South Korean presidential candidate: Will follow the US government's example and significantly relax regulations on blockchain and virtual assets
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Planet Daily News: South Korean presidential candidate Hong Jun-pyo stated at a press conference in Yeouido campaign office on the 16th that he will emulate the Trump administration's significant regulatory relaxation, promote blockchain and virtual assets as an independent industry, and introduce blockchain technology into public sectors and administrative services. Hong Jun-pyo emphasized that the virtual asset industry will become a new growth point for the Korean economy. He also proposed a "no-threshold new industry" system, allowing new technologies and businesses to enter the market without prior government approval, which is expected to provide a more relaxed innovation environment for blockchain startups. Additionally, he plans to abolish the 52-hour work week restrictions in cutting-edge industries to provide more flexible labor support for technology R&D fields such as blockchain.
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