Crypto news, Malta Financial Services Authority (MFSA) is exploring how decentralized finance (DeFi) can adapt to the European Union's crypto asset market (MiCA) framework, with a focus on governance, accountability, and the definition of "full decentralization." MFSA stated that although MiCA excludes projects described as "fully decentralized," many DeFi projects still retain centralized features, such as administrator keys, centralized governance, protocol upgrade rights, and user interface control. The regulatory agency is seeking feedback and discussing whether decentralization should be viewed as a spectrum rather than a binary concept, and whether standardized frameworks should be established to determine when protocols fall outside the scope of MiCA. MFSA's discussion document is open for public feedback, with a deadline of July 10.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 2
  • Repost
  • Share
Comment
Add a comment
Add a comment
FeeFiFoFum
· 3h ago
Deadline is July 10th; feedback needs to be written quickly. This kind of regulatory framework directly affects how project teams design governance.
View OriginalReply0
FomoAfterYoga
· 3h ago
Spectrums are more reasonable than binary oppositions; many protocols claim to be decentralized, but their backend can still be upgraded with a single click.
View OriginalReply0
  • Pinned