Key Takeaways:
- The Cardano Foundation advocated against the EU coming up with new rules for DeFi, staking, lending, or protocol-level crypto activities.
- The group is not interested in the regulation of blockchain, but the regulation based on the economic function, control and risk.
- Cardano further urged for more clearly defined MiCA borders, greater uniformity across the EU, and reduced legal overlaps of current financial regulations.
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