Crypto Updates

New EU Regulations Challenge DeFi Protocols with MiCA Compliance

Decentralized finance

New regulations in the European Union are set to pose significant challenges for decentralized finance (DeFi) protocols. The EU’s Markets in Crypto-Assets Regulation (MiCA), which will come into full force by the end of 2024, mandates that DeFi protocols comply with the same licensing and Know Your Customer (KYC) requirements as traditional financial services firms. …

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