According to a temporary document (OP) from the European Central Bank (ECB), if DAO wants to have a place in the future of the financial industry, it needs a comprehensive regulatory framework. The document emphasizes how technology can surpass the regulation related to DAO and negatively affect the safety and sustainable growth of the ecosystem. The paper concludes: "Before DAO is fully regulated globally, its position in the future financial industry will inevitably remain limited; they currently do not (and will not in the future) pose a serious threat to the smooth operation of financial stability, payment and securities systems, and the adequate protection of consumers."
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