Loic Brotons, CEO of Galeon, said that “mixing innovation and ethics is a bit complicated,” and sometimes ethical standards will follow mistakes.
, a group of professionals from the ecosystem took the Venus de Milo stage to discuss the “Ethics of Web3.”
The panel kicked off with moderator Moojan Ashghari, co-founder of Thousand Faces Web3 investment club, saying that the ethical framework or standard of technology will always lag behind the introduction of the technology. “This is the biggest challenge of ethics — what are the right questions to ask ourselves today in order to make sure that the technology doesn’t harm us in the near or far future.”
The panelists unanimously agreed that innovation typically comes before any ethical standard is implemented. Margaux Frisque, a co-founder of and legal adviser to the Women in Web3 Association, pointed to the upcoming Markets in Crypto-Assets framework in the European Union.She spoke to MiCA being “inspired by feedback from [past] operations” and will soon oblige businesses to segregate the funds of their clients from other bank accounts.
“That’s an example of good behavior that has been turned into hard law, soon to be implemented in the entire EU. It’s a good example of turning ethics into our law to protect people and innovation.”
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