The UK Law Commission has suggested that decentralized autonomous organizations (DAOs) should be governed by existing financial regulations and tax frameworks, rather than requiring new legal oversight. The Commission argues that the diverse nature of DAOs makes it challenging to implement a universal law. It also proposes reviewing the Companies Act 2006 for better oversight of DAOs operating as limited liability partnerships and suggests international cooperation for a global Anti-Money Laundering and tax framework for DAOs. Meanwhile, the Solicitors Regulation Authority warns about a Bitcoin scam facilitated by impersonators of legitimate law firms.