Decentralized Autonomous Organizations and the Anti-Money Laundering Challenge: Rethinking Global Frameworks for a Leaderless World
Uri Volovelsky † & Sivan Shlomo Agon ‡[This essay is available in PDF at this link] Abstract Decentralized Autonomous Organizations (DAOs) are blockchain-based entities that operate without centralized management or shareholders, enabling worldwide token holders the option of participating in their governance through self-executing smart contracts. With approximately fifty thousand DAOs controlling over $30 billion in assets, these organizations offer unprecedented efficiency and global collaboration, enabling stakeholders to participate and contribute to the operation of DAOs regardless of their jurisdiction or physical presence. DAOs, however, also present significant legal and regulatory challenges, particularly concerning liability, contractual enforcement, tax obligations, and […]

