because of regulatory suspicion on crypto, the United States may lose 3 million web developer Careers over the next Seven years, Coinbase writes in that it new a report.
A report issued by Electric Capital stated that the ratio is in the United States of global web 3 developers decreased from 40% to 29% over the past six years. The United States loses the average of about 2% of its percentage of web 3 developers annually. There are no signs that this trend will slow down.
Coinbase mentioned that the percentage of web 3 developers Declined mainly due to uncertainty and the United States regulatory system Emphasis on enforcement over- systems.
This indicates that high-quality, well-paying jobs are moving from the United States to places that offer better conditions for Innovation, such as fair organization or dedication to technical leadership.
Coinbase stated that it was focused on international markets. several of These are going forward with plans to become coding centers. chose to become public a company in The United States because she thought the United States would be best Served by adopting this basic hack.
exchange added It wants the United States to do the same strategy. State adoption on Enforcement-based regulations have the opposite effect on exchange and slowdown down the growth of Cryptocurrency industry.
last countries to overtake the United States as a crypto hub
As the oldest and most important center for web 3 software developmentthe United States enjoyed an early advantage in Affect the future of web3 and global financial system.
However, while other countries fill the gap created by the United States with regulatory obscurity, country currently losing market share to the regions like Europe and Asia. they have more open legal frameworks and more Open to coding innovation. The same thing happens in developing regions like Latin America, India and Africa.
For example, Hong Kong announced will become centered for web3 comp and digital assets last year. as part of this effort government newly set up subsidized by the state round Table between potential crypto companies and bankers help Crypto companies get banking partners.
direction that challenges Not only the influence of the United States over the growth of the global financial system but also supremacy of the United States in financing and technology Adopt and adopt cryptographic innovations by other countries.
