The need for business continuity planning in the crypto/blockchain community: ensuring resilience in digital finance

Written by Emily Landis Walker, Senior Financial Services Executive at Landis & Co

The cryptocurrency and blockchain sectors are rapidly evolving frontiers in the financial world, characterized by swift innovation and volatility. The nature of these digital assets, coupled with their technological underpinnings, necessitates robust business continuity planning to ensure operational stability. Given the dynamic regulatory landscapes and the potential for significant price fluctuations, entities operating within this space must prepare for disruptions to maintain resilience and secure trust from stakeholders. To effectively manage continuity, it is crucial for these entities to navigate the complexity of compliance while bolstering their information and communications technology (ICT) resilience. Dependence on technology and third-party services means that a singular focus on disaster recovery is no longer sufficient. Instead, a comprehensive approach that encompasses operational resilience, including proactive vulnerability and risk assessments is imperative to adapt…