DAOs Make This Australian Senator Edgy, Calls Them ‘Existential Threat’ To Ta...
Decentralized autonomous organizations, or DAOs, make some people uncomfortable. Especially this Australian lawmaker. Australian Senator Andrew Bragg kicked off the Australia Blockchain Week (ABW) conference with a no holds barred legislative proposal that he hopes would lay the foundation for DAOs and Australia’s new digital asset economy. The Liberal Party member announced a comprehensive piece […]
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Certain laws need to be passed before DAOs can be properly regulated, which the Australian government aims to achieve. Lawmakers in Australia want to regulate decentralized autonomous organizations (DAOs). In this three-part series, Oleksii Konashevych discusses the risks of stifling the emerging phenomenon of DAOs and possible solutions.On March 21, 2022, during Blockchain Week Australia, Australian Senator Andrew Bragg made a few interesting statements, one of which was about the intention of lawmakers to introduce regulations for decentralized autonomous organizations.Per se, it is not....
The new legislative package will address issues in crypto custody, taxation, and DAO operations in order to protect consumers against bad actors in the space. Australian Liberal Senator Andrew Bragg opened the Australia Blockchain Week conference with a bombshell legislative proposal that he hopes will lay the groundwork for a new Digital Asset ecosystem down under.The proposed Digital Services Act (DSA) legislative package calls for reforms in crypto market licensing, custody, decentralized autonomous organizations (DAOs), debanking, and taxes. Senator Bragg said in his address at the....
DAOs are either a revolutionary concept set to define the virtual, leaderless organizations of the future, or a dystopian construct fraught with existential and self-destructive challenges, depending on whom you’re talking to. Over recent months, DAOs have emerged from a niche corner of the cryptocurrency space to make mainstream headlines thanks to projects like ConstitutionDAO. […]
Australian Senator Jane Hume says we need to acknowledge that cryptocurrency is not a fad, adding that there are huge opportunities in decentralized finance (defi). “We should tread cautiously, but not fearfully,” she said, emphasizing that “Australia mustn’t be left behind by fear of the unknown.”
Australian Senator Says Crypto Is Not Going Away, Sees ‘Incredible’ Opportunities in Defi
Australian Senator Jane Hume talked about cryptocurrency and decentralized finance (defi) Monday during her speech at the Australian Financial....
Australian Senator and Minister of Financial Services Jane Hume said that “cryptocurrency is not a fad. It is an asset class that will grow in importance.” She emphasized that the government won’t stand in the way of crypto investing. “We have to let people make their own decisions,” she said. Australian Government Won’s Stand in the Way of Crypto Australian lawmaker Jane Hume said on Thursday that cryptocurrencies are not a passing fad and will grow in importance as an asset class, the Financial Review reported. Her crypto comments were part of her....