ESMA Proposes MiCA Revisions to Regulate DeFi Gateways and Stablecoins

The European Securities and Markets Authority (ESMA) has submitted recommendations to the European Commission to amend MiCA. Proposals include creating a new regulated category for entities providing gateways to DeFi protocols, establishing stricter disclosure and compliance requirements for staking and lending services, and prohibiting platforms from supporting stablecoins that do not meet MiCA standards. ESMA also suggests expanding regulatory oversight over unauthorized offshore platforms. These measures are currently under review and have not yet been enacted as law.