Regulators in countries including South Korea and China have come down hard on cryptocurrencies in recent months, but excessive regulation may prevent us from enjoying the advantages they bring. Photographer: Bloomberg

Regulation is welcome, but don’t block blockchain entirely

Kai-Lung Hui says recent stern actions by China and South Korea are understandable – the threat of criminal activity or bubbles means blockchain needs the hand of regulators. Along the way, though, we should not forget blockchain’s advantages, and the problems it is uniquely able to solve

Topic |   Blockchain

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Regulators in countries including South Korea and China have come down hard on cryptocurrencies in recent months, but excessive regulation may prevent us from enjoying the advantages they bring. Photographer: Bloomberg
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Kai-Lung Hui

Kai-Lung Hui

Kai-Lung Hui is a chair professor in the Department of Information Systems, Business Statistics, and Operations Management at the HKUST Business School. His academic interests include information privacy and security, IT policy, fintech, and electronic commerce.