The paper is structured as follows.
Section 1 is an introduction
Section 2 sets out a working definition of DAOs, as well as an overview of their functions.
Section 3 investigates the main legal problems which could affect DAOs, namely the lack of limited liability, the governance issues and the representation of interests.
Section 4 looks at some of the more interesting legislative tools and proposals which apply to DAOs around the globe by highlighting the latest legislative developments on the EU side.
Section 5 contains policy-oriented remarks.