Irina Heaver, a crypto lawyer based in the Middle East, authored the following guest post.
2022 was an eventful year for the Web3 Founders, crypto lawyers, and Financial Regulators. The industry witnessed multiple bankruptcies and allegations of fraud that would make Madoff look like an angel. Some of the highest-profile influencers and sports stars were pursued by Regulators for illegal promotions of tokens. A developer of an open software code was jailed, and a DAO sued.
I have been practicing law for 20 years, and this was way too much regulatory action in one year if you ask me.
However, a few things are now certain. The Regulators will come after Web3 and crypto projects with a vengeance, and the days of hiding out in offshore jurisdictions happily avoiding them are well and truly over.
Smart Founders, with a long-term view, now realize that to raise funds from Tier1 Funds and to openly onboard users, their projects must meet certain regulatory requirements to the extent currently
We współpracy z: https://cryptoslate.com/op-ed-the-web3-regulatory-landscape-in-the-uae/
