Marshall Islands Passes Law Recognizing DAOs As Legal Entities

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.

(by Soumen Datta)

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