mica

France wants to close MiCA's biggest loophole — and it's aiming at the exchanges, not the protocols.

The Treasury, AMF, Banque de France and ACPR jointly told the European Commission this week that regulated platforms should be liable "for certain incidents affecting clients where they actively facilitated access" to DeFi. Under the proposal, any CASP routing customers into a protocol would have to vet its code first and keep monitoring it for vulnerabilities — full obligations for the big players, lighter ones for smaller shops.

The catch: this is still a proposal. It feeds the Commission's MiCA review report due June 30, 2027, and needs actual legislation before it bites. The industry is already split — the Cardano Foundation told the same consultation to leave DeFi alone.

But if Brussels adopts this, EU exchanges become DeFi's compliance layer — a major shift in who carries the risk. Does that actually make DeFi safer for users, or just push the activity offshore?

$BTC $ETH #CryptoNews #MiCA #DeFi #Regulation

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France Pushes for DeFi Oversight

France has proposed that the EU tighten MiCA regulations for platforms providing access to DeFi.

📊 Regulated services would be required to vet protocols and could be held liable for losses resulting from overlooked risks.

This could shift how European crypto platforms select DeFi protocols.
#defi #MiCA
$BNB

🚨 JUST IN: Cardano Foundation Pushes Back Against Expanded EU Crypto Regulations!

In its submission reviewing MiCA, the Cardano Foundation called for clearer rules and a technology-neutral regulatory framework.

The foundation warned that expanding regulatory requirements could increase compliance costs and slow innovation across the crypto industry. 🚀

#Cardano #ADA $ADA #CryptoRegulation #MiCA

【Market Update】Cardano Foundation takes a hard line with the EU: Keep MiCA away from DeFi!
The Foundation is urging the European Commission: Don’t impose new rules on DeFi or staking. Its argument is clear-cut: regulation should focus on “what it does and what risks it poses,” not “what technology it uses.” ADA staking involves neither custody nor lockups—so why regulate it as custodial?
As MiCA expands and staking in Europe faces stricter compliance requirements, the costs get passed on to users. Should DeFi be forced into the traditional regulatory framework? Pick a side in the comments!

$ADA $ETH $SOL
#Cardano #MiCA #DeFi
(Source: ZyCrypto)
⚠️Risk warning: The above is for sharing market information only and does not constitute investment advice. Investing involves risks; proceed with caution.

【Market Update】MiCA’s rollout is accelerating demand for institutional custody. The Vault, a regulated custody platform in Switzerland and the EU, has established its new engineering hub in Tbilisi, Georgia. Local company Tría Labs will host the developer and cryptography teams, working with colleagues in Zurich and Limassol to advance its in-house MPC library, which passed an independent audit by Halborn this year. Regulated operations will remain with its entities in Cyprus and Switzerland; the new hub will focus solely on R&D. Competition in custody is expanding beyond licensing to technical capacity. Do you think institutional custody will become even more concentrated among the top players? Join the discussion in the comments.
$BTC $ETH $SOL
#托管 #MiCA #InstitutionalAdoption
(Source: BeInCrypto)
⚠️Risk warning: The above is shared for market information purposes only and does not constitute investment advice. Investing involves risk; please exercise caution.

France’s proposal: If crypto platforms actively direct users to DeFi protocols, they may be liable when things go wrong.

Bottom line: France isn’t targeting DeFi itself this time. Instead, it’s narrowing the exemption for services that are “fully decentralised and intermediary-free”: the “bridging” role played by licensed platforms may now fall within the scope of regulation.

1. The proposal. On October 21, four French authorities—the Treasury, the Financial Markets Authority (AMF), the Banque de France, and the Prudential Supervision and Resolution Authority (ACPR)—jointly responded to the European Commission’s consultation on MiCA revisions: “CASPs should be liable for certain incidents affecting clients where they actively facilitated access.” Two conditions would trigger liability: the platform actively directs users to a DeFi protocol, and it fails to conduct adequate due diligence or disregards known security risks associated with the protocol.

