The Inevitability Of Regulations In Web3

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Regulating or banning crypto is an 'extremely difficult task' for the state, says Andrew Keen. Keen: Governments have every incentive to regulate it. The success of decentralized finance is directly linked to the death of traditional finance and central banks, Keen writes. The European Union has shown great interest in creating a holistic regulatory framework for crypto exchanges, Keen says. The crypto economy is essentially a shadow financial system that seeks to subvert the old order, he says. Keen says. It is not a good or service that can be easily regulated.