CryptoQuant CEO Ki Young Ju believes that regulation is crucial for the success of Web3. In a recent interview, Ju argued that without proper regulation, "bad guys" will take over and the full potential of blockchain technology will never be realized. Ju's comments come at a time when the cryptocurrency industry is facing increasing scrutiny from regulators around the world. Some critics have argued that the decentralized nature of Web3 makes it difficult to regulate, while others have called for stricter rules to protect investors. Ju believes that the key is to strike a balance between regulation and innovation. He said that regulation can help to bring quality teams to the Web3 space and ensure that projects are sustainable. However, he also warned that over-regulation can stifle innovation. "The balance is key," Ju said. "With proper regulation you can bring quality teams... If you don't have regulation you have bad guys taking over and the potential of blockchain technology will never be realized."