MiCA and DeFi ('Proposal for a Regulation on Market in Crypto-Assets' and 'Decentralised Finance')

C. Maia, Guilherme; Vieira dos Santos, João

doi:10.2139/ssrn.3875355

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MiCA and DeFi ('Proposal for a Regulation on Market in Crypto-Assets' and 'Decentralised Finance')

Forthcoming article in "Blockchain and the law: dynamics and dogmatism, current and future"; Eds: Francisco Pereira Coutinho, Martinho Lucas Pires and Bernardo Barradas

21 Pages Posted: 23 Jul 2021

See all articles by Guilherme C. Maia

Guilherme C. Maia

Faculdade de Direito da Universidade de Lisboa

João Vieira dos Santos

Faculdade de Direito da Universidade Lusófona

Date Written: July 1, 2021

Abstract

This paper aims to analyze the relation between the proposal for a Regulation on Markets in Crypto-assets (MiCA), an element of the Digital Finance Package of the European Commission presented on the 24th of September of 2020, and DeFi (Decentralised Finance), an ecosystem of decentralised applications (dapps) that provide financial services built on top of peer-to-peer and trustless networks.

Keywords: Crypto-assets, Decentralised Finance, Blockchain, Fintech

JEL Classification: K23, K22

Suggested Citation: Suggested Citation

Maia, Guilherme and Vieira dos Santos, João, MiCA and DeFi ('Proposal for a Regulation on Market in Crypto-Assets' and 'Decentralised Finance') (July 1, 2021). Forthcoming article in "Blockchain and the law: dynamics and dogmatism, current and future"; Eds: Francisco Pereira Coutinho, Martinho Lucas Pires and Bernardo Barradas, Available at SSRN: https://ssrn.com/abstract=3875355 or http://dx.doi.org/10.2139/ssrn.3875355