Regulation· ★★★★· neutral·

ESMA moves to regulate DeFi gateways under MiCA review, Morpho pushes back

  • —ESMA proposes a new CASP category for interfaces providing access to DeFi protocols
  • —Regulator warns against 'decentralization washing' to dodge MiCA obligations
  • —Morpho: open-source code and self-custody should not count as regulated intermediation
  • —Morpho opposes a new 'DeFi gatekeeper' status, saying it overlaps existing licenses
Why it matters: The rules would cover wallets and interfaces Europeans use to access DeFi and determine who falls under MiCA.
Source: Cryptoast
More on this
Regulation · yesterday
ESMA proposes extending MiCA to DeFi gateways, staking and crypto lending
 Regulation · yesterday
EU Regulators Review Exemption Letting Binance Serve Europe Without MiCA License
 Regulation · Sep 29
EU closes MiCA review feedback: tokenization, DeFi and non-EU stablecoins in focus