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.

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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