ZUG, Switzerland–(BUSINESS WIRE)–#discussions–The Web3 Foundation, best known for its leading project, Polkadot, unveiled a new initiative to encourage roundtable dialogues with regulators worldwide. The first of such meetings was conducted in Tokyo, Japan, on July 25th, and brought together individuals from regulatory bodies, government institutions, and industry stakeholders. The Foundation’s representatives included CEO Bertrand Perez, Bjorn Wagner, the CEO of Parity Technologies, a leading contributor to the Polkadot network and Yusuke Obinata, a council member of the Foundation.
In the context of the swift adoption of blockchain technology and regulatory evolution, the Foundation emphasises the importance of taking a proactive stance in initiating meaningful conversations with policymakers around the globe.
Established in 2017 by Dr. Gavin Wood, co-founder of Ethereum and Founder of Polkadot, the Foundation is headquartered in Zug, Switzerland, commonly known as ‘Crypto Valley.’ Being situated in a region known for its supportive regulatory and taxation policies towards the Web3 ecosystem, the Foundation has gained valuable insights. It aspires to disseminate these positive experiences from Zug and foster the adoption of similar pro-Web3 regulations around the globe.