TechFlow news, March 21 — Senator Andrew Bragg revealed during Australian Blockchain Week that the Australian government expects to release a digital assets taxation report by the end of 2022, which will disclose specific details regarding DAO regulation. He called for urgent regulatory oversight of decentralized autonomous organizations (DAOs) under national corporate law. Bragg stated that DAOs could replace traditional companies and therefore pose a threat to the sustainability of the tax base, as they do not pay corporate taxes, and urged regulatory action on DAOs.
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