South Korea and China to Invest in Blockchain Technology

Kim Dong-Yeon, the Minister of Finance of South Korea, shared his opinion regarding blockchain technology during the economic event in China
05 February 2018   355

South Korea's government does not plan to prohibit cryptocurrency trading, it intends to regulate and control it as blockchain is an important technology for its economy.

Kim Dong-Yeon, the Minister of Finance of South Korea had a meeting with the People’s Bank of China’s governor. They talked about a potential partnership between China and South Korea.

During his visit he stated that blockchain technology is an important breakthrough, that is why the ministry will take a cautious approach in regulating the cryptocurrency trading. In order to avoid the negative use of cryptocurrencies, the ministry will impose strict regulations.

According to Mr. Yeon, investing in blockchain technology will bring benefits to the economies of the countries.

Mr. Yeon visited the advanced technology hub, called Zhongguancun, based in Beijing. He also stated that he plans to invest in a blockchain platform developed in Seoul. The “second Techno Valley” will encourage around 1,400 startups to work side by side with the South Korean government.

In his opinion, the future plans seem to be promising for both economies, because both countries are focused on developing their economies through innovation.

This news is great for both investors and users because the result of the collaboration of two powerful countries should be amazing.

Consensus 2018 summit to be held in New York City

4th annual blockchain technology summit - Consensus 2018, will take place in New York City on May 14-16
22 April 2018   41

CoinDesk has announced its 4th annual blockchain technology summit Consensus 2018 on May 14-16 at the New York Hilton Midtown. Along with the discussions on the blockchain technology, the event is going to feature a hackathon, PoW pitch competition and a scholarship award in a partnership with Zcash. Title sponsors of the event include bloq, Deloitte, Ledger, Octagon Strategy and SONM.

Consensus 2018 will feature 250+ speakers and 4,000+ attendees from the leading industry startups, investors, financial institutions, enterprise tech leaders, and academic and policy groups who are building the foundations of the blockchain and digital currency economy. Among the notable speakers there will be Blockstack co-founder Dr. Muneeb Ali, J.P.Morgan blockchain program lead Amber Baldet, eToro CEO and founder Yoni Assia, Hyperledger executive director Brian Behlendorf, ConsenSys founder Steve Cerveny, Athena Capital founder Meltem Demirors and many others.

The full 3-day agenda of the event can be found here.