{"id":138180,"date":"2024-09-30T11:00:01","date_gmt":"2024-09-30T08:00:01","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=138180"},"modified":"2024-09-30T00:56:27","modified_gmt":"2024-09-29T21:56:27","slug":"cryptoquant-ceo-calls-for-regulation-to-drive-web3-growth","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/cryptoquant-ceo-calls-for-regulation-to-drive-web3-growth\/","title":{"rendered":"CryptoQuant CEO Calls for Regulation to Drive Web3 Growth"},"content":{"rendered":"<p>In a <strong><a href=\"https:\/\/x.com\/ki_young_ju\/status\/1840318994693394812\" rel=\"nofollow\">post<\/a> <\/strong>on Sept. 29, he argued that with proper regulatory frameworks, the industry could flourish while reducing scams and fostering trust.<\/p>\n<p>Ju\u2019s statement sparked a discussion within the crypto community, with some supporting his call for regulation while others voiced concerns about potential overreach.<\/p>\n<p>Ju highlighted that Web3 promotes \u201cborderless collaboration\u201d and operates more like a protocol than a traditional corporation, potentially involving millions of participants in the future. However, he noted that the industry\u2019s image is often tarnished by fraud and suggested that \u201csmart regulation\u201d is needed to support sustainable development. He expressed optimism that governments would eventually enforce the necessary rules but questioned the timeline.<\/p>\n<p><div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1\">Read More:<\/h5>\n    <a class=\"article row post-138134\" href=\"https:\/\/cryptodnes.bg\/en\/bitcoin-should-be-treated-like-gold-and-oil-according-to-this-billionaire\/\" title=\"Bitcoin Should Be Treated Like Gold and Oil, According to This Billionaire\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/bitcoin-predictions-1-240x170.jpeg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Bitcoin Should Be Treated Like Gold and Oil, According to This Billionaire<\/h4>\n        <\/div>\n    <\/a>\n<\/div>\n<\/p>\n<p>Reactions to Ju\u2019s remarks were mixed. While some agreed that regulation could lead to more responsible growth, others were worried about its potential impact on the industry\u2019s profits and autonomy. One user claimed that regulation could limit the lucrative opportunities in crypto, while another raised concerns about giving regulators too much control, sarcastically suggesting that the community should just \u201cplay it safe and let others decide what\u2019s best.\u201d<\/p>\n<p>Some in the community expressed unease about centralized regulation, fearing it could lead to monopolies and stifle competition. A user noted that human fallibility could open the door to corruption, advocating instead for market-driven self-regulation.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ki Young Ju, CEO of CryptoQuant, emphasized the importance of regulation for the future growth of Web3 and the cryptocurrency space.<\/p>\n","protected":false},"author":9,"featured_media":45981,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[22,25],"tags":[424,384],"coin_category":[],"class_list":["post-138180","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","category-regulations","tag-crypto","tag-optimism"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>CryptoQuant CEO Calls for Regulation to Drive Web3 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