Cardano Foundation Pushes EU to Keep MiCA Scope Off DeFi, Staking

The Cardano Foundation has urged the European Union to resist creating brand-new, standalone rules specifically for decentralized finance (DeFi) and staking. In a detailed response submitted to the European Commission, the organization argues that existing financial regulatory frameworks should be applied based on what an activity does and the risks it creates—rather than on the underlying technology used to perform it. In a Wednesday blog post, the foundation outlined its 19-page submission dated Sept.

Source: Crypto Breaking News