{"id":159238,"date":"2025-06-07T18:00:42","date_gmt":"2025-06-07T15:00:42","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=159238"},"modified":"2025-06-07T15:59:09","modified_gmt":"2025-06-07T12:59:09","slug":"eu-eyes-defi-rules-without-defining-what-it-is","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/eu-eyes-defi-rules-without-defining-what-it-is\/","title":{"rendered":"EU Eyes DeFi Rules Without Defining What It Is"},"content":{"rendered":"

MiCA, the EU\u2019s landmark crypto regulation, came into full effect in December 2024, aiming to bring structure to digital assets through investor protection, stablecoin guidelines, and fraud prevention. But as implementation rolls out, legal experts say the framework leaves DeFi in a grey zone.<\/p>\n

Vyara Savova, senior policy lead at the European Crypto Initiative (EUCI), noted<\/a><\/strong> during a discussion that DeFi remains largely undefined by EU policymakers. Although MiCA doesn\u2019t explicitly cover decentralized protocols, its language and licensing requirements have created confusion for projects that don\u2019t operate like traditional financial entities.<\/p>\n

Under MiCA, even fully autonomous DeFi platforms may be expected to follow the same Know Your Customer (KYC) rules as centralized institutions\u2014a mismatch that has sparked criticism. While Recital 22 in the regulation hints that fully decentralized services could fall outside its scope, the lack of precise legal language has left the door wide open to interpretation.<\/p>\n