EU Faces September 30 Deadline on DeFi Lending Under MiCA Review
A MiCA review response points to crypto firms' market access routes, while any new lending obligations remain a future legislative option rather than settled policy.
The European Union is working to a September 30 deadline to determine how decentralised finance lending should be handled, according to a CryptoSlate report on a response submitted as part of the MiCA review process.
The response centres on the access routes crypto firms use to reach EU markets. Any new duties aimed specifically at lending activity are described as a future legislative choice, meaning no fresh obligations have been adopted at this stage.
What the review covers
- How DeFi lending activity sits relative to existing MiCA provisions
- The channels crypto firms use to access EU markets
- Whether dedicated lending requirements are drafted later
MiCA's stablecoin rules took effect in June 2024, with the full regime for crypto-asset service providers applying from December 2024. Reviews of this kind are a routine part of the framework and do not by themselves alter the rules in force; any change would require a formal legislative proposal.