The cryptocurrency sector is experiencing a boom in media interest and small investors, something that makes it necessary for there to be clear information about everything related to its regulation. For this, a few days ago the event was held, “WEB3 & Regulation Forum”.
The day was organized by ATREVIA, the Digital Alliance Foundation and TPNET who managed to bring together experts from the Web3 ecosystem, specialized in the financial, legal and regulatory fields. So we were able to hear Roman Bethlehem, director of Banco Santander and Diego Villafanez, State economist and expert advisor on crypto assets and CDBC’s at the Ministry of Economy. In addition, David Cierco, Executive Director of Fundación Alianza Digital 2030 and Director of ATREVIA Global Web3 & Tech, and with Ferran Claver, CEO & co-founder of W3volution Media Group, who moderated the discussion.
The event began with a presentation by Ferrán Claver about the platform, W3volution Media Group, a startup born from the desire to add value to Web 3.0. It is a platform promoted by several promoters, individuals and actors from the business world, including professionals from specialized media and ATREVIA’s new Venture Capital division. This was followed by a few words from the expert in finance and technological transition, David Cierco, who highlighted the need for a platform like W3volution for a global adoption of WEB3.0.
The colloquium began by raising a series of myths that surround blockchain technology, which Belén Romana has well pointed out: decentralization, immutability and automation.
“Blockchain is a technology that is born from an ideology, and that greatly determines the approach to it. Technologies are usually neutral in origin although sometimes its impact generates ideology. In the case of the blockchain, this process occurs in reverse, it has an ideological origin that leads to the appearance of myths […]. It is a technology that has many uses, what cannot be is that you want to apply it to anything”, has indicated.
Taking these issues to the field of regulation, Diego Villafáñez has referenced the trilemma that the developer of Ethereum raised, and which maintains that protocols cannot enjoy full security, scalability and decentralization at the same time. In this way, most of theblockchain they decide to sacrifice decentralization for the other features. Likewise, this topic has been one of the great debates in the MiCA negotiations, since, if the decentralization of the protocols were absolute, their regulation would be difficult to apply.
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