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RE: Bloomberg View on DAO

in #crypto-news8 years ago

This is full of gems:

"Meanwhile there is this weird idea from "Stephan Tual of Slock.it, the startup that wrote the DAO's code":

“It’s not bound by terms of law and jurisdiction,” said Mr. Tual. “It’s bound by code.”

Nothing here is ever legal advice, but I'd advise Mr. Tual to consult a lawyer, preferably one with a license from somewhere other than the Land of Ethereum. The notion that uttering the word "blockchain" somehow exempts you from national regulation is a popular one -- we have talked about it before -- but it is not widely shared by national regulators. "

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