mifid

Here's what happened when Hyperliquid's Policy Center quietly pushed for onchain perps to fall under MiFID II derivatives rules rather than MiCA.
Traders often turn to these decentralized setups hoping to avoid the pitfalls of regulated markets, but a shift like this could leave positions stranded or force unexpected exits at the worst time.
The Policy Center wants these perpetual contracts treated as traditional financial derivatives. This would impose MiFID II standards on what has been a more flexible crypto product under MiCA, potentially requiring extensive compliance that onchain platforms struggle with.
It could be a play for greater acceptance among institutions. Yet the warning signs are there. Higher operational costs might lead to service cuts, identity checks could alienate users, and leverage might get slashed, repeating patterns we've seen in other regulated corners of the market.
If you're active with $HYPE or trading $BTC and $ETH perps onchain, this classification battle is worth watching closely. The outcome could redefine access and risk for everyone.
What's your take?
#CryptoRegulation #OnchainPerps #MiFID

Dusk is a public, permissionless Layer 1 blockchain purpose-built for regulated financial markets. It enables the native issuance, trading, and settlement of real-world assets (RWAs) in full compliance with EU regulations such as #MiFID II, MiCA, and the DLT Pilot Regime. Through strategic partnerships - including with #NPEX , a Dutch MTF-regulated exchange, and Quantoz, a MiCA-compliant EMI issuing EURQ—Dusk facilitates the creation of secondary markets for digital securities. With privacy-preserving smart contracts, zero-knowledge compliance infrastructure, and institutional custody solutions like Dusk Vault, Dusk provides the complete stack for compliant on-chain finance in Europe.#BinanceHODLer2Z #StrategyBTCPurchase $SOL #BinanceHODLer2Z $BNB