2. Where the line is drawn. MiCA’s current framework excludes services that are “fully decentralised and intermediary-free.” France hasn’t challenged pure DeFi. The focus is on the role regulated platforms play as “connectors”: if an app has a “participate with one click” button that directs customers to a protocol, and that protocol is hacked and customers lose money, the platform may have to explain what due diligence it did beforehand. Most DeFi protocols integrated by platforms run on Ethereum ($ETH ), so these gateway products would be the first to feel the impact.

3. Significance and timeline. The joint statement from all four authorities represents France’s official position, not the personal remarks of an individual official—giving it more weight than a mere “call.” But this is only a consultation response, not a law. The European Commission’s report on MiCA revisions isn’t due to legislators until June 30, 2027, so actual amendments would happen no earlier than the second half of 2027. This will be a long process.

4. The US is changing the other side of the equation on the same day. On October 21, the OCC finalised its GENIUS Act stablecoin rule (effective January 18, 2027). Treasury Secretary Bessent called it a “watershed moment” for American finance on X, comparing it to Lincoln’s National Currency Act of 1863. One thing to note: the US is tightening controls on issuance, while the EU is focusing on distribution. Both sides of the Atlantic are steering “unlicensed free-for-alls” toward licensed businesses.

My take: For centralised platforms, DeFi aggregator gateways may become a compliance cost, and whitelists of approved protocols and due-diligence procedures could become standard. For purely on-chain DeFi, the liability exemption remains untouched for now. The only thing to watch is whether the European Commission’s report due at the end of June 2027 adopts France’s position. The direction is set; only the timetable remains.

These are solely my personal views and do not constitute investment advice.

#MiCA #DeFi监管 $ETH

【Market Flash】Being on a public blockchain doesn’t mean you’re providing financial services! On October 21, the Cardano Foundation urged the EU: fix MiCA first, and don’t rush to impose separate new rules on DeFi and staking. In its September 30 response, it said that when ADA holders delegate their tokens for staking, they don’t transfer custody and their tokens remain unlocked—so this shouldn’t be conflated with outsourced asset management. Legal adviser Buergi stressed that regulation should focus on substance and risk, not technology. ESMA takes the opposite view, arguing that DeFi access providers should be licensed and that staking and lending should face stricter disclosure requirements. One side fears overregulation, the other fears gaps in oversight—which side are you on when it comes to Europe’s approach?
$ADA $ETH $SOL
#Cardano #MiCA #DeFi
(Source: Cryptopolitan)
⚠️Risk warning: The above is shared for market information only and does not constitute investment advice. Investing involves risks; please exercise caution.

The Cardano Foundation publicly called on the EU today: keep MiCA out of DeFi and staking. It submitted a 19-page opinion to the European Commission on September 30, with one central message: regulation should focus on substance, function, and risk—not the technology being used. Cardano’s delegated staking doesn’t require users to hand over custody or lock up their assets. It’s fundamentally different from intermediary staking services at exchanges, which take control of your coins, so the two shouldn’t be governed by the same rules. And just yesterday, Cardano joined five organizations in signing a letter to the US SEC calling for digital commodities to be explicitly classified as non-securities. They’re pushing for regulatory clarity on both sides of the Atlantic. If Brussels insists on going its own way, DeFi entrepreneurs across Europe may have to relocate yet again. $ADA Current price: approximately $0.229, up about 3.4% in 24 hours. #Cardano #MiCA #DeFi #CryptoRegulation

France handed the EU a weapon today. The Finance Ministry, AMF, central bank, and prudential supervisor jointly responded to the EU’s MiCA review: if an exchange actively steers users toward DeFi protocols and things go wrong because it failed to do its due diligence, the exchange pays.

The logic is simple: the protocol is “fully decentralized,” so regulators can’t control it—but the intermediary that ushered you in can’t escape responsibility. From now on, CASPs will have to audit smart contracts before listing DeFi products, continuously monitor for vulnerabilities after launch, and ensure protocols and contracts are certified. If they skip the checks and still serve customers, they’ll be on the hook if something goes wrong. Smaller platforms get requirements scaled to their size, while self-custody wallets are exempt for now.

For now, this is only an “opinion paper” for the European Commission; legislation is still a long way off—the EU’s assessment report isn’t due until June 30, 2027. But the direction is already clear: Europe wants to hand DeFi’s last mile over to centralized exchanges. Exchanges are becoming “gatekeepers”—this time, regulators really seem to have figured it out.

#MiCA #DeFi #Regulation

I just checked the current price of $ADA : 0.2291 USDT, up 3.24% in 24 hours. The Cardano Foundation said in a blog post on Wednesday that it had submitted a 19-page opinion to the European Commission (September 30), urging it not to extend MiCA further to DeFi and staking. Instead, it says existing financial laws should apply based on the activity’s function and risks, rather than creating a separate regime for the technology.

Everyone is talking about “clearer regulatory boundaries.” I’ll start with the counterpoint: in September, ESMA had already recommended adding safeguards for staking and lending, and also proposed creating a separate regulated category for companies that provide access to DeFi protocols. The opinion is a response after the fact; it’s not as if the rules haven’t already moved. Users delegating native $ADA to help secure the network, without handing over custody or locking up their assets, should be distinguished from custodial intermediary services—that’s the Foundation’s position, not a stance the EU has already adopted.

A 3.24% gain is also not enough to support the claim that “the market is pricing in this news.” Overlapping regulations and differing interpretations among member states mean uncertainty remains on paper, while the price has barely confirmed anything.

#加密监管 #MiCA

France wants to hold crypto platforms responsible for certain DeFi incidents when they have given their clients access to the protocols involved. The Treasury, AMF, Banque de France and ACPR said so on 21/10 in their joint response to the European Commission’s consultation on the review of MiCA.

Who should take action? CASPs—MiCA-authorised service providers that offer access to DeFi through their apps. Before opening access, they would check the code, audits, past incidents, oracles, bridges and links to illicit funds, then display a warning: unregulated protocol.

Liability would apply mainly if these checks were inadequate, a known vulnerability was ignored, or access remained open despite clear warning signs (Unchained, Cointelegraph). The authorities also propose certification for major protocols, valid for 3 years and recorded on-chain.

The figures: according to DefiLlama’s hacks database, DeFi protocols lost around $1.18bn in 2026 (219 incidents as of 19/10)—already more than in 2023, 2024 or 2025. The biggest incidents were Drift on Solana ($295m) and Kelp on Ethereum/Arbitrum ($293m), in April.

My take: this is the right lever. The average user goes through a regulated interface, not directly through a smart contract. The downside: a platform that is held responsible will shorten its list of protocols, meaning fewer options for earning on-chain yields through a European app.

This is only a proposal; the Commission’s report to lawmakers is expected by 30/06/2027. Either the EU adopts the principle and DeFi access to the $ETH and $SOL ecosystems goes through a strict filter, or other countries push for a lighter framework and the issue drags on.

Would you accept fewer protocols in your app in exchange for genuine recourse in the event of a hack?

#MiCA #DeFi

🇫🇷 France proposes: If exchanges connect you to DeFi, should they be liable when things go wrong?

France’s Ministry of Finance, AMF, central bank, and ACPR jointly published their response today to a consultation on MiCA amendments: crypto-asset service providers (CASPs) that actively give users access to DeFi protocols, but fail to review those protocols or ignore known security risks, should be liable for some user losses if something goes wrong.

📌 Current MiCA rules don’t cover fully decentralized services with no intermediaries
📌 France’s proposal = require platforms that act as “DeFi gateways” to review protocols
📌 The European Commission will assess the proposal and submit a report to lawmakers by June 30, 2027, at the latest; it may propose legislative changes

Market update for the same day: Bitcoin rebounded above $83,000, while spot ETFs saw net inflows of around $550 million over two days (Bitcoin.com/ET).

Do you think platforms should backstop DeFi access? Would that mean less on-chain investing through CEXs, or make things safer for newcomers? Share your thoughts in the comments 👇

#DeFi #MiCA #加密监管 #BTC
For informational purposes only. This is not investment advice.

France wants crypto exchanges to be liable for failures in access to DeFi under EU rules

France’s Treasury, AMF, Banque de France, and ACPR have jointly proposed holding regulated crypto platforms liable for certain customer losses when they provide access to DeFi protocols without conducting adequate checks.

The proposal was presented as part of a joint response to the European Commission’s review of MiCA, the EU’s existing crypto regulatory framework. According to France’s position, exchanges that open up DeFi access to users would first have to assess those protocols—and would face liability for customer incidents if they failed to do so.

