Marshall Islands further strengthens laws making DAO a legal entity

Bitget App

Trade smarter

Bitget

News

Cointime2023/10/30 21:18

By:Cointime

David Paul, a member of the Republic of Marshall Islands Parliament, and Adam Miller, CEO and co-founder of MIDAO, stated that the Marshall Islands Parliament passed legislation last week to further promote its already-perfected decentralized autonomous organization (DAO) laws. The original law stated that DAOs do not need a board of directors, do not require written or paper records if they are on the blockchain, and every member of the DAO, except for one person, can remain anonymous. Those who do not wish to remain anonymous do not need to be in the Marshall Islands but must provide detailed KYC information. The revised law strengthens the advantages of the original law by providing faster registration times (up to 30 days). It also stipulates that DAOs will not be responsible for their use of open source software alone. In addition, the law stipulates that most governance tokens are not securities if they do not confer any economic rights. This move also makes the Marshall Islands the first country to legally incorporate DAO series limited liability companies.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops

Lock your assets and earn 10%+ APR

Lock now!

- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.

Bitget-RWA•2025/09/12 06:14

FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn

OPEN has dropped by 189.51% within 24 hours during a significant market pullback

- OPEN's price plummeted 189.51% in 24 hours to $0.8907, marking its largest intraday decline in history. - The token fell 3793.63% over 7 days, matching identical monthly and yearly declines, signaling severe bearish momentum. - Technical analysts cite broken support levels and lack of bullish catalysts as key drivers of the sustained sell-off. - Absence of stabilizing volume or reversal patterns leaves the market vulnerable to further downward pressure.

Bitget-RWA•2025/09/12 06:14