EU regulator to check operational resilience of crypto custodians - ForkLog

EU_flag# EU regulator to assess operational resilience of crypto custodians

The European Securities and Markets Authority (ESMA) has launched a review programme for crypto-asset service providers (CASPs), with a particular focus on custody services.

Under the initiative, national competent authorities will assess how firms manage operational risks when holding cryptocurrencies. The focus is on the digital operational resilience of custodians.

The regulator will pay special attention to risks related to distributed ledger technology. ESMA will examine how CASPs have set up:

  • management and control;
  • key and wallet management;
  • transaction controls;
  • incident detection and handling;
  • smart contract risk management;
  • management of dependencies on third-party providers.

The review will be carried out using a risk-based sample of authorised CASPs. The timeframe is from the second half of 2026 to the first half of 2027.

After the programme is completed, ESMA will compile the results into a final report and submit it to the supervisory authorities’ council.

Recall that on 1 July, the transitional period for crypto platforms under the MiCA regulation expired in the EU. The European Parliament has already approved its official position on further expanding regulation of the industry, including DeFi, lending, staking and NFTs.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned