Kimchi leads in crypto trading volume, Web3 entrepreneurial environment needs to be improved
A well-known CEO quoted Bloomberg on social media, saying that although Kimchi leads the world in cryptocurrency trading volume, it is one of the countries with the worst Web3 entrepreneurial environment. Just like other countries' stocks are listed on Kimchi exchanges, but Kimchi's Ant trading volume exceeds that of the United States. This situation highlights the problems caused by regulators' conservative attitude and lack of understanding of innovation.
According to Bloomberg, Kimchi's crypto exchange trading volume accounts for more than 80% of the country's total trading volume, making it one of the top five exchanges in the world. However, behind this feat lies the unfavorable factors of the entrepreneurial environment.
The main challenge lies in the regulators' lack of understanding and acceptance of new technologies, as well as their conservative attitude towards innovation. This situation has seriously restricted the development and growth of Kimchi's Web3 entrepreneurs.
Although Kimchi is in a leading position in cryptocurrency trading, we must recognize the importance of the entrepreneurial environment. Only by improving the regulatory environment and actively promoting innovation can we create a more favorable development environment for Web3 entrepreneurs in Kimchi Country and promote the long-term development of Kimchi Country’s economy
