The Republic of the Marshall Islands Allows Registration of DAOs as Legal Entities – Regulation Bitcoin News

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The Republic of the Marshall Islands Allows Registration of DAOs as Legal Entities – Regulation Bitcoin News
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MIDAO Directory Services Inc. was involved in the successful incorporation of Shipyard Software’s Admiralty LLC.

DAOs Will Be Allowed to Register as Legal Entities

According to a recent media release, the island nation has already established a domestic organization, MIDAO Directory Services Inc., to help DAOs register as legal entities within the Marshall Islands. The media release adds that MIDAO was involved in the successful incorporation of Shipyard Software’s Admiralty LLC, an entity that builds “decentralized exchanges for specific types of trades, traders, and instruments.

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