In a 612-18 vote, European Union lawmakers backed strict cybersecurity rules for cryptocurrency providers and other financial firms on Thursday. The European Commission proposed the bill in 2020 in response to concerns that banks were outsourcing data to the same handful of major, unsupervised cloud computing companies – but its impact on a crypto sector plagued by cyberattacks and other exploits is still being ddebated The Digital Operational Resilience Act (Dora) is “a cornerstone of our work on digital finance in the European Union, ensuring that we support innovation while doing so safely,” European Commissioner Mairead McGuinness said during a debate on the law on Wednesday night.
