EBA Asks EU to Study MiCA Rules for Crypto Lending and DeFi Access

The European Banking Authority (EBA) has asked the European Commission to assess MiCA changes for crypto-loan intermediaries and firms that connect customers to decentralized lending, putting possible new safeguards under review. The request seeks a study of changes to the Markets in Crypto-Assets Regulation (MiCA), including adding crypto-asset borrowing and lending intermediation to the list of regulated crypto-asset service provider (CASP) activities. It also asks for requirements on CASPs that give clients access to decentralized finance (DeFi) lending.