Malta’s financial regulator has launched a public consultation on a proposed legal framework for decentralised finance (DeFi), aiming to align oversight with the EU’s MiCA regulation. According to the consultation documents and accompanying reporting, the regulator is exploring whether decentralised autonomous organisations (DAOs) and other DeFi projects can be recognised in law as software-based organisations. The proposal also seeks input on how “decentralised services” should be treated within existing regulatory structures, given that many DeFi offerings may not be fully decentralised in practice.
The regulator’s approach is described as an attempt to address regulatory gaps for decentralised financial applications by defining relevant categories and considering how responsibility and governance should be regulated. Industry stakeholders are invited to provide feedback on key aspects of the framework, including the extent to which decentralised projects fall within the scope of MiCA-era rules.
The consultation period runs until July 10.
