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Regulation & Legal Intermediate

LLC

Definition

Limited Liability Company — a US business structure increasingly used as legal wrappers for DAOs. Wyoming's DAO LLC law specifically recognizes decentralized governance and smart contract management.

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Difficulty

Intermediate

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Category

Regulation & Legal

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See Also

8 related

◆ Key Takeaways

1

Limited Liability Company — a US business structure increasingly used as legal wrappers for DAOs.

2

Wyoming's DAO LLC law specifically recognizes decentralized governance and smart contract management.

Why It Matters

This regulatory concept affects how crypto businesses operate and how individuals report and manage their crypto activities. Staying informed helps you remain compliant and avoid legal issues.

Related Terms in Regulation & Legal

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A FATF requirement that financial institutions share originator and beneficiary information for transfers above a threshold. Applied to crypto, VASPs must exchange customer data for qualifying transactions.

Know Your Customer — mandatory identity verification requiring government ID, proof of address, and sometimes biometric data. Required by regulated exchanges and service providers under AML laws.

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