Decentralized autonomous organizations don't currently need specific legislation because they look to be subject to existing laws, the Law Commission of England and Wales said.The Law Commission of England and Wales, which reviews and recommends changes to laws to the U.K.
"We do not, at least at this relatively early stage in the development of DAOs, recommend the development of a bespoke legal framework for DAOs in England and Wales," it wrote."This is largely because there is no consensus on what a DAO is, how it should be structured, or what a DAO-specific entity could or should look like."
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