Regulation· ★★★· neutral·

Cardano warns EU against overextending MiCA to developers and staking

  • —Cardano asks the EU to distinguish custodians from software developers under MiCA
  • —The foundation notes ADA stays in the owner's wallet when staked on Cardano
  • —ESMA wants clearer disclosure of costs and risks in staking and crypto lending
  • —The European Commission will weigh feedback before deciding on a MiCA revision
Why it matters: Extending MiCA to developers and self-stakers could raise costs for smaller projects and DeFi across the EU.
#ADA
Source: Crypto Insiders
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