AFME has called on regulators to keep DeFi services within the MiCA regulatory framework in order to protect market integrity, financial stability, and end users while promoting financial and technological innovation.
The European Parliament recently approved a set of strict rules, including information disclosure and compliance with AML/CFT standards, to protect investors and consumers.
However, this does not directly include DeFi. AFME insists that this segment should not be excluded in the process and implores the regulators to use a risk-based approach to regulating the sector. It also encourages the cooperation between supervisory authorities.
AFME recognizes the potential of DeFi innovation as an important part of the financial system.