Understanding What is Happening in Asian Crypto Markets with Seonik Jeon, Founder of FactBlock and Korea Blockchain Week
Hosting a blockchain event was a natural fit for what I envisioned for several reasons. First, I was fascinated with blockchain technology and became a true believer the more I studied it. Second, the blockchain market really took off in Korea in 2017, attracting significant retail and institutional participation and interest. And lastly, being that Korea is a hub for technology and innovation, I foresaw a favourable environment for blockchain adoption and innovation in the country.
Seonik Jeon: For five years, Korea Blockchain has provided a key platform for entrepreneurs, developers, and industry leaders to showcase solutions, innovations, and applications worldwide. Korea has always been an ideal place for such a platform due to the country’s innovative, progressive mindset and acceptance of new concepts and technologies. I believe people worldwide now recognize that Korea is a crucial market within the global landscape and offers great opportunities.
Seonik Jeon: Given how quickly the blockchain market has expanded, even with the lack of regulations, I believe it will be challenging for the Korean government to enact regulations. I am aware that government representatives are frequently debating how to use regulatory monitoring to help stabilize the market and protect investors. These include regulatory measures around exchanges, custodian wallet providers and stablecoins.
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