Cybersecurity and Crypto-Assets: Legal Perspectives

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.