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#90 - Offshore & Crypto in the BVI, Caymans and Guernsey with Chris Duncan

Law of Code

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The Dynamic of DAOs in Cayman

Many DAOs are just DAO and name only. They operate like a traditional organization or company or unincorporated association would. There's some things that happen on chain and don't really need the foundation to sign off, but other things such as opening a bank account do need legal backing. And so it's sort of being quite careful to sort of draw the lines around what we really want the community to decide on. Some things definitely shouldn't go to administrative, minor stuff.

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