The Association for Financial Markets in Europe (AFME) has raised concerns about the exclusion of decentralized finance, or DeFi, from the European Union’s Markets in Crypto-Assets (MiCA) regulation. The AFME’s latest commentary points towards the necessity of creating an all-inclusive regulatory framework that covers both traditional financial services and DeFi.
AFME, a prominent entity in European financial markets, expressed apprehension about leaving decentralized activities out of regulatory purviews. They stressed that such exclusions could potentially instigate regulatory arbitrage and dilute the effectiveness of the regulatory frameworks set to emerge.
Risks Of Excluding DeFi From MiCA
The recently adopted Markets in Crypto-Assets (MiCA) regulation by the European Union represents an effort to establish a well-rounded regulatory framework for crypto-assets. Its goal is to cultivate a safer and more transparent environment for digital finance operations.
Yet, this legislatio
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