France’s banking and insurance regulator, the ACPR, has released the findings of its public consultation on regulating decentralized finance (DeFi). The consultation highlighted the concentration of infrastructure with major cloud providers, raising concerns about operational vulnerability. The ACPR also noted the need for certifying smart contracts and regulating intermediaries and user interfaces. The feedback received will shape the ACPR’s contributions to European regulatory discussions on DeFi. The regulator believes that further rules are necessary to address the unique nature of DeFi and tokenized finance. Additionally, the ACPR highlighted the ongoing problem of DeFi centralization, with major cloud providers still playing a significant role in the network.
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Information |
Details |
Geography |
Europe |
Countries |
🇫🇷 |
Sentiment |
neutral |
Relevance Score |
1 |
People |
None |
Companies |
ACPR, Amazon AWS, MiCA, Ethereum, Autorité de contrôle prudentiel et de résolution |
Currencies |
Ethereum |
Securities |
None |