France proposes liability for crypto exchanges offering DeFi access

French authorities propose changes to EU crypto rules, requiring crypto exchanges to conduct checks on DeFi protocols. Under this proposal, exchanges would face liability for certain customer losses when providing DeFi access. While intended to increase security, this move could lead to stricter access, potentially reducing innovation. Furthermore, there are concerns that such regulations might push users toward unregulated platforms to avoid these new requirements, impacting the overall landscape of the crypto ecosystem in Europe.