French Authorities Push EU to Make Crypto Exchanges Screen DeFi Protocols for Users

Regulated crypto platforms that actively give customers access to decentralized finance should be liable for certain incidents that hit those clients, particularly if they did not properly assess the protocol first, France’s financial authorities told the European Commission. The proposal sits in a joint response to the European Commission ‘s targeted consultation on reviewing the Markets in Crypto-Assets Regulation (MiCA), which the French Treasury , the markets regulator AMF , the Banque de France and the prudential supervisor ACPR published on Wednesday. It is a submission to the Commission, not legislation, and any change to MiCA would still have to come from EU lawmakers.

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