Deng Jianpeng: The "gaseous" trend of the blockchain challenges the government's ability to supervise, and the rule of law requires great wisdom

Recently, Deng Jianpeng, a professor at the Law School of Central University of Finance and Economics, wrote that the "gaseous" trend of blockchain challenges the government's ability to supervise. This disruptive innovation has impacted existing rules and market order, and intensified international competition and challenges. In this regard, we should abandon the highly volatile policies and sports enforcement, and consider introducing a regulatory sandbox mechanism to help regulators play a constructive role in innovative supervision; focus on the leading and promoting role of scientific legislation in blockchain supervision and governance ; Focus on top-level design and industry self-discipline; strictly enforce the spirit of the rule of law, and make supervision and risk treatment legal.