Marshall Islands passes law recognizing DAOs as legal entities

2022-12-22 22:00

The Republic of the Marshall Islands (RMI) announced on Dec. 22 that it had enacted the Decentralized Autonomous Organizations Act of 2022.

The law formally recognizes DAOs and allows legal entities registered in the country to adopt DAO structures and governance tools.

The Decentralized Autonomous Organization Act of 2022 will provide both profit and non-profit DAOs the option to register under the internationally recognized LLC structure.

Further, the law will recognize the governance, voting, and tokenization processes of DAOs as legal.

The newly passed bill aims to attract DAOs and Web3 leaders by setting up a DAO registry process facilitated by MIDAO, a local company.

Additionally, as part of the bill, the government will create an investment fund to promote further education and training on DAOs.

Earlier in November, Marshall Islands also announced plans to introduce its own cryptocurrency as a form of legal tender alongside the U.S. dollar.

The post Marshall Islands passes law recognizing DAOs as legal entities appeared first on CryptoSlate.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Cayman Islands Dollar (KYD) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 KYD

marshall islands entities legal passes law recognizing

Источник: cryptoslate.com

marshall islands → Результатов: 75


Фото:

Marshall Islands’ President and Plans for National Cryptocurrency Narrowly Survive Vote-of-no-Confidence

The plans to develop a national cryptocurrency are still intact after Hilda Heine, the president of the Republic of Marshall Island survived a crucial vote-of-no-confidence on Nov. 12th. The vote was split at 16-16, one vote short of the minimum number required to force Heine to resign as the head of state.

2018-11-15 16:29


Фото:

Marshall Islands forges ahead with national cryptocurrency

The Republic of Marshall Islands (RMI) president Hilda Heine has survived a vote of no confidence by just one vote, meaning her proposed national cryptocurrency is still on the cards. Heine’s opponents were unable to find the majority required to oust Heine over persistent plans to alleviate the nation’s reliance on the US dollar with a national cryptocurrency called “the Sovereign,” Nikkei Asian Review reports.

2018-11-12 19:42


Фото:

Marshalls President to Face No-Confidence Motion for Creating a Sovereign Crypto Currency Criticized by the IMF and the U.S Government

Marshall Islands President Hilda Heine’s plans to create a cryptocurrency that would function as a legal tender could be frustrated by the efforts of eight senators from the country who joined together to present a no-confidence motion after the IMF, and the United States expressed their disagreement.

2018-11-8 18:10


Фото:

Marshall Islands President Faces Vote-of-no-confidence After Pushing Ahead With Plans to Issue a National Cryptocurrency

Hilda Heine, the president of the Republic of Marshall Islands (RMI), is fighting for her political career after she allegedly defied the International Monetary Fund’s (IMF) advice and went ahead with the introduction of a new digital currency that the IMF considers to be a threat to the country’s financial stability.

2018-11-7 15:59


дальше еще 26 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Owocki rejoins Gitcoin amid shifting landscape and open-source funding needs

In a recent Gitcoin forum post, Kevin Owocki, co-founder of Gitcoin, outlined his intentions for the platform following significant changes within the company. Owocki announced his departure from Supermodular, now Buildbox, with plans to refocus his efforts on Gitcoin and its Decentralized Autonomous Organization (DAO).

OpenAI needs a DAO to manage ChatGPT

A decentralized autonomous organization could help solve concerns over issues including ChatGPT’s political biases and its potential for abuse.

Tornado Cash developer seeks $240K salary to resurrect protocol

A Tornado Cash developer identified as “Gozzy” has initiated a proposal to receive $240,000 in remuneration to continue development activities on the sanctioned mixing protocol. The post Tornado Cash developer seeks $240K salary to resurrect protocol appeared first on CryptoSlate.