A former Korean finance minister has joined Hashed Open Research to promote blockchain technology

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Last Updated on August 29, 2022 by Bitfinsider

A senior South Korean government official has joined blockchain VC Hashed’s research arm. Kim Yong-beom is a well-known figure in his home country, where he served as Vice Minister of Economy and Finance until last year. Yong-beom has chosen to enter crypto as an advisor after stepping down from the role, which included liaising with domestic crypto companies. Now he’s fighting for the industry he once helped to regulate.

Many South Koreans believe that blockchain adoption will do the same, allowing the country to future-proof itself and ride the next technological wave. “Since working as a senior economist at the World Bank in early 2000, I’ve considered the possibility of Korea rising as a global economic powerhouse based on new technology,” Yong-beom explains. “After leaving public office early last year, I learned about Korea’s competitiveness in blockchain and the digital economy while meeting with young talents.”

One of those meetings took place at Korea Blockchain Week, which Hashed co-hosted, and it is believed that the event paved the way for Yong-beom to join Hashed Open Research as an advisor. The organization will spearhead research into the underlying technology as well as investigate ways for it to be more widely adopted.

“If proper regulations are billed and applied,” Yong-beom predicts, “Korea could potentially become a G2 with the US in the digital sector.” “It is heartening that the new Korean government has prioritized the ‘Regulation for Basic Digital Assets’ as a national task and is hastening institutionalization.” The Hashed Open Research advisor believes that through public seminars, his organization can “provide a constructive dialogue between blockchain experts and government authorities.”


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Hardware wallets are safe and secure devices that can be used offline. They keep your cryptocurrency offline, making it impossible for you to be hacked. To find out more on the leading hardware wallets, you may view our reviews here: Ledger & Trezor
Disclaimer: The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, legal, tax or other advice. Investing in or trading cryptocurrency or stocks comes with a risk of financial loss.

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