EU could tighten access to DeFi lending as EBA pushes new MiCA rules
EU could tighten access to DeFi lending as EBA pushes new MiCA rules
The EBA wants crypto borrowing and lending brought under MiCA, including services that give customers access to DeFi lending protocols.Proposed measures include suitability tests, leverage limits and extra disclosures for firms providing crypto lending services.EU regulators could consider restrictions involving regulated stablecoins and a certification regime for DeFi lending protocols.The recommendations are part of the European Commission’s ongoing review of MiCA and would require legislative changes before taking effect.