According to Odaily Planet Daily, in August this year, the Hong Kong High Court heard the world's first lawsuit involving DAO and ruled that six defendants must disclose detailed financial statements and supporting documents of the blockchain and RWA projects, involving more than 6 billion yuan.
Wu Jiezhuang, Chairman of the Hong Kong Legislative Council, Web3 and Virtual Asset Development Forum Committee, suggested that the SAR government introduce DAO regulatory regulations. He believes that the digital asset ecosystem needs to regulate DAO as soon as possible and establish a framework for public chains to land in Hong Kong.
Wu Jiezhuang pointed out that the United States and Abu Dhabi already have relevant legal frameworks, and Hong Kong should establish a DAO licensing system based on the securities industry licensing system, requiring licensed DAOs to clarify internal relationships and establish responsible personnel.