# South Africa declares crypto to be a financial product subject to financial services law

# South Africa declares crypto to be a financial product subject to financial services law

” South Africa declares crypto to be a financial product subject to financial services law “ The Financial Sector Conduct Authority (FSCA), South Africa’s financial regulator, published a notice Oct. 19 indicating that the country’s 2002 Financial Advisory and Financial Intermediary Services Act (FAIS) has been updated to include a definition of crypto assets. A…

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# UK Law Commission expects ‘substantial impact’ from digital asset law review

# UK Law Commission expects ‘substantial impact’ from digital asset law review

” UK Law Commission expects ‘substantial impact’ from digital asset law review “ The Law Commission of England and Wales hopes to establish the United Kingdom as a leading jurisdiction to grapple with legal disputes involving emerging technologies like cryptocurrencies, digital assets and electronic documentation. The project, dubbed “Digital Assets: Which Law, Which Court?” was…

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# DAOs need checks and balances to have better governance

# DAOs need checks and balances to have better governance

” DAOs need checks and balances to have better governance “ Over the past few years, decentralized autonomous organizations (DAOs) have introduced a clear paradigm shift in blockchain governance. With their community decision-making and adherence to hardcoded rules, they have challenged the role of hierarchy and central authority that are present in modern organizations, especially…

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