Abstract:

As crypto-assets gain popularity and economic value, their security has become a key concern for both market participants and regulators. The value of these assets is stored "on-chain," embedded in distributed ledger technology (DLT) tokens, making the security of the DLT crucial. Any vulnerabilities could lead to severe losses. To address these risks, European regulators introduced the Digital Operational Resilience Act (DORA), a significant step in strengthening cybersecurity across the financial sector, including the growing crypto market. This article describes this growing regulatory regime and advances recommendations for the sector.

Keywords:
Blockchain Technology, ESMA, Operational Risk, Cybersecurity, Digital Operational Resilience Act, Markets in Crypto-Assets Regulation, Crypto, Crypto-Assets, Crypto-Asset Service Providers

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CITE THIS PAPER AS:
Diana STETIU, "Cybersecurity and Crypto-Assets: Legal Perspectives", International Journal of Cyber Diplomacy, ISSN 2668-8662, vol. 5, pp. 65-74, 2024. https://doi.org/10.54852/ijcd.v5y202405