An Autonomous DAO, or Decentralized Autonomous Organization, is a type of organization that operates through smart contracts on a blockchain. It is governed by code rather than people, enabling decisions to be made collectively by its members.Members typically hold tokens that represent voting power. Proposals for changes or initiatives can be made by anyone, and token holders vote on these proposals. Once a proposal passes, the smart contract automatically executes the agreed-upon actions.This structure promotes transparency and reduces the need for intermediaries, as all transactions and decisions are recorded and verifiable on the blockchain. Autonomous DAOs can be used for various purposes such as managing funds, creating community projects, or supporting specific initiatives.The goal of an Autonomous DAO is to create a self-sustaining organization that aligns the interests of its members while promoting decentralization and democratic governance.
UK’s FCA to Allow Retail Investors Limited Access to Crypto ETNs
The UK’s Financial Conduct Authority (FCA) will permit retail investors to access certain crypto asset-backed exchange-traded notes (cETNs) for the