France Proposes DeFi Access Liability for Crypto Exchanges
French authorities propose new decentralised finance access safeguards, voluntary wallet certification, and broader EU supervision.
French authorities have proposed new regulatory measures that would require cryptocurrency exchanges to conduct checks on decentralized finance protocols, according to Cointelegraph. Under the proposed changes to European Union crypto rules, exchanges could face liability for certain customer losses.
Proposed Safeguards and Supervision
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The French proposals introduce several key safeguards for digital asset users. Alongside decentralized finance protocol checks, the framework includes voluntary wallet certification and broader supervision by the European Securities and Markets Authority for major crypto service providers.
Key facts
- French authorities proposed new decentralized finance access safeguards.
- Exchanges could face liability for certain customer losses under the changes.
- Proposals include voluntary wallet certification.
- Framework calls for broader European Securities and Markets Authority supervision of major crypto service providers.
Source: cointelegraph.com
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