The Block (@TheBlockCo): THE BLOCK: Aave founder Stani Kulechov said he is "disappointed" by the ECB and EBA's MiCA consultation responses.
Estimated coin impact
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- AAVE-18Negative
THE BLOCK: Aave founder Stani Kulechov said he is "disappointed" by the ECB and EBA's MiCA consultation responses. He criticized proposed suitability tests for accessing DeFi and a potential certification regime for DeFi lending protocols, arguing the restrictions could create walled gardens and limit access to open financial networks.