CryptoQuant CEO Ki Young Ju has emphasized that regulation is key to the long-term development of Web3 and cryptocurrencies.

In an X post on September 29, Ju argued that a regulatory framework is necessary to reduce scams and build trust, arguing that crypto and Web3 can “evolve responsibly.”

Ju’s comments have sparked debate in the crypto community. While some support his views, others have expressed concerns about the potential impact of regulatory oversight.

Web3’s potential and the need for oversight

Ju noted that Web3 provides “unlimited collaboration” and operates more like a protocol than a company. However, he emphasized that the industry’s reputation, which has been tarnished by scams, requires “smart regulation.”

Mixed reactions from the crypto community

The community has had mixed reactions to Ju’s views on the need for regulatory oversight. While some support regulation, others see it as a threat.

Centralization of regulation

In response to Ju’s post, concerns were raised that regulation could become centralized and stifle competition. Some users argued that markets could become “self-regulating.”

What do you think? Share your thoughts in the comments.