France proposes exchange liability for DeFi access under EU rules

CIE News ·

Based on reporting by Cointelegraph; not yet independently confirmed.

French authorities proposed EU rule changes that could make crypto platforms liable for customer losses incurred via DeFi protocols, Cointelegraph reported.

French regulators have proposed updates to European Union crypto rules that would require centralized exchanges to carry out mandatory assessments on decentralized finance protocols, according to Cointelegraph. Under the proposal, exchanges offering DeFi access could face liability for certain customer losses linked to those protocols. The regulatory submission also outlines potential DeFi access safeguards, a voluntary certification framework for wallets, and expanded oversight by the European Securities and Markets Authority over major crypto service providers.

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