Malta Financial Services Authority publishes DeFi discussion paper, seeks industry feedback

CoinFeed June 18 news, according to Crowdfund Insider, the Malta Financial Services Authority published a DeFi discussion paper on June 17, aiming to gather insights on this emerging sector to strengthen Malta's position as a digital finance hub. The paper analyzes the interaction between decentralized systems and MiCA rules, explores novel organizational frameworks such as software-driven entities and fully decentralized governance, and the possibility of introducing segregated cell company structures in the DeFi environment. The paper also discusses the impact of account abstraction technology on governance, compliance, and user experience, emphasizing the balance between encouraging innovation and addressing accountability, system resilience, consumer protection, and financial crime risks. Stakeholders can submit feedback by July 10.