1 year ago
The Republic of the Marshall Islands (RMI) announced connected Dec. 22 that it had enacted the Decentralized Autonomous Organizations Act of 2022.
The instrumentality formally recognizes DAOs and allows ineligible entities registered successful the state to follow DAO structures and governance tools.
The Decentralized Autonomous Organization Act of 2022 volition supply some nett and non-profit DAOs the enactment to registry nether the internationally recognized LLC structure.
Further, the instrumentality volition admit the governance, voting, and tokenization processes of DAOs arsenic legal.
The recently passed measure aims to pull DAOs and Web3 leaders by mounting up a DAO registry process facilitated by MIDAO, a section company.
Additionally, arsenic portion of the bill, the authorities volition make an concern money to beforehand further acquisition and grooming connected DAOs.
Earlier successful November, Marshall Islands besides announced plans to present its ain cryptocurrency arsenic a signifier of ineligible tender alongside the U.S. dollar.
The station Marshall Islands passes instrumentality recognizing DAOs arsenic ineligible entities appeared archetypal connected CryptoSlate.
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