Marina Markezic, executive director of the European Crypto Initiative, predicted in an interview that the nomination rules for the European Decentralized Financial Agreement could create significant obstacles for crypto-native projects, while encouraging licensed Traditional Financial Institutions Groups to join.
Markezic also discussed the upcoming DeFi report by the European Union Commission on December 30, 2024. The report is conducted under the framework of Crypto Asset Markets (MiCA) and will examine the feasibility of specific regulation of the DeFi ecosystem.
Markezic said that we think the new rules under the MiCA framework may encourage large banks to enter the DeFi space. We know that some banks are already considering issuing stablecoins. And added that whatever we have seen being developed over the years is now from an institutional perspective. For all crypto-native projects, it will definitely be more difficult to obtain licenses and comply.
Executive Director of the European Crypto Initiative: New rules under the MiCA framework could encourage large banks to enter the DeFi space
2024-04-28 02:18:37
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