The European Banking Authority (EBA) has called for crypto lending to be brought under the EU’s MiCA regulatory framework. In its response to the European Commission’s targeted consultation, the EBA recommended that crypto borrowing and lending be regulated, including when service providers facilitate access to DeFi lending protocols. The regulator proposed potential measures including suitability tests for users, leverage limits and additional disclosure requirements. It also raised the possibility of restricting access to lending involving asset-referenced or e-money tokens and introducing a certification regime for DeFi lending protocols.
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