ASIC sees challenges in regulating decentralised autonomous organisations

The Australian Securities and Investments Commission (ASIC) is facing challenges related to the supervision of entities implementing innovative business models. This becomes clear from a speech delivered today by ASIC Chair Joe Longo at the AFR Super & Wealth Summit.

Mr Longo commented on decentralised autonomous organisations (or DAOs, being a whole new form of collective enterprise). ASIC is now trying to determine what exactly DAOs are and how they can be regulated.

DAOs are organisations governed by artificial intelligence in the form of smart contracts, using blockchain technology, to record transactions with and between their members and third parties. No boards of directors or employees in sight, and the rules of engagement are encoded in smart contracts.

DAOs work on the basis that the ‘rule of code’ replaces the ‘rule of law’. The modern corporation, with its limited liability and boards of directors, all of whom are now required to apply for lifelong, unique director IDs, seems a world away from this virtual community.

ASIC is concerned that, in the case of DAOs, it is not clear who is accountable if things go wrong, or don’t go as intended or anticipated. Nor is it clear how a DAO itself can be held accountable in a court of law.

The policy challenge for traditional forms and methods of regulation is readily apparent. Legal analysis of how DAOs work is at an early stage, with many unanswered questions, such as what is the nature of a member’s interest in a DAO? Is it like a share in a company or a unit in a managed investment fund?

ASIC is working closely with Treasury to assist in answering these questions.

Posted on

7 Replies to “ASIC sees challenges in regulating decentralised autonomous organisations”

  4. Natürlich bieten wir auch Zugang zu dem Live Casino, in dem Sie mit
    erfahrenen Dealern in Echtzeit im Livestream Roulette, Poker, Baccarat und
    vieles mehr spielen können. Suchen Sie sich einfach einen unserer tausenden Slots aus und spielen Sie
    los! Wir bieten Ihnen ein responsives Online Casino, in dem
    Sie auch unterwegs spielen können.
    Ihnen steht ein virtuelles Guthaben zur Verfügung und Sie können den Wettbetrag bei Ihrem bevorzugten Tischspiel wählen. Wer nach einem vertrauenswürdigen Partner für Echtgeldspiele sucht, findet
    im Casino XonBet die perfekte Lösung. Insgesamt sind bis zu
    550% Bonus und 100 Freispiele verfügbar. Seit der Gründung
    im Jahr 2024 hat sich das Casino XonBet als zuverlässige Adresse für Echtgeldspiele etabliert.
    Als moderner Casinobetreiber bietet 20Bet alle beliebten Zahlungsmethoden auf einer Website an. Sie können auch tägliche Freispiele verwenden, um Walzen zu drehen, ohne Ihr echtes
    Geld auszugeben.
    Der Code ermöglicht Ihnen beispielsweise, bei der Einzahlung einen Bonus freizuschalten. Die
    Mr Bet Casino Bonus Codes können Sie in Ihren E-Mails
    oder während spezieller Aktionen erhalten.
    Außerdem spielt es eine Rolle, ob Sie Ihr Spielerkonto verifizieren müssen.

  5. Just open the site on your phone or tablet,
    log in, and start playing instantly. Zoome Casino is fully optimised
    for mobile browsers on both Android and iOS. Yes, Zoome Casino is fully licensed under the Curacao eGaming
    Authority, which means it operates under strict international gaming
    laws. While winning is always exciting, losing
    is part of the game. What I like about Zoome is how easy it is to jump in and start playing — even on my phone, everything runs great.

    Games load quickly, bonuses are clear, and the cashout system is built for speed.

    It’s owned by Dama N.V., a group behind dozens of successful online casinos.
    It’s a legit platform with a Curacao licence and built-in tools for safer play.

    If a Zoome Casino promotion needs a code, you just enter
    it while making your deposit. Your details and payments are protected, and extra safeguards like account verification and two-factor authentication are available.
    Yes, Zoome Casino is fully licensed and uses the same encryption technology as online banking.
    Crypto and e-wallet cashouts often land the same day once your account is verified.

    It’s worth staying active and checking your inbox if
    you’re chasing this type of bonus. All in all, Zoome Casino is safe, legit,
    and a strong choice for anyone looking for reliable real money gaming.

    References:
    https://blackcoin.co/10-minimum-deposit-casino-bonuses-in-australia-2025-guide/

Leave a Reply

Your email address will not be published. Required fields are marked *