Law & Policy

Another Q for our EU law specialist sistren/brethren: 

Are concerns about the perversion of MiCA to target DeFi well founded?

It was very clear in the legislative process that MiCA was supposed to exclude DeFi, but does the actual text leave cause for concern?

Another Q for our EU law specialist sistren/brethren: 

Are concerns about the perversion of MiCA to target DeFi well founded?

It was very clear in the legislative process that MiCA was supposed to exclude DeFi, but does the actual text leave cause for concern?

https://x.com/RuneKek/status/1775561896235585812?s=20

Core Contributor at @beefy | Solicitor at Walker Morris | Commercial, Competition & Technology Law

My thoughts: 
1. list of crypto asset services is narrow/focused on centralised acts
2. where immutable smart contracts provide the services, we move away from natural/legal person providing them
3. unlikely that all EU states will apply the regulations in the same way
4. CJEU would need to clarify interpretation if so