Cardano Foundation No Gree Make MiCA Expand Enter Direct Staking

The Cardano Foundation don oppose make MiCA expand or make dem create separate EU regulatory system for direct staking and decentralized finance. For im October 21 update, dem outline consultation response wey dem submit on September 30, 2026, and dem use Cardano delegation model show example of how people fit participate for blockchain infrastructure. MiCA, wey be Markets in Crypto-Assets Regulation, na the rules wey EU set for some crypto-asset issuers and service providers.

ADA Staking Still Keep Assets Under Holder Control

Cardano users dey delegate their stake give pool through wallet wey dem control. The operator dey maintain infrastructure wey dey produce blocks, but the ADA wey dem delegate still dey available to the owner. Person fit spend or transfer the tokens without need to ask the operator make e return am.

Delegation dey support network security without require holders to run node. Rewards dey distribute under the protocol rules as e relate to block production.

The Foundation recommend make regulators treat this kind participation separate from services wey intermediary dey hold client assets or decide how to deploy am. Those services fit already dey under existing regulation, depending on wetin dem dey do.

DeFi Oversight Wey Base on Who Really Get Control

The submission propose make assessment check whether identifiable person or group fit control assets, fit intervene for transactions, fit pause application, or fit change im core functionality. If governance power concentrate for one place, e go still matter where e create effective control over service.

Open-source code by itself no mean say system don decentralize. But infrastructure developers no suppose automatically carry obligations wey dey come from financial services wey independent teams build with their software.

Existing guidance don already address fully decentralized services. For one answer wey European Securities and Markets Authority publish, the European Commission explain say crypto-asset services wey dem deliver without intermediary and na fully decentralized, no dey under MiCA. National authorities dey assess case by case whether platform meet that condition.

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Consistent MiCA Supervision Across the EU

The Foundation still call make similar activities receive consistent treatment across EU member states. For im response, e warn say different national interpretations fit increase legal and compliance costs, come put smaller businesses for disadvantage.

E recommend common guidance and more consistent authorization and supervision, instead of extra national requirements wey go scatter the single market.

The submission no change any legal obligation. The staking guidance wey dem request go separate running pool or enabling delegation through wallet from taking custody of client assets or deciding how to deploy dem.