Marshall Islands legally acknowledges DAOs as home restricted legal responsibility firms By Cointelegraph

The Republic of the Marshall Islands, an unbiased island state positioned within the Pacific Ocean close to the Equator, has introduced that the Decentralized Autonomous Organizations Act of 2022 has formally been handed into regulation.

The regulation acknowledges decentralized autonomous organizations and allows authorized entities registered within the nation to formally undertake DAO constructions and governance instruments. The federal government hopes the transfer will encourage the expansion of decentralized entities and their accompanying components inside the state.

Proceed Studying on Coin Telegraph