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Cardano Foundation asks EU to keep MiCA rules off DeFi and staking

Cardano Foundation asks EU to keep MiCA rules off DeFi and staking
Cointelegraph
AI summary

The Cardano Foundation is urging EU policymakers not to extend MiCA rules to DeFi and staking, arguing regulation should target financial risks rather than technology. It warned that overlapping rules could create uncertainty for crypto businesses across the EU. Traders should watch whether Brussels broadens MiCA's scope, since that would affect DeFi and staking operations for ADA and other tokens.

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