The Maltese regulator has introduced a proposal to establish a legal framework for software-governed organizations, including decentralized autonomous organizations (DAOs), within the scope of the MiCA-era regulations. This move aims to clarify the regulatory status of entities operating in the decentralized finance (DeFi) space.
According to CoinTelegraph, the regulator is actively seeking feedback from the industry, emphasizing that many DeFi projects currently lack full decentralization. This suggests a need for clearer guidelines to ensure compliance and protect stakeholders.
For Japanese markets, where regulatory clarity around crypto and decentralized projects continues to evolve, Malta’s approach could offer valuable insights into balancing innovation with oversight in the growing DeFi sector.