Chen Dongmin said that financial supervision issues should be watched. Just because Bitcoin is not recognized by the government, it can use innovative thinking to discover new opportunities. Exchange of bitcoin to cash can help start-ups get financing, which is the same as crowdfunding. For example, the US blockchain-related companies obtained $1 billion in financing through tokens, of which only one-tenth of the capital was obtained through venture capital.
He mentioned that in China, the blockchain field entered the speculative group in 2017, and the new innovation mechanism began to engage in speculation in the market, which brought huge risks to the market. The Chinese government stopped it correctly, but At the same time, there are no ways for companies with innovative thinking to obtain capital through this new channel.
He believes that the regulatory system should be re-examined so that start-ups can correctly acquire capital through government supervision.