The Registration Authority of Abu Dhabi Global Market has made a groundbreaking announcement with the launch of the Distributed Ledger Technology (DLT) Foundation System. This marks a significant step towards creating a formal regulatory structure for blockchain foundations and Decentralized Autonomous Organizations (DAOs). The move is set to empower DAOs, enabling them to operate within legal bounds and issue tokens securely.
the Abu Dhabi Global Market’s Registration Authority has unveiled a regulatory framework specifically tailored for blockchain foundations and DAOs. This initiative aims to provide legal clarity and support for entities operating within the blockchain space, fostering a conducive environment for innovation
The DLT Foundation System is designed to bring transparency and accountability to the rapidly evolving world of blockchain. By establishing a formal regulatory structure, the Registration Authority seeks to address potential legal ambiguities and create a secure space for DAOs to flourish.
The introduction of the DLT Foundation System signifies a pivotal moment for the blockchain community, granting legal legitimacy to DAOs. Previously operating in a somewhat grey area, DAOs can now navigate the regulatory landscape confidently. This opens doors for them to conduct legal operations and issue tokens without fear of legal repercussions.
