kaal:claim:4529715-017

DAOs without effective governance structures and policies risk violating local laws and regulations, exposing themselves to legal and regulatory consequences.

Source quote, verbatim

Furthermore, DAOs that do not have effective governance structures and policies may be at risk of violating local laws and regulations, which can lead to legal and regulatory consequences.

From

Wulf A. Kaal, Josh Bykowski, Decentralized Autonomous Organizations (DAO) – A Market Meta Analysis (2023), Current state of DAOs, p. 17
https://ssrn.com/abstract=4529715 · source PDF

Cite as

Wulf A. Kaal, Josh Bykowski, Decentralized Autonomous Organizations (DAO) – A Market Meta Analysis (2023). SSRN: https://ssrn.com/abstract=4529715

Classification

failuresupport: arguedfailure: regulatory-exposure-from-weak-governancefamily: governance-participation-collapsedaogovernance-designlaw-and-legal-systemsrisk-and-incentives

Related claims

extended_by kaal:claim:5254152-005 Poorly governed DAOs face significant risks of centralization, lack of transparency, and inefficiency, so effe...

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