Bertrand Perez is the chief operating officer at the Web3 Foundation. He said that regulation in crypto was needed as long as there’s room for innovation.

Speak to Cointelegraph during the Paris Blockchain WeekPerez stated Wednesday that he had identified a number of areas where regulation is needed, such as a recent. Draft bill from the European ParliamentOn non-custodial wallets, but all industry professionals are working to educate policymakers about Web3. According to the Web3 Foundation chief operations officer, some lawmakers are still making decisions “too fast or without having education” on the space. The Facebook-backed Libra project, which was launched in 2019, may have provided the spark many EU members needed to recognize the urgent need to develop a regulatory framework.