TechFlow News — According to Cointelegraph, on February 16, the Republic of the Marshall Islands, a Pacific island nation enthusiastic about adopting blockchain technology, officially amended its Non-Profit Entities Act to recognize decentralized autonomous organizations (DAOs) as legal entities. The amendment has enabled crypto transaction infrastructure platform Shipyard Software to register the country's first DAO, Admiralty LLC. According to World Bank data, the Marshall Islands is an independent island nation located in the Pacific near the equator, with a population of approximately 59,000 as of 2019. Since 2018, the nation has been actively exploring use cases for digital assets.
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