Minister Park Young-sun Holds Meeting with Blockchain Stakeholders to Discuss Integration with Non-Face-to-Face Sectors
Understanding and Sharing Recent Trends in the Blockchain Field and Gathering Opinions from Stakeholders and Experts
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[Asia Economy Reporter Kim Heeyoon] The Ministry of SMEs and Startups announced on the 18th that Minister Park Young-sun visited Nonce, a shared workspace located in Gangnam-gu, and held a meeting with blockchain startup representatives.
The on-site visit was arranged to understand and share recent trends in the blockchain sector. Opinions from blockchain startup representatives and experts were gathered to discuss the potential application of these insights in government policies.
The Ministry of SMEs and Startups designated Busan twice as a regulatory sandbox for blockchain, easing regulations on a regional basis rather than at the corporate level for the first time in the world. Additionally, it has supported blockchain companies in their startup and growth phases through commercialization funds, venture investments, loans, guarantees, and research and development.
During this meeting, the Ministry's efforts to revitalize blockchain were shared. Furthermore, policy measures to integrate blockchain technology with other non-face-to-face sectors for practical use in society were discussed with Nonce officials and tenants. Considering the ongoing spread of COVID-19, the event was conducted in strict compliance with quarantine guidelines.
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Minister Park Young-sun of the Ministry of SMEs and Startups stated, “In the post-COVID era where non-face-to-face interactions have expanded, blockchain technology will become even more important. I hope today's meeting serves as a starting point for the emergence of blockchain unicorn companies and the activation of blockchain regulatory sandboxes. We will continue to strive to create an ecosystem where blockchain ventures and startups can grow.”
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