France proposes liability for crypto exchanges offering DeFi access

France has proposed making crypto exchanges liable for the DeFi services they offer access to, a regulatory shift that could impose new compliance burdens on centralized platforms. The measure risks reducing DeFi innovation and pushing users toward unregulated venues, according to the report. Traders should watch for how the proposal develops, since stricter liability rules for exchanges could weigh on DeFi-linked tokens and platform volumes in the EU.