Cardano Foundation Pushes Back On Expanding MiCA Rules To Protocol-Level DeFi
Photo: Bitcoinist
TL;DR: In a newly published explanation of its European consultation response, the Cardano Foundation argues for regulating activities and intermediaries rather than creating blanket rules for decentralised technology. The Cardano Foundation has spelled out why it believes Europe’s next round of crypto policymaking should avoid treating every blockchain interaction as a regulated financial service. In an October 21 article, its legal team explained the positions it submitted to the European Commission’s MiCA review. The response itself was filed on September 30, an important date distinction. The Foundation is not announcing that new laws were passed this week.
Also reported by TheCoinrise.
Source: Bitcoinist
