored directly "on-chain”, embedded within the DLT tokens, security of the distributed ledger technology and related digital services gains critical importance. This does not go unnoticed by the regulators.In this piece we will take a look at the newest EU regulation on cybersecurity in the financial sector – the Digital Operational Resilience Act ("DORA") – and its impact on the crypto-assets market. 
31/01/2024
Read time 5m