Where do you legally set up your DAO or web3 organization? You might check out the Marshall Islands. They recently passed a new bill that's a model for global crypto regulation. The Decentralized Autonomous Organizations Act of 2023 has several major features: it allows DAOs to be set up in 30 da...
Where do you legally set up your DAO or web3 organization? You might check out the Marshall Islands. They recently passed a new bill that's a model for global crypto regulation. The Decentralized Autonomous Organizations Act of 2023 has several major features: it allows DAOs to be set up in 30 days, limits DAO liability for open-source, and makes clear that governance tokens are not securities.
Joining Balaji today are the architects of the DAO law as well as the founder of MIDAO (https://midao.org), an organization which allows anyone to set up a DAO in the Marshall Islands.
OUTLINE
00:00 - The Marshall Islands DAO Law
02:00 - About the Marshall Islands
04:05 - Decentralized Autonomous Organization Act of 2022
09:17 - Visiting the Marshall Islands
10:48 - Overview of the DAO Law
20:56 - Legal Bridge Between Web2 and Web3
23:41 - Banking with Marshall Islands DAOs
27:09 - Updating the DAO Act
31:50 - Marshall Islands fully supports DAOs
34:23 - DAO Law is like the new Ship Registry
37:01 - Private Islands as Special Economic Zones
40:08 - Recap and overview of the DAO law
VIDEO
YouTube: https://youtu.be/ojbWm9HqVj0
SOCIAL
https://www.coindesk.com/policy/2023/10/30/marshall-islands-further-strengthens-law-that-made-daos-legal-entities/
https://midao.org
https://thenetworkstate.com/podcast
https://twitter.com/adamjgmiller
https://twitter.com/balajis