The Great Wave of Crypto Regulation: Web3 to embrace fundamental positive changes in 2023!

Astra Protocol
3 min readFeb 28, 2023

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It’s finally being recognized that consumer protection is the key to achieving mass adoption.

Consequently, crypto regulations dominated global discussions last year. Various nations are already showing interest in rolling out the most suitable rules for crypto that significantly improve the growth of the Web3 industry.

The MENA region has already released several laws legalizing crypto usage. Meanwhile, the process of finalizing crypto regulation is speeding up in the EU, UK, and across Asia, with several positive developments expected soon, including:

  • Clarity around the legal status of cryptocurrencies
  • Standardized regulations applicable across borders
  • Emphasis on consumer protection
  • Anti-money laundering and Know Your Customer regulations
  • Taxation on cryptocurrency gains
  • Exchange and DeFi regulations designed to safeguard users

Astra is making headlines for pioneering the era of consumer protection in Web3 with its suite of solutions for the decentralized economy.

Astra’s Safety Revolution in Web3

As Web3 becomes the next generation of the internet, focus on user privacy and control is surfacing. The 2022 scams and hacks have also demonstrated the critical need for a meticulously designed solution that can be integrated into the space effortlessly. Our technology ensures safe DeFi operations, user security, and legit activity, all while maintaining anonymity and open and free markets. While Web3 has yet to attain such a solution, Astra is here with all this industry needs — KYC for Web3!

Astra offers a unique decentralized compliance technology that includes KYC/KYB and Enhanced Vetting, Anti-Money Laundering capabilities, and Reporting solutions for the Web3 economy. Astra’s compliance solution also has a Decentralized Legal Network (DLN) of regulatory experts offering on-chain KYC audit services. Astra aims to drive Web3 adoption by providing AML and KYC screening to eliminate existing risks.

Astra is vital for the future of digital assets and is leading the way in creating a safer and more regulated Web3 ecosystem without compromising decentralization and anonymity. Its compliance technology is globally patented and can enhance consumer protection for the entire Web3 industry.

As Astra’s work with legal firms continues, so does its Advisory Board expansion with the addition of Lord McNicol, a member of the House of Lords (UK Parliament). This growth will further help Astra seamlessly navigate the ever-evolving crypto industry.

To strengthen its mission and contribute to user security in Web3, Astra has also formed valuable partnerships with renowned names like KPMG and other big firms. Significant collaborations will be announced soon, solidifying the company’s commitment to making Web3 safe. Keep an eye out on Astra’s socials for all the latest news and updates!

Astra: KYC for Web3

Astra’s mission is to provide a range of regulatory compliance tools for crypto applications, ensuring that financial compliance standards can be met across the Web3 industry.

Join Astra on: Telegram group | Announcements | Twitter | Website | Medium

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Astra Protocol

Our cutting-edge platform specializes in AML, KYC, and KYB services, extending across a broad spectrum of online domains.