UK: DECENTRALISED AUTONOMOUS ORGANISATIONS (DAO)

The Law Commission advises that the UK Government has recently asked it to carry out a scoping study into DAO. It says that it intends to begin work in Summer 2022, and issue a call for evidence seeking views on current practice later this year.  It says that DAO are increasingly important in the context of crypto-token networks and many DAO hold assets of significant value, but their legal, regulatory and tax status is unclear.

https://www.lawcom.gov.uk/project/decentralised-autonomous-organisations-daos/

Any modest contributions for my time and ongoing expenses are welcomed!  At Buy me a Coffee one-off contributions start as low as $3, at

https://www.buymeacoffee.com/KoIvM842y

NOTE THAT THE ABOVE LINK IS NOW CORRECTED AND WORKS!

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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