EU Parliament Calls for Review of DeFi, NFTs, and Tokenized Assets

The European Parliament has adopted a digital assets policy report, which calls for a closer review of decentralized finance (DeFi), staking, crypto lending and borrowing, non-fungible tokens (NFTs), and tokenized financial assets.

The report, titled 'Digital assets, challenges for the competitiveness and integrity of the European Union's financial system,' sets Parliament's policy stance on the next stage of crypto regulation. The vote does not amend MiCA and does not create new legal duties for crypto firms.

MiCA's transition period ended on July 1, requiring crypto-asset service providers covered by the framework to obtain national or EU-wide authorization to continue operating across the bloc.