zkSNACKs Cuts Off US Access to Wasabi Wallet Amid Regulatory Concerns

Second, it might impact the initial design of new Web3 technologies. Developers may place a higher priority on regulatory compliance than on user privacy and decentralisation. According to Experts at Bitcoin Decode , this change may inhibit innovation in some Web3 domains, especially those aiming at improving user privacy and data sovereignty.

Furthermore, the policy change regarding zkSNACKs may encourage the Web3 community to create more robust legal and regulatory frameworks. As projects adjust to comply with national rules, this may lead to increasing centralisation inside the projects. Still, it may also help to acquire broader support among regulators and mainstream users