Sun Yuchen explains the necessity of blockchain global settlement and regulatory attitudes

Justin Sun recently discussed the role of blockchain technology in international finance during an interview, emphasizing the importance of regulatory frameworks. His insights have sparked widespread industry reflection on cross-border payments and policy guidance.

Why Blockchain Is the Best Choice for Global Settlement

Justin Sun pointed out that within the current financial system, blockchain technology is the only effective way to achieve truly 24/7 uninterrupted global settlement. Traditional cross-border payments are often limited by time zone differences and numerous intermediaries, leading to long settlement cycles and high costs. Blockchain, based on distributed ledger technology, can overcome geographical limitations, making fund flows more transparent and efficient. This view highlights blockchain’s core value in international financial settlement.

He also emphasized that whether it’s international remittances, trade settlement, or financial derivatives clearing, blockchain can significantly improve efficiency through smart contracts and decentralized mechanisms. This technological advantage has already been validated in some institutional applications.

Regulation Itself Represents Industry Opportunities

When discussing regulation, Justin Sun presented a thought-provoking perspective: even an imperfect regulatory framework is better than complete chaos. He believes that clear rules—despite their shortcomings—at least provide direction for industry participants, and these rules are not fixed; they can be gradually improved through industry efforts.

This stance reflects his understanding of regulatory development. A well-structured regulatory environment can attract more compliant companies and institutions, whereas a regulatory vacuum often leads to market chaos and rampant violations. Justin Sun’s statements imply that instead of passively waiting for an ideal policy framework, it’s better to actively engage in constructive dialogue within the existing environment.

These insights offer a new perspective for the industry: Justin Sun believes that the development of the blockchain industry should not be hindered by current regulatory obstacles but should be promoted through compliant operations and policy advocacy to improve the framework.