Why Web3 Facing Regulatory Hurdles in Certain Jurisdictions

Web 3.0 technologies, including blockchain and decentralized applications, represent a novel paradigm that regulatory bodies may not fully understand. The lack of understanding can lead to cautious or restrictive regulatory approaches.The decentralized nature of many Web 3.0 technologies can be exploited for illicit activities such as money laundering, fraud, and tax evasion.... source: https://www.coingabbar.com/en/crypto-currency-news/web3-is-facing-regulatory-challenges-in-africa