“We do not, at least at this relatively early stage in the development of DAOs, recommend the development of a bespoke legal framework for DAOs in England and Wales,” it wrote. “This is largely because there is no consensus on what a DAO is, how it should be structured, or what a DAO-specific entity could or should look like.”
Related posts
-
Ex-Bank of Japan Official Rules Out Another Rate Hike This Year
The BOJ recently raised rates for the first time in over a decade, destabilizing global markets,... -
Dragonfly, Crypto.com Weigh in on CFTC's Proposed Prediction Market Rules
Both parties argue the CFTC’s move to regulate prediction markets is an overreach, with Dragonfly arguing... -
Putin Signs Law to Advance Cryptocurrency Use in Russia’s International Trade
Russian President Vladimir Putin has signed a new law to establish experimental legal frameworks to advance...