The Malta Financial Services Authority has published a discussion paper on decentralised finance and opened a public consultation on the sector's opportunities, risks and regulatory treatment. The paper is intended to inform debate on how DeFi could affect financial services and how supervision may develop within the European framework, including in relation to the Markets in Crypto-Assets Regulation. The paper focuses on the interaction between DeFi and MiCA, software-based organisational models and decentralised governance structures, the possible use of Segregated Cell Company structures in DeFi ecosystems, Guardian Agents as embedded risk management and market integrity mechanisms, and Account Abstraction and its implications for governance, compliance and user interaction. It also highlights accountability, operational resilience, consumer protection and financial crime risks as key regulatory issues. Comments are due by 10 July 2026. The feedback will support the authority's ongoing assessment of DeFi developments and may inform future policy and regulatory considerations.
Malta Financial Services Authority2026-06-17
Malta Financial Services Authority launches consultation on DeFi governance models and MiCA-related regulatory issues
The Malta Financial Services Authority has issued a discussion paper on decentralised finance and launched a consultation on its regulatory implications, including the interaction with MiCA. The paper examines governance models, organisational structures and technology features such as Guardian Agents and Account Abstraction, alongside risks around accountability, resilience, consumer protection and financial crime. Comments are due by 10 July 2026.