Operational continuity planning involves preparing for and responding to disruptions to ensure an organization’s essential functions continue. This planning process identifies critical business operations and develops strategies to maintain their availability during adverse events, such as cyberattacks, system failures, or natural disasters. For digital asset service providers, it includes safeguarding client funds, maintaining access to trading platforms, and ensuring the integrity of transaction records. Effective planning minimizes financial losses and preserves client trust during unforeseen circumstances.
Context
Operational continuity planning is receiving increased attention from regulators for digital asset firms, particularly following incidents of service outages and security breaches. Authorities are emphasizing the need for robust recovery strategies and redundant systems to protect market stability and consumer assets. This focus aims to align the resilience standards of digital asset markets with those of traditional financial infrastructure.
The DORA framework imposes a unified, architectural standard for ICT risk management, fundamentally recasting operational resilience as a core compliance function for CASPs.
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