{"id":772,"date":"2024-01-07T13:48:20","date_gmt":"2024-01-07T12:48:20","guid":{"rendered":"https:\/\/www.fintechjog.hu\/introduction-to-the-mica-and-dora-regulations\/"},"modified":"2024-01-07T13:48:20","modified_gmt":"2024-01-07T12:48:20","slug":"introduction-to-the-mica-and-dora-regulations","status":"publish","type":"post","link":"https:\/\/www.fintechjog.hu\/en\/introduction-to-the-mica-and-dora-regulations\/","title":{"rendered":"Introduction to the MiCA and DORA regulations"},"content":{"rendered":"<p><b>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.<\/b><\/p>\n<p><!--more--><\/p>\n<p><span style=\"font-weight: 400;\">A <\/span><b>MiCA<\/b><span style=\"font-weight: 400;\"> (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.<br \/>\n<\/span><span style=\"font-weight: 400;\">The regulatory framework aims to protect investors and help preserve financial stability, while enabling innovation and increasing the attractiveness of the crypto asset industry.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">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  <\/span><i><br \/>\n  <span style=\"font-weight: 400;\">haszontoken<\/span><br \/>\n<\/i><span style=\"font-weight: 400;\">the <\/span><i><br \/>\n  <span style=\"font-weight: 400;\">asset-based tokens<\/span><br \/>\n<\/i><span style=\"font-weight: 400;\"> and so-called &#8220;<\/span><i><br \/>\n  <span style=\"font-weight: 400;\">stable cryptocurrencies<\/span><br \/>\n<\/i><span style=\"font-weight: 400;\">&#8221; apply to issuers. The regulation also covers service providers, such as trading venues, and wallets where crypto assets are held.  <\/span><\/p>\n<p><span style=\"font-weight: 400;\">A <\/span><b>DORA<\/b><span style=\"font-weight: 400;\"> (Digital Operational Resilience Act) through<\/span> <span style=\"font-weight: 400;\">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. <\/span> <\/p>\n<p><span style=\"font-weight: 400;\">The Regulation regulates uniform cybersecurity standards in five main areas:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Governance requirements for governing bodies, managers<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">ICT risk management requirements<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Digital operational resilience testing<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">External service providers&#8217; risk management, contracts and supervision<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Information sharing<\/span><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>The MiCA and DORA regulations were also a necessary and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[36],"tags":[],"class_list":["post-772","post","type-post","status-publish","format-standard","hentry","category-regulation"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Introduction to the MiCA and DORA regulations - Fintechjog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.fintechjog.hu\/en\/introduction-to-the-mica-and-dora-regulations\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Introduction to the MiCA and DORA regulations - Fintechjog\" \/>\n<meta property=\"og:description\" content=\"The MiCA and DORA regulations were also a necessary and [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.fintechjog.hu\/en\/introduction-to-the-mica-and-dora-regulations\/\" \/>\n<meta property=\"og:site_name\" content=\"Fintechjog\" \/>\n<meta property=\"article:published_time\" content=\"2024-01-07T12:48:20+00:00\" \/>\n<meta name=\"author\" content=\"codebuild\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"codebuild\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.fintechjog.hu\\\/en\\\/introduction-to-the-mica-and-dora-regulations\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.fintechjog.hu\\\/en\\\/introduction-to-the-mica-and-dora-regulations\\\/\"},\"author\":{\"name\":\"codebuild\",\"@id\":\"https:\\\/\\\/www.fintechjog.hu\\\/en\\\/#\\\/schema\\\/person\\\/fbd26a0c61a57b56217c31630e947456\"},\"headline\":\"Introduction to the MiCA and DORA regulations\",\"datePublished\":\"2024-01-07T12:48:20+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.fintechjog.hu\\\/en\\\/introduction-to-the-mica-and-dora-regulations\\\/\"},\"wordCount\":213,\"publisher\":{\"@id\":\"https:\\\/\\\/www.fintechjog.hu\\\/en\\\/#organization\"},\"articleSection\":[\"Regulation\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.fintechjog.hu\\\/en\\\/introduction-to-the-mica-and-dora-regulations\\\/\",\"url\":\"https:\\\/\\\/www.fintechjog.hu\\\/en\\\/introduction-to-the-mica-and-dora-regulations\\\/\",\"name\":\"Introduction to the MiCA and DORA regulations - Fintechjog\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.fintechjog.hu\\\/en\\\/#website\"},\"datePublished\":\"2024-01-07T12:48:20+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.fintechjog.hu\\\/en\\\/introduction-to-the-mica-and-dora-regulations\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.fintechjog.hu\\\/en\\\/introduction-to-the-mica-and-dora-regulations\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.fintechjog.hu\\\/en\\\/introduction-to-the-mica-and-dora-regulations\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Kezd\u0151lap\",\"item\":\"https:\\\/\\\/www.fintechjog.hu\\\/en\\\/home\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Introduction to the MiCA and DORA regulations\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.fintechjog.hu\\\/en\\\/#website\",\"url\":\"https:\\\/\\\/www.fintechjog.hu\\\/en\\\/\",\"name\":\"Fintechjog\",\"description\":\"A fintech v\u00e1llalkoz\u00e1sok \u00e9s