Future of DAOs limited by lack of regulatory framework: ECB Occasional Paper

Decentralized autonomous organizations (DAOs) require an extensive regulative framework if they are to make a place in the future of the monetary sector, suggests the European Central Bank (ECB) occasional paper (OP). Rapid development of the DAO community amidst unpredictable regulative conditions. Source: ecb.europa.euAs DAOs continue to flood the market with distinct offerings, imposing a “registration structure that was developed for a pen-and-paper era” stops working to resolve the numerous liabilities they provide to financiers.

Panetta supported the European Commissions legal proposals for the digital euro, specifying that it would make sure Europeans constantly have access to a public payment alternative, whether money or digital, even as “closed-loop services are becoming significantly prevalent” in personal payment services. Publication: Beyond crypto: Zero-knowledge evidence reveal potential from voting to finance