Yes, participants are still required to follow the laws of their country. e.g. If you made gains on this hypothetical DAO, it isn’t magically exempt from capita

Yes, participants are still required to follow the laws of their country. e.g. If you made gains on this hypothetical DAO, it isn’t magically exempt from capital gains tax. The laws around setting up and participating in DAOs are still being defined, but at the moment it is more accessible than creating the same procedures through traditional legal contracts. Maybe that will change.