Israeli scholars: regulators should focus on behaviors that affect the public when it comes to emerging industries such as blockchain

According to Cointelegraph, a new paper published by two Israeli scholars, Hada Jabotinsky and Nassim Cohen, on the University of Oxford Law School blog on February 21, states that regulators should focus on impacting the public when it comes to emerging industries such as blockchain Behavior, not "iron fist" rule. The article mentioned that inadequate regulation will make consumers vulnerable to free competition, and severe bans will also suppress technological progress. Complex new technologies, such as blockchain, cryptocurrencies, the Internet of Things, and automated cars, require a higher level of technical literacy, and regulators can alert the public to the specific risks involved in new products.