The European Banking Authority wants crypto lending brought under the MiCA regulation, explicitly including cases where providers give their customers access to DeFi lending protocols. That is the position in its response of September 24, 2026 to the European Commission’s review of MiCA. We put three questions to Wojciech Kaszycki, Strategy Advisor at Warsaw-listed BTCS S.A. and founder of the payments company Mobilum. His short version: collateralized lending to businesses and wealthy clients fits MiCA and stays, while retail yield moves away. His test for supervisors: “If the firm can lose your money, regulate the firm. If it can’t, you’re regulating a website.”