【Market Update】Cardano Foundation takes a hard line with the EU: Keep MiCA away from DeFi!
The Foundation is urging the European Commission: Don’t impose new rules on DeFi or staking. Its argument is clear-cut: regulation should focus on “what it does and what risks it poses,” not “what technology it uses.” ADA staking involves neither custody nor lockups—so why regulate it as custodial?
As MiCA expands and staking in Europe faces stricter compliance requirements, the costs get passed on to users. Should DeFi be forced into the traditional regulatory framework? Pick a side in the comments!
$ADA $ETH $SOL
#Cardano #MiCA #DeFi
(Source: ZyCrypto)
⚠️Risk warning: The above is for sharing market information only and does not constitute investment advice. Investing involves risks; proceed with caution.
The Foundation is urging the European Commission: Don’t impose new rules on DeFi or staking. Its argument is clear-cut: regulation should focus on “what it does and what risks it poses,” not “what technology it uses.” ADA staking involves neither custody nor lockups—so why regulate it as custodial?
As MiCA expands and staking in Europe faces stricter compliance requirements, the costs get passed on to users. Should DeFi be forced into the traditional regulatory framework? Pick a side in the comments!
$ADA $ETH $SOL
#Cardano #MiCA #DeFi
(Source: ZyCrypto)
⚠️Risk warning: The above is for sharing market information only and does not constitute investment advice. Investing involves risks; proceed with caution.