🚀 Big news from the UK! The Law Commission says DAOs don't need new laws and can fit into existing financial regs. 🎉

Why? Because DAOs are like snowflakes—no two are the same! ❄️ They range from pure DAOs to hybrids, making a one-size-fits-all law impractical.

They're also trustless, which adds a twist to the regulatory puzzle. 🧩

The commission suggests tweaking the Companies Act 2006 and looking into nonprofit DAOs and AML rules. Plus, they call for global cooperation on AML and tax frameworks.

What do you think? Drop your thoughts below! 👇

#DeFi #Web3 #Blockchain #DAOs