The Finnish Minister of Communications calls for EU legislation to recognize DAOs

ChainCatcher news, according to CoinDesk, Finnish Minister of Communications Timo Harakka stated at a panel discussion during this year's World Economic Forum that the EU should consider legislation to recognize decentralized autonomous organizations (DAOs) that manage Web3 applications. Timo Harakka mentioned that this move could avoid the need to amend thousands of laws while preventing harmful competition among the 27 EU member states. (Source link)