EBA Seeks Crypto Lending Rules Under MiCA
The European Banking Authority (EBA) has called on the European Commission to introduce rules for crypto lending under the Markets in Crypto Assets (MiCA) regulation.
The EBA wants the Commission to consider implementing suitability tests, leverage limits, and stronger disclosures for firms providing access to DeFi lending protocols.
The move aims to enhance oversight and mitigate risks associated with crypto lending.