The proposed law plan will resolve concerns in crypto custody, taxes, and DAO functions to safeguard consumers from fraudulent players in the sector. Senator Andrew Bragg, an Australian Liberal, started the Australia Blockchain Week conference with a surprising legislative proposal that he thinks would pave the way for a new Digital Asset ecosystem in Australia.The Digital Services Act (DSA) legislation plan proposes changes to crypto market licensing, custody, decentralized autonomous organizations (DAOs), debanking, and taxation. Senator Bragg stated during the conference that he believes the Act’s laws to „protect (crypto) consumers against malicious operators.”Senator Bragg highlighted the DSA’s four key pillars of guidance. He stated that the DSA would be technology agnostic, operate within wide and dynamic principles, be governed by a Minister instead of a bureaucratic entity, and employ government resources and staff. According to him, such instructions will assist Australia to
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