#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