The discussion focused on regulation and tax compliance in the evolving Web 3 and cryptocurrency space. Experts highlighted ongoing challenges such as unclear tax rules, aggressive regulatory actions, and jurisdictional conflicts, especially in the US. They emphasized the global nature of Web 3, the need for diverse regulatory input, and urged users to maintain accurate tax reporting. The panelists agreed that balanced, pragmatic regulation is essential to foster innovation while protecting users, and suggested retirement accounts as a way to mitigate tax complexities. They also called for regulators to prioritize real bad actors, adapt to decentralized technologies, and consider new accounting standards like a Bitcoin standard. Overall, the conversation emphasized collaboration between innovators and regulators to create a clear, fair framework that supports growth without stifling creativity.
