Australia’s lawmakers want decentralized autonomous organisations (DAOs) to be regulated. Oleksii Konashevych, a three-parter series author discusses possible solutions and the dangers of stifling DAOs’s growth.

It is not likely that crypto anarchy would be the future most people want. Although there are many positive aspects to company regulation or, at the very least, good intentions, it often results in red tape that restricts business. However, most regulations and corporate rules are now formalized in a way that can be embedded into the machine code. Therefore, it is the job of the government to set mandatory standards that DAOs can operate on the Australian market.