Can EU improve MiCA without new rules? Cardano Foundation makes its case

The Cardano Foundation is against bringing decentralized finance, staking and other blockchain activities under new European Union crypto regulations and argues that policymakers should rather focus on improving the existing Markets in Crypto-Assets Regulation. In its September 30 response to a European Commission consultation, the Foundation called for clearer rules governing digital assets and greater consistency in how existing legislation is applied across member states. It warned that creating separate regulatory frameworks for activities conducted through decentralized networks could introduce unnecessary compliance requirements without addressing risks already covered by existing laws. European policymakers are currently reviewing MiCA’s implementation and considering whether activities currently outside its scope need additional oversight.

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