Crypto innovation in fields such as decentralized finance (DeFi) could be undermined by proposed European cryptocurrency regulations, according to a new survey.
The International Association for Trusted Blockchain Applications (INATBA) report takes aim at the European Commission’s Markets in Crypto-assets Regulation proposal, accusing it of stifling crypto innovation.
The MiCA proposal aims to streamline distributed ledger technology and virtual asset regulation in the European Union whilst protecting users and investors.
MiCA and DeFi
The impact of the proposed regulations on DeFi comes in for particular criticism from the survey’s 44 respondents. When asked whether MiCA sufficiently facilitates the emergence of DeFi, 49% of respondents expressed strong disagreement, versus 23% who agreed.
INATBA claims that—because the proposed regulation adopts an entity-centric perspective on things like liabilities—it may cause friction with purely decentralized protocols.
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Źródło: https://decrypt.co/60841/european-regulations-could-stifle-crypto-innovation-and-defi-survey
