So what roughly would you regulate about "software (and hardware) development"?
FYI this project (and basically every cryptocurrency project) already falls under some kind of financial regulation in most jurisdictions.
FYI this project (and basically every cryptocurrency project) already falls under some kind of financial regulation in most jurisdictions.
Similar to tax and accounting regulations, as you grow these regulations grow, too. For example you might need to provide risks and threats analyses for your technology.
You're liable to provide this information to the best of your ability given context (e.g., they wouldn't require a 30 page risk analysis from a indie hacker who has 20 users). If it turns out that you provided false information delibrately, or acted in bad faith, there are consequences like fines, bans, and so on.
Of course, based on your technology the government can prohbit you from bringing it to market, add constraints or require more info.
I think the idea is terrible. You want laws to be prescribed and debated, not allow some administrators to make shit up on the spot.