COINOTAG news reported on September 29 that CryptoQuant’s founder, Ki Young Ju, recently stated on the X platform that with proper regulation, cryptocurrencies and Web3 technologies are viable and legitimate. Ju emphasized that Web3, with its tokenized incentives, operates more like a “protocol” rather than a “company,” fostering borderless collaboration. He stressed that while fraudulent activities exist in the Web3 space, the substantial potential of blockchain technology should be recognized and not overshadowed by these issues. Ju urged the development of intelligent regulations to transform Web3 into a reliable and stable ecosystem. He also highlighted the importance of political focus on cryptocurrencies to advance regulatory measures effectively.

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