Work Product: Guidance paper regarding MiCA (WG#2)
Manager: Sydney
Staffing:
- Core team: Complete
- Research Aides: 2, BLIP from Brooklyn Law
Description of Deliverables:
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The research on DeFi applications to cover these main areas:
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- Would the proposed MiCA regulation apply to DeFi protocols
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- Which other EU rules could apply to DeFi protocols: Mifid II, consumer credit, rules on investment schemes etc.
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The purpose would be:
- a) explain peculiarities of the blockchain environment and the smart contract technologies
- b) explain why the existing rules do not fit with DeFi
- c) propose modifications of the existent rules if needed or clarify that they may not be applied to non-custodial protocols
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Paper to be in a format that can be circulated to European regulators/policy makers
Process:
- Complete Staffing (Please complete application by 10/20 if interested). Instructions here: Staffing Process for Proposals
- Set up Coordinape Gift Circle with Core Team
- Managers to hold kick-off call with team, set up work space and intake process for research requests