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<ul><li>The EU needs to catch up in funding for web3/crypto projects, with none of the top 25 crypto VCs based in the region.</li><li>The lack of VCs has raised concerns about the EU&#96;s competitiveness in the crypto industry.</li><li>Regulatory uncertainty and lack of capital are alleged as major contributing factors to the concern.</li></ul>Despite the growing interest in cryptocurrency and<a href="https://coinedition.com/what-is-blockchain-everything-you-need-to-know/" rel="noopener noreferrer nofollow"> blockchain technology,</a> the European Union (EU) needs to catch up in funding such projects. According to Patrick Hansen, the head of policy at <a href="https://www.circle.com/en/" rel="noopener noreferrer nofollow">Circle</a>, only some of the top 25 crypto venture capitalists (VCs) are based in the EU, which raises concerns about the region’s competitiveness in the web3/crypto industry.<a href="https://coinedition.com/eus-failure-to-attract-top-crypto-vcs-a-cause-for-concern/" rel="noopener noreferrer nofollow">See the Original CoinEdition</a>

EU’s Failure to Attract Top Crypto VCs: A Cause for Concern

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