DAO is not yet defined in Türkiye; practical "joint stock partnership" analogy.
Structure
- Governance token holders.
- Smart contract voting.
- Multi-sig treasury.
Legal liability
- Code = contract; error + damage.
- Holder liability limited (proportionate to their shares).
- Developer / founder additional liability.
KYC
- Permissionless breach risk.
- Permissioned secure.
Frequently asked
Can DAO be registered in Türkiye?
Currently no; Offshore structures are common.
Is the founder's liability limited?Written contract + warranty disclaimer.
Who pays in case of treasury hack?
Multi-sig holders + smart contract insurance.
Relevant legislation
- Law No. 6493 — Payment and securities; KVHS compliance framework.
- 5549 SK — MASAK crypto reporting and compliance.
- BRSA 2021/30 — Ban on using crypto in payments.
- CMB Crypto Communiqué — Crypto issuances (in draft process).
- KVK + GVK — Crypto earnings taxation framework.
Legal notice: This article is for general information purposes; A meeting with a lawyer is required for a concrete case.