ESMA Proposes MiCA Rules Covering DeFi Gateways, Staking, and Lending
(2 days ago) · 1 source · Summarized by CryptoBipto
The European Securities and Markets Authority (ESMA) has proposed new rules under the Markets in Crypto-Assets (MiCA) framework that would extend regulatory oversight to DeFi gateways, staking, and lending services. The proposal aims to bring decentralized finance activities that interact with traditional finance under the same regulatory umbrella as centralized crypto services.
WHY IT MATTERS
Think of DeFi as a set of financial services — like lending, borrowing, and earning interest — that run on software rather than through a bank or broker. Until now, European regulators have mostly focused on companies that operate centralized crypto exchanges and wallets. This proposal from ESMA suggests that regulators are now looking at the software-based, decentralized side of crypto too. MiCA is the EU's rulebook for crypto, similar to how banking regulations govern traditional banks. If these rules move forward, people and projects involved in DeFi within Europe could face new compliance requirements, which could change how these services are offered to European users.
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