Share on LinkedInShare on LinkedIn

ARTICLE · 08 OCTOBER 2021

Market Intelligence Thought Leadership Award Winner

On DAOs And Don'ts

Ikigai Law
Explore more from Ikigai Law

A starfish is an organism without a head. So is a DAO. We're not saying a DAO is a starfish. Okay, we'll begin again.

IndiaCorporate/Commercial Law
Priyam Judhele
Priyam Judhele
Anirudh Rastogi
Anirudh Rastogi
Author LinkedIn connections

A starfish is an organism without a head. So is a DAO. We dive into the regulation of decentralised autonomous organisations, including the recently enacted DAO law in Wyoming.

A starfish is an organism without a head. So is a DAO. We're not saying a DAO is a starfish. Okay, we'll begin again.

A new law1 came into effect in the US state of Wyoming. This law specifically deals with decentralised autonomous organisations or DAOs. What are DAOs? How do they work? How does the law treat DAOs? These are some of the questions this article tries to answer.

What exactly is a Decentralised Autonomous Organisation or a DAO?

Quite simply, you could think of DAO as a new kind of company. The key difference being, instead of articles of association, a DAO has a self-executing code (smart contract) to govern it. And like the word decentralised indicates, it does not have a central governing authority like a traditional company has board of directors.

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

Register for freeORLog in

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

View source

Related Articles

Legal Intelligence Newsletters: sign up for the latest legal and regulatory news on your chosen topics

Read more about

Related Comparative Guides

See more popular content from

Article

CCPS In India: Why Compulsorily Convertible Preference Shares Remain Central To Venture Capital And M&A Transactions

Compulsorily Convertible Preference Shares (CCPS) remain one of the most widely used instruments for venture capital and private equity investments in Indian companies. Their appeal lies in the ability to combine equity classification with negotiated economic and governance protections. But CCPS are not governed by a single, standalone statutory framework. Their legal treatment is instead shaped by the Companies Act, FEMA and foreign investment rules, tax law, and, where applicable, SEBI regulations.
IndiaCorporate/Commercial Law
King, Stubb & Kasiva
King, Stubb & Kasiva
Article

Overview Of The Consumer Protection (E-Commerce) (Amendment) Rules, 2026

Argus Partners maintains offices in Mumbai, New Delhi, and Bengaluru, providing legal services across India's major business centers. The firm operates under strict Bar Council of India regulations that prohibit solicitation and advertising, with this website serving purely informational purposes. Users must acknowledge that no attorney-client relationship is created through website access and should seek independent legal advice for specific matters.
IndiaCorporate/Commercial Law
Argus Partners
Argus Partners
Article

FCRA Amendment Rules, 2026: Key Changes And Practical Implications

AZB & Partners provides important disclaimers regarding the nature and purpose of their website, clarifying that no solicitation or advertising has occurred and that the information is provided solely at the user's request. The firm outlines the limitations of the website content and emphasizes that accessing it does not create a lawyer-client relationship. Users are informed about their responsibilities when using the site and the firm's intellectual property rights over the content.
IndiaCorporate/Commercial Law
AZB & Partners
AZB & Partners