Crypto And Web3 Can Thrive With Proper Regulation, Says Expert

According to Odaily, CryptoQuant founder Ki Young Ju recently stated on X that cryptocurrencies and Web3 are not scams if properly regulated. He emphasized that Web3 enables borderless collaboration and value creation through token-based incentives, functioning more like protocols than companies. This represents a revolutionary shift in human cooperation. While multinational corporations like Google employ hundreds of thousands, Web3 protocols could potentially involve millions in the future. Although scams exist in any financial sector, this should not overshadow the immense potential of blockchain technology. With intelligent regulation, Web3 can evolve into a stable and trustworthy space. With the right rules, crypto and Web3 can responsibly flourish. Eventually, governments will make this happen. The question remains: how long will it take? This is why Ki Young Ju prefers politicians interested in cryptocurrencies, even if some of their views are extreme. Without interest, nothing progresses, and regulation won't develop. This is the current situation in South Korea. He hopes politicians will openly discuss cryptocurrencies to drive progress.