France proposes making exchanges liable for DeFi losses
- —Exchanges that integrate DeFi protocols without due diligence would bear legal liability
- —Proposal requires code audits and continuous monitoring for anomalies
- —France wants to lower MiCA's 15 million active-user threshold for ESMA oversight
- —Certification for self-custody wallets would remain voluntary
Why it matters: If adopted, EU exchanges would have to vet and monitor DeFi integrations, raising compliance costs and risk exposure.
Source: Bit2Me News