Abu Dhabi launched the Distributed Ledger Technology (DLT) Foundation Regulations 2023, which aims to provide a comprehensive framework for DLT foundations and decentralized autonomous organizations (DAOs) and legalize the operations of decentralized entities such as DAOs. The framework will take effect immediately, allowing the DAO, which has long operated in a legal gray area, to operate legally and issue tokens to its members.
The move is part of a larger plan by Abu Dhabi to “promote initiatives in the broader blockchain and digital asset space.” (CoinDesk)