AMLA identifies 5 areas for MiCA reform to strengthen crypto AML/CFT safeguards, from DeFi and staking to stablecoins and cross-border supervision

It calls for consideration of bringing staking, crypto lending and borrowing within the regulatory framework, alongside clearer definitions and control criteria for decentralised finance (DeFi). AMLA also seeks a consistent EU-wide approach to unauthorised stablecoins and a review of whether certain asset-referenced token issuers should be subject to AML/CFT obligations. For cross-border crypto-asset supervision, it recommends clearer information…