Maltas financial regulator is taking a closer look at how decentralized finance (DeFi) could be regulated under the European Unions Markets in Crypto-Assets (MiCA) framework, with a particular focus on governance, accountability, and the definition of decentralization. In a discussion paper released on Wednesday, the Malta Financial Services Authority (MFSA) highlighted the challenges of determining when a DeFi protocol can be considered fully decentralized and therefore exempt from MiCA regulations. While MiCA excludes crypto services that operate in a fully decentralized manner without… Read more
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