Web3 organizations that expect to attract the best global talent need to be able to provide payroll to their contributors through means other than just fiat currencies. But they need to be able to do so with a very clear understanding of the regulatory landscape in which they are operating in order to avoid inadvertently entering into (or violating) regulated activities.

The Bank Secrecy Act is US legislation that requires financial institutions to provide documentation to regulators whenever their clients deal with suspicious cash transactions involving sums over $10,000 in value.

DAOs are the future of collective capacity. They represent an unprecedented ability to coordinate and organize resources and people towards a common cause. But, for DAOs to continue to scale and build at the rate required, they need to be able to provide a legal and compliant employment environment for their contributing workforce.