pull down to refresh

Argentina is working on giving a free legal frame fron Non-Human Companies.

Come to think on ideas on Non-Human Companies working with Bitcoin?

The Argentine Senate is currently debating a bill to reform the General Corporations Law. This initiative from the Executive Branch proposes a new framework for the creation and operation of companies, incorporating entities operated exclusively by algorithms and artificial intelligence without the need for human employees. Key points of the bill include: Automated Corporations: This new legal structure is created for companies that carry out their business activities through algorithmic systems or AI, without requiring employees for their day-to-day operations. Recognition of DAOs: The bill introduces Decentralized Autonomous Organizations (DAOs), entities that operate autonomously through smart contracts and blockchain technology. Deregulation and Flexibility: It eliminates restrictive state oversight, allowing broad freedom regarding the company's business purpose and bylaws. Full Digitization: It requires the complete digitization of accounting and corporate records within two years to facilitate oversight and reduce red tape.