Cardano Foundation Urges EU Not to Extend MiCA Rules to DeFi, Staking

The Cardano Foundation urged the European Union not to expand the scope of its Markets in Crypto-Assets, or MiCA, regulation to cover decentralized finance, or DeFi, and staking.Cointelegraph reported on October 21 that the foundation opposes any move by the EU to bring DeFi and staking under MiCA.The foundation said crypto regulation should be designed around financial risk, rather than whether a specific technology is used.That means any rules for DeFi and staking should focus on the financial risks tied to those services, not the technology itself.