Analysis · Regulation & Policy
The EU's financial markets regulator has called for stricter rules on crypto influencers, a new regulated service category for DeFi access, and enhanced powers to block fraudulent websites.
Key point 1 of 3
01
ESMA has proposed a new regulated service category for firms providing user access to DeFi protocols.
Key point 2 of 3
02
The regulator is seeking the power to block fraudulent websites, freeze assets under suspicion of market abuse, and target unauthorized offshore firms.
Key point 3 of 3
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Proposed rules would mandate strict disclosures for staking, lending, and borrowing, alongside tighter restrictions on influencer marketing.
Context
MiCA was implemented in 2024 to establish a harmonized regulatory framework across the EU, but rapid market developments in DeFi, staking, and stablecoins have prompted the…
Why it matters
Crypto-asset service providers, DeFi front-ends, and staking operators in Europe will face stricter disclosure and licensing rules, while offshore firms soliciting EU clients will…
What to watch
The European Commission will use the feedback collected from the consultation, which closed on August 31, to draft future legislative updates to the MiCA framework.
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