The Republic of the Marshall Islands has taken another step forward in the regulation of decentralised autonomous organizations (DAOs) by passing the “Decentralized Autonomous Organization Act of 2023”. The bill’s primary architects are Member of Parliament David Paul, and Adam Miler, CEO & Co-Founder of MIDAO (Marshall Islands DAO). MIDAO is a unique public private partnership between the Marshall Islands and MIDAO Directory Services, which acts as the DAO registrar’s office and a leading player in the development of Web3 in the Marshall Islands.
Read more about the new DAO law
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