South Korean President Wen Zai: It is important to develop a new regulatory approach to blockchain technology

On July 24th, South Korean President Wen said that in view of the fact that Busan City was selected as a “no-regulation zone”, it is important to develop new regulatory methods for new technologies such as blockchain. President Wen Zai added that creating practical use cases for the blockchain to protect personal data will help South Korea to have greater international influence, and the application of blockchain in the financial sector will greatly help revitalize the local area. economic.