French authorities have proposed amendments to the EU’s MiCA regulation to make crypto-asset service providers liable for certain incidents affecting clients when they actively facilitate access to DeFi protocols. Before offering these services, regulated platforms would have to vet protocols, monitor vulnerabilities and suspicious activity, and provide enhanced risk disclosures for uncertified protocols. The requirements would apply fully to significant providers, with scaled-down obligations for smaller platforms. France also supports lowering the threshold for identifying significant providers and transferring their supervision to the European Securities and Markets Authority as part of a report to EU lawmakers due by June 30, 2027.
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