Malta Drafts DeFi Rules Including DAOs Under MiCA Framework

Malta’s financial regulator has taken a step toward defining how decentralized finance (DeFi) and decentralized autonomous organizations (DAOs) could fit

• Malta's financial regulator (MFSA) is proposing a legal framework for DAOs and DeFi entities under the EU's MiCA regime, defining them as 'software-based organizations'.
• The proposal aims to address regulatory accountability for DeFi projects that retain centralized features, despite MiCA's exclusion of fully decentralized models.
• This initiative aligns with broader EU efforts to clarify DeFi regulation, highlighting a tension between tailored DeFi rules and integration into a general digital asset framework.

Topics: Legal regulatory, Jurisdictions, Integration with defi, Securities law classification, Regulatory sandboxes pilots, Rwa collateral lending

Tags: #malta #defi #dao #mica #mfsa #softwarebasedorganization #decentralization #regulatoryframework #governance #eu

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