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Opinion

Blockchain needs tailored rules for applications beyond finance

Global companies are shifting the focus from cryptocurrency to other diverse uses

| South Korea
Virtual assets and finance are not the only areas where blockchain applications require regulation.   © GDAPHOTO, ASSOCIATED PRESS

Vishal Sacheendran is head of regional markets at Binance.

I recently had the privilege of participating in the Second Digital Innovation Academic Forum in South Korea. There, a distinguished academic posed an intriguing question: "When it comes to blockchain applications, why do we keep hearing so much about regulation of virtual assets, but barely anything about regulation of other types of blockchain use cases?"

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