The Role of Web3 Companies in Developing Global Crypto Policies

It is no secret that over the past decade or more, governments worldwide have struggled to stay abreast of the developments permeating the crypto industry. This is largely because the decentralized nature of crypto tech presents a number of significant challenges — such as those pertaining to anonymity, transparency, etc — resulting in several nations adopting a highly cautious approach to the industry. For instance, in 2017, China — the second-largest economy in the world — banned initial coin offerings (ICO). This was followed by a blanket ban on digital asset trading, resulting in a significant market downturn. That said,

Source: CryptoIntelligence