New Hampshire Considers Legislation to Grant Legal Personhood to DAOs
Legal systems around the world are struggling to keep up with the use of blockchain technologies, including smart contracts, cryptocurrencies, and digital assets. Decentralized Autonomous Organizations (DAOs) offer a new way of conducting governance and transactions, but the lack of appropriate legal rules creates uncertainty and risk. New Hampshire is considering a new legal entity law for DAOs that would grant them legal personhood and limited liability, but this is not yet widely recognized. The proposed New Hampshire Decentralized Organization Act aims to establish a legal framework that recognizes DAOs as legal entities and grants limited liability protection to participants.
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