The need to self-regulate blockchain

Hway said lots of investors keen on blockchain technology are focusing their attention on South-East Asia.

Instead of waiting for the ­government to impose ­regulations on blockchain usage, players in the industry should start a ­conversation on self-regulation, said the Australian Digital Commerce Association (ADCA).

ADCA CEO Nicholas Giurietto said when blockchain technology started becoming prominent in 2016, the Australian government was concerned it could be used for money laundering or ­financing terrorism.