France Seeks Crypto Platform Liability for Some DeFi Incidents

France proposed making regulated crypto platforms responsible for certain incidents affecting customers who access decentralized finance (DeFi) protocols through them, as the European Union reviews its crypto rules. The French Treasury, the Autorité des Marchés Financiers (AMF), Banque de France and the Autorité de Contrôle Prudentiel et de Résolution (ACPR) submitted the proposal as part of the review of the Markets in Crypto-Assets Regulation (MiCA). Under the plan, crypto-asset service providers would check protocols before offering customers access and continue monitoring for vulnerabilities and suspicious activity. The authorities also support certification for DeFi protocols and smart contracts.