Cardano Foundation Pushes Back On Expanding MiCA Rules To Protocol-Level DeFi
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 […]
Key Takeaways
- 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.
- Read the full article for additional context and details.
Summary generated by IndiCrypto from Bitcoinist. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in Regulation
Irish central bank fines Coinbase Ireland $3.6 million over fund safeguarding failures
When Silvergate was on the verge of collapse in 2023, Coinbase instructed 30 customers to deposit funds into an alternate account held by Coinbase at another U.S. bank.
China Targets 61,896 Bitcoin Still Held by British Authorities: Report
Chinese prosecutors are seeking to confiscate 61,896 bitcoin worth approximately $5.1 billion, currently held by British authorities, after one of the world’s largest cryptocurrency seizures. The assets trace back to Qian Zhimin, convicted in Britain for…
Major Banks Find Rogue AI Agents Inside Customer Accounts—And They’re 'Horrified'
Major banks including Morgan Stanley, JPMorgan, Bank of America, and Citi are moving to restrict third-party AI agents that log in with customers’ credentials.