The reaction of different governments to blockchain as technology and cryptocurrency, in particular, vary significantly. While some embrace the technology and have given the industry a boost through supportive policies and frameworks, others, such as China, have chosen to be overly restrictive, issuing stringent warnings on ICOs, development and trading in cryptocurrencies. In China, a ban on ICOs has been effective since September 2017. On the other hand, in Hong Kong, a stone’s throw away from China, the government is proactively engaging its citizens through media campaigns aimed at providing a “correct and comprehensive understanding of ICOs and cryptocurrencies,” according…...
Sink or Swim: Governments Must Embrace Blockchain Technology
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