ChainCatcher news, according to Decrypt, most meme coins in 2024 are driven by community takeovers, with hundreds of millions of dollars projects like Billy and Gigachad being taken over by early investors after developers exited, pushing their development forward.Legal experts warn that community takeover teams may face legal risks such as misleading marketing, fraudulent trading practices, and even criminal false statements. Charlyn Ho, founder of Rikka Law, stated that teams need to clarify project goals and avoid false advertising, or they may face legal liabilities.Bitget's Chief Legal Officer Hon Ng added that if founders engage in illegal activities, they will still be held legally accountable. However, lawyer Jacob Martin believes that the speculative nature of meme coins makes legal enforcement in this area less likely.

ChainCatcher news, according to the Korea Economic Daily, SK Telecom's Executive Vice President Oh Sae-hyun predicted during the UDC 2023 keynote speech that if legal risks such as the FTX scandal are resolved, the virtual asset market, including Bitcoin, will see significant growth.In addition, she predicted that 70% of new value creation in the next 10 years will be based on digital platform businesses, and infrastructures like Web3 are crucial for supporting this growth. Web3 plays a very important role in supporting the development of such businesses as it provides trust-based infrastructure. Therefore, the development of Web3 technology will play a key role in shaping the digital economy.

ChainCatcher news, the Indian government is launching a cryptocurrency awareness campaign, which will be led by the Investor Protection and Education Fund Authority controlled by the Ministry of Corporate Affairs. The aim is to educate investors about the legality of cryptocurrency in the country while highlighting the risks of investing in crypto assets.It is reported that an Indian government official stated, "The campaign will emphasize that cryptocurrency is illegal in India and that such assets carry significant risks. Any investment that promises substantial and guaranteed returns carries high-risk factors." (source link)