EU markets watchdog pushes for extra cyber defences in new crypto rules

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Crypto companies should be forced to hold external audits of their cyber defences, according to the EU’s markets regulator, which is urging lawmakers in Brussels to amend the region’s flagship regulation of the sector to better protect consumers.

The European Securities and Markets Authority will on Wednesday say it considers tougher rules on cyber protection to be an essential part of the EU regime covering crypto companies, which is due to come into force fully from December.

Widely considered the most far-reaching set of crypto rules so far, the EU’s Markets in Crypto-Assets Regulation aims to oversee a…

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