KEY POINTS
- DORA is 'a shift toward establishing greater trust and accountability across the industry': Jason Allegrante of Fireblocks
- While the issue on global regulatory fragmentation remains, DORA has 'harmonization as its end objective': Allegrante
- The scale of DORA's requirements has been 'daunting' for many, especially in line with MiCA compliance
The European Union's Digital Operational Resilience Act (DORA) comes into effect today despite increased industry concerns that market participants aren't prepared for the new requirements, especially with the second phase of the bloc's Markets in Crypto-Assets Regulation (MiCA) having been recently implemented.
