Technology

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The UK Law Commission recently released a scoping paper discussing the potential legal classification of Decentralized Autonomous Organizations (DAOs) within the country. DAOs, which are blockchain-based communities formed around a common purpose, have been hailed as the future of corporate governance. However, the Commission emphasized the difficulties in defining and categorizing DAOs due to the
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Recently, the US Securities and Exchange Commission (SEC) concluded its investigation into stablecoin issuer Paxos. Paxos announced on July 11 that it received a termination notice from the SEC on July 9. The notice confirmed that the regulator would not take any enforcement action against Paxos Trust Company regarding the Binance USD (BUSD) stablecoin. Over