The Legal Dilemmas and Thoughts of Web3 Practitioners

In today's Internet era, the Web3 field attracts many practitioners with its high salaries and flexible working methods. However, the legal risks that come with it also worry many people. This article will explore the legal dilemmas faced by Web3 practitioners and how to properly view these issues.

The Attraction and Concerns of Web3 Work

Web3-related job positions often offer higher salary levels and mostly adopt remote working models, providing employees with an ideal working environment. However, some domestic policies, such as the 94 announcement and the 924 notice, have caused many practitioners to doubt the legality of their work. This has led some people to be very secretive about their profession in public, creating a state of "heavy stealing sense."

Legal Regulations and Real-World Dilemmas

Many Web3 practitioners are confused about why certain behaviors may still be considered criminal without clear legal provisions. This confusion stems from a misunderstanding of the characteristics of law. The law has stability, but this also leads to a lag in addressing emerging social issues. Taking the NFT digital collectibles industry as an example, although there are still no clear legal regulations, there have already been multiple related criminal cases.

Assessment of Legal Risks

To determine whether an act constitutes a crime, the key lies in looking at the essence through the phenomenon. Taking the perpetual contract business of a certain exchange being classified as a crime of operating a casino as an example, the court's judgment is based not only on the business itself but also, more importantly, on its specific operational model. This indicates that when assessing legal risks, each issue must be analyzed specifically and cannot be generalized.

Rationally Viewing Legal Risks

Web3 practitioners should not adopt an ostrich mentality when facing legal risks. When consulting a lawyer, the focus should be on understanding the legal risk boundaries of one's own actions, as well as the scope and extent of judicial practices in enforcement. By gaining a deeper understanding, one can make better decisions.

Conclusion

Certain businesses in the Web3 field are indeed considered sensitive in the domestic market. This article aims to clarify that some related businesses may exist in a legal gray area. Everyone's risk tolerance is different; the key is to make the most beneficial decisions for oneself after fully understanding the potential risks, thereby avoiding possible regrets and remorse in the future.