Distributed Autonomous Systems refer to systems that operate with minimal human intervention, using smart contracts and decentralized networks. They leverage blockchain technology to achieve autonomy, allowing them to execute tasks based on predefined rules and conditions.In these systems, decisions and operations occur across a distributed network of nodes. This ensures transparency and security, as all transactions and processes are recorded on the blockchain, making them immutable. Participants in the network can interact through peer-to-peer protocols, facilitating collaboration and consensus without a central authority.A key feature is the use of smart contracts, which automate processes and enforce agreements when specific criteria are met. This reduces reliance on intermediaries, lowers costs, and enhances efficiency. Examples include decentralized finance (DeFi) applications, which enable lending, borrowing, and trading directly between users without traditional banks. As these systems evolve, they promise to reshape various industries by providing innovative and autonomous solutions.

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