Australia, an anti-privacy bill is threatening the blockchain

There is a battle going on in Australia for the citizens’ right to privacy. The Australian government has proposed a bill which, if passed, will give the Australian government backdoor access to encrypted messages for the purpose of surveillance. Luke Fitzpatrick on Forbes explains that, if it’s successful, the United States and Europe could follow suit in adopting similar regulations.
If the bill is passed, Australian citizens could very well lose their online privacy. Not only does this have significant implications for the global blockchain community but for investors as well.
Blockchain and DApps are inseparable (decentralized apps rely on blockchain technology and vice versa), but if the Australian bill comes to pass, the very existence of decentralized apps — and the principles for which they stand for may be jeopardized.