European trade body warns against excluding DeFi from MiCA regulation

The Association for Financial Markets in Europe has warned against the exclusion of DeFi from the European Union's MiCA regulation.

, but the framework excludes new paradigms like decentralized finance. The AFME warns this exclusion could undermine the effectiveness of new regulatory frameworks.

The AFME views DeFi as a significant innovation within the financial system."Current DeFi efforts can be seen as outsourced innovation and research and development labs for the formal financial system,” the study stated.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

TheBlock__ /  🏆 464. in US

Australia Latest News, Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Aave Holders Vote on Proposal for DeFi Protocol to Convert 1,600 Ether Into wstETH and rETH.AaveAave token holders are voting on whether the treasury should convert 1,600 ether (ETH) into wstETH and rETH. The token has risen by 7.24% in the past 24 hours. Reporting by oknightcrypto.
Read more »

Cardano (ADA) DeFi Outlook More Bullish Than Ever, Here's WhyCardano sees sustained interest in its DeFi sector, and here's the impact
Read more »

Uniswap (UNI) up 7%, Here's Trigger.Uniswap sees massive embrace with underlying impact on price
Read more »

Blockchain Project Interlay Wants its New Platform to Become a ‘One-Stop-Shop for Bitcoin DeFi’“We've only seen the tip of the iceberg with bitcoin DeFi today,” said Interlay CEO and Co-founder Alexei Zamyatin in an exclusive interview with CoinDesk.
Read more »

Centralization Comes to DeFi as Group Behind MIM, SPELL Tokens Mull Legal ShakeupAs centralized practices creep into DeFi, the builders of the Magic Internet Money $MIM and $SPELL tokens are pitching a traditional legal structure to supplant the DAO overseeing a stablecoin worth about $700 million. realDannyNelson reports
Read more »

On-chain derivatives are DeFi’s next boom opportunity — Apollo CapitalApollo Capital CIO Henrik Andersson says the next big thing out of decentralized finance (DeFi) is on-chain derivatives, declaring them a “high growth opportunity.”
Read more »