Aave founder slams EU MiCA proposals as threat to open finance access
- —Kulechov criticized ECB and EBA proposals for DeFi access suitability tests
- —He opposed a possible certification regime for DeFi lending protocols
- —He said such measures would create a "walled garden" limiting access to open finance networks
Why it matters: The EU proposals could restrict user access to DeFi protocols in Europe and set the tone for industry regulation.
Source: PANews