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