Crypto Quant founder: Cryptocurrency and Web3 are not scams as long as they are well regulated

Ki Young Ju, founder of CryptoQuant, wrote on X that cryptocurrencies and Web3 are not scams as long as they are well regulated. Ki Young Ju said: "Web3 enables borderless collaboration and value creation through token-based incentives, and its function is more like a protocol than a company. This marks a revolution in the way humans collaborate. While multinational companies like Google employ hundreds of thousands of people, the Web3 protocol may one day involve millions of people. Scams do exist, just like any financial field, but this should not obscure the huge potential of blockchain technology. Through smart regulation, Web3 can be transformed into a stable and trustworthy space. With the right rules, Crypto and Web3 can thrive responsibly. One day, the government will make this happen. The question is, how long will it take? This is why I prefer politicians who are interested in cryptocurrencies, even if some of their views are extreme. Without interests, nothing can be done and regulation will not develop. This is what is happening in South Korea now. I hope politicians can speak freely about cryptocurrencies to promote progress."