A Bureaucratic DAO is a type of decentralized autonomous organization that emphasizes structured governance and formal processes. Unlike other DAOs that may operate more loosely, these organizations have defined roles, regulations, and protocols to guide decision-making.Members often participate through a hierarchical system, where specific responsibilities are assigned to various individuals or teams. This structure can help in managing complex projects or maintaining accountability, ensuring that tasks are completed efficiently.Bureaucratic DAOs typically utilize smart contracts to enforce rules and automate processes. This allows for transparency and can aid in reducing disputes among members. While the rigidity of a bureaucratic system can be beneficial for organization, it may also lead to slower decision-making compared to more fluid mechanisms.Overall, these DAOs blend traditional organizational principles with blockchain technologies, striving to create a balance between flexibility and structure.

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