Hu Jianing, President of Huobi University and Vice Chairman of the Blockchain Committee of the China Communications Industry Association, said that the United States, Japan, Singapore and other countries have implemented relevant legislation on the blockchain, but no country has established maturity in this regard. Regulatory system. Legislation and regulation will be an important point of competition for countries in the era of digital finance. Facing immature blockchain projects, regulators must first gradually incorporate digital finance into the legal system and start the legislative process as soon as possible; second, they must use scientific and technological supervision to implement "rule by chain"; third, they must strengthen blockchain technology Education and publicity in order to improve the discrimination ability of users and investors; fourth, we must strengthen guidance in the application. It is necessary to create a suitable development environment for a good project, so that teams with technical strength and application level can accelerate the implementation of blockchain technology-related applications, and then use the spillover effect to eliminate projects containing moisture, so that scammers have no place to stand. .