Inflation, Russia, and NATO dominated the recent global atmosphere setting the pace for crypto last week, but major banks, the NYSE, and DAOs legalization were also players in the game. Check out our latest Crypto Biz newsletter!
, a tiny island state near the equator in the Pacific Ocean, has formally recognized decentralized autonomous organizations as legal entities — potentially opening the door to new registrations from projects all over the world. DAOs were granted legal recognition in the recently amended Non-Profit Entities Act 2021 and new incorporations will be supported by MIDAO Directory Services Inc., a domestic organization that was established to help projects get set up.
It’s clear that the Marshall Islands is looking to become a global hub for DAO registration and is actively marketing its low service fees and supportive government.has acquired stablecoin payment platform First Digital in a deal reportedly worth $100 million. The acquisition gives Fireblocks additional resources to improve payment onramps to the cryptocurrency sector.
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