Home Cryptocurrency DAO-Specific Legislation Isn’t Needed Yet, Existing Rules Apply, Law Commission of England and Wales Says

DAO-Specific Legislation Isn’t Needed Yet, Existing Rules Apply, Law Commission of England and Wales Says

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“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.”

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