CryptoQuant CEO Ki Young Ju yesterday called on the government to strengthen supervision in the Currencies can "thrive responsibly" while reducing fraud and building trust, but his comments did not go down well with the community.
He pointed out that supervision can help solve the reputation problem in the industry, especially since the current Web3 industry, like other financial fields, is full of various scams and illegal activities. However, he emphasized that Web3 provides "borderless cooperation", which is different from traditional The way the company operates may involve millions of people in the future. Although this field is plagued by fraud like other financial fields, "smart supervision" will be the key to the long-term growth of the industry. He believes the government will eventually formulate relevant regulations, but the timing is uncertain.
However, some people in the community pointed out that regulation will limit the huge potential profits of cryptocurrency, and some people believe that the centralization of regulation may lead to monopoly and inhibit competition, just like the current cryptocurrency exchange ecosystem. Most voices still believe that the market should Self-regulation allows the free market mechanism to develop freely, rather than relying entirely on government regulation. The decentralized Web3 should not be subject to regulation, but the participants should take responsibility for managing assets themselves.
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〈MICA Daily｜CryptoQuant calls on the government to adopt appropriate supervision of the Web3 industry〉This article was first published in "Blocker".