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Benjamin Bathgate, partner at Canadian-based law firm McMillan LLP, says the lawsuit against Avraham Eisenberg, the alleged Mango Markets exploiter, could impact how DAOs implement their legal and governing structures in the future. Original Source
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Fumio Kishida, the Prime Minister of Japan, has come out in support of blockchain as a potential solution for technological issues facing the country.In response to questioning from Liberal Democratic Party member Masaaki Taira before the Budget Committee of Japan’s House of Representatives on Feb. 1, Kishida said there were
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The founder of CityDAO weighs solutions to decentralized autonomous organizations’ coordination and regulatory problems. Original Source
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Buying DAO tokens? That’s no longer risk-free: Courts might consider you a partner in the business and judge you liable for millions in hacked funds. Another legal trap may be found simply working for a DAO — and
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Brussels must act to enable smart contracts to take off across the bloc, communications minister Timo Harakka said. Source
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The World Economic Forum (WEF) released a “toolkit” for digital autonomous organizations (DAOs) on Jan. 17. More than 100 experts contributed to the document attempts to provide “a starting point for DAOs to develop effective operational, governance and legal strategies.”The 37-page so-called toolkit is explanatory in nature, with concise but
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Using a two-treasury system, the base layer would focus on building the necessary technical infrastructure such as the blockchain, bridging tools and other tooling. Meanwhile, the ecosystem layer will focus on supporting builders and entrepreneurs that are building Web3 businesses, applications and protocols. Source
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Collective action, labor struggle and protest go hand in hand, and it’s no secret that unionizing and organizing to fight for workers’ rights is a tedious task. But is there a way to simplify and boost the efficiency of the process?On this week’s episode of the newly launched podcast The
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The Republic of the Marshall Islands, an independent island state located in the Pacific Ocean near the Equator, has announced that the Decentralized Autonomous Organizations Act of 2022 has officially been passed into law.The law recognizes decentralized autonomous organizations and enables legal entities registered in the country to formally adopt
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2022, however, flipped this script. Today, DAOs have the option to engage with authorities and legal systems, and several jurisdictions now recognize the newest evolution of human organization. Wyoming and Tennessee in the United States and the Republic of the Marshall Islands have all created DAO LLCs, which are highly
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