Crypto Firms Should be Required to Share Cyber Audits, ESMA Says

The European Commission should consider amending MiCA digital-asset regulations to require applicants for crypto-asset service licenses to share results of cybersecurity audits, the European Securities and Markets Authority says.

• ESMA’s opinion has been communicated to the European Commission, the European Parliament and the European Council: statement
• Assessment of “good repute” of firms’ management should include “checks regarding the absence of penalties also in areas other than commercial law, insolvency law, financial services law, anti-money laundering and counter terrorist financing, fraud or professional liability”

To contact the reporter on this story:
Philip Lagerkranser in Zurich at lagerkranser@bloomberg.net

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