Cardano Foundation urges EU to refine MiCA rather than add new DeFi rules
- —Foundation opposes new EU rules for DeFi and staking, favors refining MiCA
- —Regulation should hinge on control over customer assets, not on software provision
- —Clearer guidance needed for hybrid tokens, stablecoins and NFTs
- —Inconsistent MiCA interpretation across member states burdens smaller firms
Why it matters: The MiCA review will shape how the EU regulates DeFi and staking, two of the largest segments of the onchain economy.
Source: crypto.news