Data privacy As we all know, blockchain is data-driven, just like most automated processes. For example, the blockchain platform for payment will maintain a complete list of each transaction made by each participant. This raises regulatory concerns about data privacy, discrimination and exclusion. To be widely adopted, blockchain must be regarded as a trusted alternative. Trust requires clear communication and strong implementation of data privacy rules.

Financial technology supervision With the development of blockchain, more and more financial transactions take place outside the traditional financial institutions and financial supervision mechanisms, which will inevitably continue to promote the government to tighten and seek stricter regulations related to financial technology and cryptocurrency. With the deep participation of institutional investors in this field, there will be more regulatory and tax related measures. Financial science and technology regulations have just started, and governments of various countries are taking drastic measures to this, which is also very different. However, the trend of strict supervision is becoming a trend.

Regulatory clarification The lack of regulatory clarity of underlying blockchain technology is a major obstacle to wider adoption. Regulations have been trying to keep up with technological progress, especially blockchain. Many countries have taken measures to regulate blockchain in some way, but their different methods confuse blockchain companies. Several areas of blockchain, such as smart contracts, need regulatory support to promote adoption.