According to CoinMeta, the EU's "Cyber Resilience Act" has officially come into effect, requiring cryptocurrency software and hardware wallet providers to submit a preliminary warning within 24 hours of discovering vulnerabilities that are actively exploited or serious security flaws. They must also submit a complete notification within 72 hours. Manufacturers must submit a final report within 14 days after corrective or mitigatory measures are available, and reports for serious incidents must be submitted within one month. Violators may face fines of up to 15 million euros or 2.5% of their global annual turnover, with a maximum fine of 5 million euros for providing incorrect, incomplete, or misleading information.