Decentralised finance has outpaced regulation – ECB paper

Blockchain

Technology in decentralised finance has outpaced regulation, a working paper published by the European Central Bank on October 17 argues. It calls for a co-ordinated global response to the blockchain economy.

Decentralised autonomous organisations (DAOs) on the blockchain automate decision-making, management and entity ownership with no central authority. Members of the DAO can own its tokens and vote on rules.

The future of DAOs in finance – in need of legal status by Ellen Naudts highlights

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