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#10 - The Crypto Islands
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
View all episodes
By Balaji Srinivasan
4.9
106106 ratings
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
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