DFINITY Foundation (@dfinity): "Critical."

"Critical." That's the legal category EU regulators created in November 2025 for AWS, Microsoft Azure, and Google Cloud. Under DORA - the EU's Digital Operational Resilience Act - the European Banking Authority, ESMA, and EIOPA officially designated all three as Critical third-party providers. Meaning, their failure would constitute systemic risk to the EU financial system. Banks. Insurers. Investment firms. Payment institutions. Across the EU. Running critical functions on infrastructure regulators now class as a systemic dependency. So regulators built a new oversight framework. Joint inspection teams. Annual risk analyses. On-site visits. Not to reduce the dependency. To manage it. That's not a supervision story. It's an architecture story. When concentration becomes severe enough that regulators must invent a new legal category to contain the risk - the problem was never regulatory. It was structural.