innovat\u00edv technol\u00f3gi\u00e1k jogi szak\u00e9rt\u0151je\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.fintechjog.hu\\\/en\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.fintechjog.hu\\\/en\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.fintechjog.hu\\\/en\\\/#organization\",\"name\":\"Fintechjog\",\"url\":\"https:\\\/\\\/www.fintechjog.hu\\\/en\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.fintechjog.hu\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.fintechjog.hu\\\/wp-content\\\/uploads\\\/2024\\\/02\\\/fintechjog_logo_alternate_default.png\",\"contentUrl\":\"https:\\\/\\\/www.fintechjog.hu\\\/wp-content\\\/uploads\\\/2024\\\/02\\\/fintechjog_logo_alternate_default.png\",\"width\":190,\"height\":48,\"caption\":\"Fintechjog\"},\"image\":{\"@id\":\"https:\\\/\\\/www.fintechjog.hu\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.linkedin.com\\\/company\\\/fintechjog\\\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.fintechjog.hu\\\/en\\\/#\\\/schema\\\/person\\\/fbd26a0c61a57b56217c31630e947456\",\"name\":\"codebuild\",\"sameAs\":[\"https:\\\/\\\/www.fintechjog.hu\"],\"url\":\"https:\\\/\\\/www.fintechjog.hu\\\/en\\\/author\\\/codebuild\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Introduction to the MiCA and DORA regulations - Fintechjog","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.fintechjog.hu\/en\/introduction-to-the-mica-and-dora-regulations\/","og_locale":"en_US","og_type":"article","og_title":"Introduction to the MiCA and DORA regulations - Fintechjog","og_description":"The MiCA and DORA regulations were also a necessary and [&hellip;]","og_url":"https:\/\/www.fintechjog.hu\/en\/introduction-to-the-mica-and-dora-regulations\/","og_site_name":"Fintechjog","article_published_time":"2024-01-07T12:48:20+00:00","author":"codebuild","twitter_card":"summary_large_image","twitter_misc":{"Written by":"codebuild","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.fintechjog.hu\/en\/introduction-to-the-mica-and-dora-regulations\/#article","isPartOf":{"@id":"https:\/\/www.fintechjog.hu\/en\/introduction-to-the-mica-and-dora-regulations\/"},"author":{"name":"codebuild","@id":"https:\/\/www.fintechjog.hu\/en\/#\/schema\/person\/fbd26a0c61a57b56217c31630e947456"},"headline":"Introduction to the MiCA and DORA regulations","datePublished":"2024-01-07T12:48:20+00:00","mainEntityOfPage":{"@id":"https:\/\/www.fintechjog.hu\/en\/introduction-to-the-mica-and-dora-regulations\/"},"wordCount":213,"publisher":{"@id":"https:\/\/www.fintechjog.hu\/en\/#organization"},"articleSection":["Regulation"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.fintechjog.hu\/en\/introduction-to-the-mica-and-dora-regulations\/","url":"https:\/\/www.fintechjog.hu\/en\/introduction-to-the-mica-and-dora-regulations\/","name":"Introduction to the MiCA and DORA regulations - Fintechjog","isPartOf":{"@id":"https:\/\/www.fintechjog.hu\/en\/#website"},"datePublished":"2024-01-07T12:48:20+00:00","breadcrumb":{"@id":"https:\/\/www.fintechjog.hu\/en\/introduction-to-the-mica-and-dora-regulations\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.fintechjog.hu\/en\/introduction-to-the-mica-and-dora-regulations\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.fintechjog.hu\/en\/introduction-to-the-mica-and-dora-regulations\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Kezd\u0151lap","item":"https:\/\/www.fintechjog.hu\/en\/home\/"},{"@type":"ListItem","position":2,"name":"Introduction to the MiCA and DORA regulations"}]},{"@type":"WebSite","@id":"https:\/\/www.fintechjog.hu\/en\/#website","url":"https:\/\/www.fintechjog.hu\/en\/","name":"Fintechjog","description":"A fintech v\u00e1llalkoz\u00e1sok \u00e9s innovat\u00edv technol\u00f3gi\u00e1k jogi szak\u00e9rt\u0151je","publisher":{"@id":"https:\/\/www.fintechjog.hu\/en\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.fintechjog.hu\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.fintechjog.hu\/en\/#organization","name":"Fintechjog","url":"https:\/\/www.fintechjog.hu\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.fintechjog.hu\/en\/#\/schema\/logo\/image\/","url":"https:\/\/www.fintechjog.hu\/wp-content\/uploads\/2024\/02\/fintechjog_logo_alternate_default.png","contentUrl":"https:\/\/www.fintechjog.hu\/wp-content\/uploads\/2024\/02\/fintechjog_logo_alternate_default.png","width":190,"height":48,"caption":"Fintechjog"},"image":{"@id":"https:\/\/www.fintechjog.hu\/en\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.linkedin.com\/company\/fintechjog\/"]},{"@type":"Person","@id":"https:\/\/www.fintechjog.hu\/en\/#\/schema\/person\/fbd26a0c61a57b56217c31630e947456","name":"codebuild","sameAs":["https:\/\/www.fintechjog.hu"],"url":"https:\/\/www.fintechjog.hu\/en\/author\/codebuild\/"}]}},"_links":{"self":[{"href":"https:\/\/www.fintechjog.hu\/en\/wp-json\/wp\/v2\/posts\/772","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.fintechjog.hu\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.fintechjog.hu\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.fintechjog.hu\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fintechjog.hu\/en\/wp-json\/wp\/v2\/comments?post=772"}],"version-history":[{"count":0,"href":"https:\/\/www.fintechjog.hu\/en\/wp-json\/wp\/v2\/posts\/772\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.fintechjog.hu\/en\/wp-json\/wp\/v2\/media?parent=772"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fintechjog.hu\/en\/wp-json\/wp\/v2\/categories?post=772"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fintechjog.hu\/en\/wp-json\/wp\/v2\/tags?post=772"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}