This measure signals France’s intention to extend consumer protection obligations to the DeFi space through existing exchange infrastructure, rather than regulating DeFi protocols directly. The proposal is now part of the broader MiCA review process at the EU level.

#MiCA #defi #Francia #Europe #regulacion $BTC $AMDB

【Market Flash】DeFi access is no longer a liability-free zone for platforms: France’s Treasury, financial markets regulator, central bank, and Prudential Supervision and Resolution Authority have jointly proposed amendments to MiCA requiring platforms that provide access to DeFi protocols to review them in advance and continuously monitor for vulnerabilities and suspicious activity. Platforms that fail to conduct required reviews or ignore known security risks would be liable for some customer losses. Platforms could still offer access to unaudited protocols after conducting due diligence and strengthening risk disclosures, with obligations scaled according to their size. France also supports transferring oversight of major crypto-asset service providers to ESMA and lowering the threshold for designating them as such. Do you think this will contain risks or stifle innovation? Join the discussion in the comments.
$ETH $AAVE $UNI
#DeFi #MiCA #France
(Source: Wu Shuo Blockchain)
⚠️Risk warning: The above is shared for informational purposes only and does not constitute investment advice. Investing involves risks; exercise caution when entering the market.

🇫🇷 French Parliament, 38–37: A one-vote margin—will swapping crypto for stablecoins be taxed too?

On October 16, France’s National Assembly passed amendment I-3898 by 38 votes to 37.

The key change: swapping crypto assets for MiCA-compliant e-money tokens (EMT stablecoins) could no longer qualify for tax deferral. Even if you don’t convert back to euros, swapping into this type of stablecoin would be taxed at the standard capital gains rate, reportedly 31.4%.

🔹 Effective date: From 2027, provided the full budget bill is ultimately passed
🔹 Cost basis calculation: Some assets will switch to a weighted average cost basis
🔹 Proposal to carry forward losses for 10 years: Rejected, 18 to 75
🔹 Still under discussion: Exit tax on large holdings and reporting requirements for high-value self-hosted wallets

My take: The one-vote margin shows how divided opinion is, and the final version could still change. But the direction is clear: Europe is treating “crypto-to-stablecoin swaps” as realizing gains. People used to move into stablecoins to hedge first; in France, that step alone could trigger a tax bill.

The self-hosted wallet reporting requirement is worth watching even more closely. If it goes ahead, its impact could be greater than the tax rate itself.

Where you live, is swapping crypto for stablecoins a taxable event? When you take profits, do you swap into USDT or cash out directly?

#加密税务 #稳定币 #MiCA #France

【Market Flash】375—that’s the new total number of compliant crypto institutions in Europe. ESMA has expanded its MiCA authorization register to 375 entities, adding nine operators in one update, including three German banking institutions—Santander-owned Openbank Deutschland and two cooperative banks. The register of non-compliant service providers has also grown to 178 entries. The continued addition of banking groups means the pool of institutions able to offer regulated custody and trading services under the MiCA framework is still expanding. The register of e-money tokens remains unchanged at 50 entries across 25 entities. Do you think banks entering the market will first bring in new customers or squeeze out native platforms? Join the discussion in the comments.
$BTC $ETH $USDC
#MiCA #欧洲加密监管 #Compliance
(Source: CryptoEconomy)
⚠️Risk warning: The above is shared for informational purposes only and does not constitute investment advice. Investing involves risks; proceed with caution.

ESMA’s MiCA register has added 9 crypto-asset service providers, bringing the total to 375. They include BingX’s Austrian entity and YouHodler’s Italian subsidiary. Europe’s roster of compliant license holders is growing, and only those on the list have a long-term place.#MiCA #Compliance

BingX and YouHodler officially join ESMA’s latest MiCA register!

* BingX, YouHodler, and Banco Santander’s Openbank have officially been added to ESMA’s latest MiCA register.
* The move confirms the compliance and expansion of crypto platforms in the European market.
* The total number of unique crypto-asset service providers (CASPs) has risen to 375.

#BinanceSquare #CryptoNews #MiCA #EU #BingX YouHodler

$btc $eth

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Source: CoinTelegraph