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The UK legal authority says there is no need for specific legislation on DAOs at this time
The Law Commission for England and Wales, which reviews and recommends changes to the law to the UK government, said it does not recommend a new legal framework for decentralized autonomous organizations (DAOs) because they may be subject to existing regulations that require companies to obtain authorisation to operate in the UK. The independent statutory body wrote in a paper published on Thursday that if the DAO engaged in "specific activities" related to "specific investments"...
2024-07-11 13:00:52
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