What’s on the horizon for FinTech and Crypto in 2022?

Hello friends, and Happy New Year 2022! I strongly believe that this year is going to be the year of crypto. In today’s episode, it is dedicated to DAOs (Decentralized Autonomous Organization) and why I don’t believe in them.

Join me as I share my thoughts on DAOs and their possible future.

If you found value in this episode, I would really appreciate it if you could leave a review! My mission is to help and support as many FinTech startups as possible, and when you leave a positive review, more people can find this podcast and help their companies! If you are on Apple, just click here to review, select “Ratings and Reviews” and “Write a Review” and tell me what your favorite part of the podcast is.

Today’s episode:

• [00:58] – The focus of this episode: DAOs
• [02:06] – Bitcoin ecosystem is generally considered the first functioning DAO.
• [03:24] – Two most popular DAO cases.
• [06:25] – Why do I think that DAO is a bad idea for escaping or avoiding regulations, or jurisdictions.
• [07:32] – And the three main problems with DAOs in this case.
• [09:22] – An internet community with a shared bank account sounds great in theory.
• [09:44] – Funding of a DAO and function of a DAO often depends on distributing tokens.
• [10:17] – Why DAOs are a weak governance idea.
• [12:03] – What may happen in the future for DAOs.

Show links:

• Sign up for the Compliance That Makes Sense Helpline today!

• Interested in FinTech compliance? – consider investing in the FinTech Compliance Self-Starter Package!

• I would love to invite you to sign up for my newsletter. If you are interested, please click here.