Thomas Lee said “One of the key countries in the cryptocurrency market is Korea, and many developments are taking place in Korea market” at D.FINE, the main conference of the Korea Blockchain Week 2019 at Grand Intercontinental Seoul Parnas in Seoul on Oct. 1.
He also said “In Korea, regulatory burden has increased, the volume of trade has decreased, and ‘Kimchi Premium’ has disappeared.”
China, which is strongly regulating cryptocurrency, is also continuously strengthening its blockchain market. Jay Liang said “The value of the yuan is rising considerably in the face of a trade war between the U.S. and China, and we are looking into the cryptocurrency industry as a means of diversifying currency.”
Lasse Clausen said “For the past five years, the Chinese government has not allowed Central Bank Digital Currency(CBDC), but recently started to make digital currency.“
Steve Lee said, “In Korea, large companies such as SK, Samsung, and Hanwha are participating in Blockchain industry, and in China, the central bank is making cryptocurrency,” and he predicted “This will soon lower barriers that allow the public to access cryptocurrency.”
However, Thomas Lee said “that one of the important concepts about money should be a means of buying and selling goods. Though the table coin is interesting, I think it can be used as a means of investment as a basic asset rather than as a means of purchasing goods.”