Cryptocurrency News

‘DeFi in Europe has no lobby,’ says co-founder of Unstoppable Finance

05/18/2022

Less than a minute

2022.05.18 21:21

‘DeFi in Europe has no lobby,’ says co-founder of Unstoppable Finance

Currently, trialogue for the Markets in Crypto Assets (MiCA) and Transfer of Funds (TFR) regulations is underway in the European Commission, the European Parliament and the Council of Ministers, which will be concluded in a few weeks.

If adopted, the TFR would, according to experts, impose a vast financial surveillance regime on the European decentralized finance (DeFi), nonfungible token (NFT) and metaverse spaces. This could then lead to companies in those sectors moving elsewhere to avoid regulation.

05/18/2022

Less than a minute

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