What Does the New Financial Digitalization Act Bring?

Greater Transparency and Security

By: Natálie Cmíralová, PRK attorneys at Law

Natálie Cmíralová, an attorney at PRK Partners, reports in an article published on CzechCrunch about the approval of the Financial Digitalization Act in the Czech Republic. The law introduces regulation of the crypto-asset market in line with European MiCA and DORA regulations. Service providers dealing with crypto-assets will now be subject to supervision by the Czech National Bank and will be required to obtain its authorization to operate. The goal of the regulation is to enhance market transparency and security, boost investor confidence, and improve the functioning of the crypto-asset market.

Read the full article Here.