The MiCA and DORA regulations were also a necessary and important step by the EU to protect investors, preserve confidence and maintain security within the digitalisation and information communications sector.

A MiCA (Markets in Crypto-Assets) is an EU-wide legal framework for the digital financial sector, whereby the EU has established a regulatory framework for cryptoassets, cryptoasset issuers and cryptoasset providers.
The regulatory framework aims to protect investors and help preserve financial stability, while enabling innovation and increasing the attractiveness of the crypto asset industry.

The MiCA protects investors by increasing transparency, creating a comprehensive framework for issuers and service providers, including compliance with anti-money laundering rules. The new rules are
haszontoken
the
asset-based tokens
and so-called “
stable cryptocurrencies
” apply to issuers. The regulation also covers service providers, such as trading venues, and wallets where crypto assets are held.

A DORA (Digital Operational Resilience Act) through the European Union has established a harmonised regulatory framework in the form of a regulation to strengthen the information and communication technology (ICT) security of financial institutions.

The Regulation regulates uniform cybersecurity standards in five main areas:

• Governance requirements for governing bodies, managers
• ICT risk management requirements
• Digital operational resilience testing
• External service providers’ risk management, contracts and supervision
• Information sharing