European bank regulators want to incorporate crypto lending into existing rules. This isn’t just a compliance issue—it also determines who gets to do business in this space.
In its response to the European Commission’s consultation, the European Banking Authority proposed that borrowing and lending of crypto assets be brought within the existing framework, including the step where a platform enables clients to access decentralized lending protocols.
Its toolkit includes investor suitability tests, limits on leverage, and additional disclosure requirements. It also considers imposing restrictions on lending involving regulated tokens, and even establishing a certification mechanism for lending protocols. It further noted that lending protocols themselves may need a set of certification procedures so that regulators can confirm their risk characteristics.
The momentum comes from expansion in scale. The authority cited research indicating that related activity has appeared in at least sixteen member states, and that the threshold for entering decentralized finance via platforms and AI tools is falling—making the boundary between centralized and decentralized increasingly blurred.
For the industry, this approach means that lending will no longer be a gray area; it will be brought under the scope of licensing and capital requirements. While costs rise, predictability also increases. For lending protocols, access to licensed platforms will become a prerequisite for tapping mainstream capital.
Once written into the rules, it is both a constraint and a confirmation of identity.
#监管 #去中心化金融
In its response to the European Commission’s consultation, the European Banking Authority proposed that borrowing and lending of crypto assets be brought within the existing framework, including the step where a platform enables clients to access decentralized lending protocols.
Its toolkit includes investor suitability tests, limits on leverage, and additional disclosure requirements. It also considers imposing restrictions on lending involving regulated tokens, and even establishing a certification mechanism for lending protocols. It further noted that lending protocols themselves may need a set of certification procedures so that regulators can confirm their risk characteristics.
The momentum comes from expansion in scale. The authority cited research indicating that related activity has appeared in at least sixteen member states, and that the threshold for entering decentralized finance via platforms and AI tools is falling—making the boundary between centralized and decentralized increasingly blurred.
For the industry, this approach means that lending will no longer be a gray area; it will be brought under the scope of licensing and capital requirements. While costs rise, predictability also increases. For lending protocols, access to licensed platforms will become a prerequisite for tapping mainstream capital.
Once written into the rules, it is both a constraint and a confirmation of identity.
#监管 #去中心化金融
