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Golden Relativity | Song Ailu: The blockchain is becoming more and more mature, and the formulation of anti-money laundering standards is imminent



In recent years, as the blockchain technology has become more mature, the risks brought by the blockchain have been paid more and more attention. At present, the blockchain technology has been firstly applied in financial and other fields, but its money laundering risk is also due to the blockchain technology. Zoom in gradually. How to prevent the risk of money laundering in the blockchain industry has become an important research topic for regulatory authorities.

On September 22, 2020, a seminar on the application of anti-money laundering standards in the blockchain industry was held in Beijing. At the meeting, the Blockchain Branch of the China Software Industry Association served as the sponsor and collaborated with a number of organizations to discuss the general aspects of the application of anti-money laundering in the blockchain industry. Requirements" were discussed in depth, and finally reached a consensus on the establishment of the "Blockchain Industry Application Anti-Money Laundering Technology Alliance" in the next step.

In this regard, on September 29, Jinse Finance invited Song Ailu, deputy leader of the drafting team of the "Application of Anti-Money Laundering Standards in the Blockchain Industry", Cai Weide, director of Beihang Digital Society and Blockchain Laboratory, and Beijing Yingke Law Firm Financial and Internet Law Firm. Wang Fenghe, director of the affairs department, Deng Enyan, co-founder and CEO of Tiande Technology, and Lu Jun, a senior researcher of Firelink Technology, were guests in the "Golden Relativity" live broadcast room, discussing and sharing the country's special anti-money laundering measures in the blockchain field!

Golden Relativity | Peng Shangkun: The current supervision is actually isolating the dark web: In the Golden Relativity held today, in response to the question "Will Filecoin encounter regulatory problems? Then affect the application of Filecoin", Canaan Blockchain Technical director Peng Shangkun said that supervision is indeed a potential hidden danger. Our current supervision actually isolates the dark web. If filecoin brings a completely free Internet, it is equivalent to opening the box of the dark web. But there are also ways to prevent it: such as establishing a review or verification mechanism, guiding everyone to store legal data through reward and punishment measures, monitoring from the source of Filcoin, and then tracing back to the source of the data provided when problems are found. . [2020/5/20]

In order to understand each guest's point of view more clearly, Jinse Finance has sorted out the sharing of each guest during the live broadcast. The following is the sharing of Song Ailu, the deputy leader of the drafting team of "Blockchain Industry Application Anti-Money Laundering Standards".

Golden Relativity | Bit Jesus: BTC, BCH, and BSV all have a certain value in Bitcoin: In the Golden Theory of Relativity held today, regarding the question "What are the main reasons for switching to support BCH in 2017", Bit Jesus said, no. But if you take too much away from the white paper, I don't think it's still fair to call it Bitcoin. I think BTC, BCH and BSV all have some bitcoin value. I don't care which one is the real bitcoin. I care about who is the best tool to use to bring more economic freedom to the world. BTC doesn't care if it can be used as money. BSV is interested in complying with whatever the government wants. BCH wants to be the world's useless money. Store of value or payment system, which is more important for Bitcoin. The two cannot be separated. The availability of payments enables it to be used as a store of value. If Bitcoin had never been amazing for payments, no one would have started using it as a store of value. For anything to be used as a store of value, it must have a use case other than a store of value. Nothing in the world is used solely as a store of value, and Bitcoin is no exception in this respect. [2020/4/9]

Song Ailu: Hello, everyone. I am Song Ailu. I am the deputy leader of the drafting group of "Application of Anti-Money Laundering Standards in the Blockchain Industry" and the Deputy Secretary-General of the Blockchain Branch of the China Software Association. contribute to the healthy development of the country.

Golden Relativity | Liu Changyong: The blockchain practice of giant enterprises can provide a very valuable practical basis for blockchain in colleges and universities: In today's golden theory of relativity, for "what areas should blockchain education in colleges and universities currently cover, What kind of promotion will the association with giant enterprises bring?" Liu Changyong, the founder of Zhimi University and a doctor of economics at Peking University, said that blockchain is a comprehensive innovation, and college education should also adapt to this comprehensive innovation. , providing a wide range of educational content. In my opinion, the following five aspects are mainly needed at present: First, general education courses. That is to say, students of different majors can have a general understanding of the historical background, basic characteristics, basic principles, application direction and development status of blockchain, etc. in a simple and popular way. Address the entry needs of students. The second is basic courses. This is a course that lays a theoretical foundation for further professional education. The focus should be on the in-depth explanation of the basic principles of applied cryptography, peer-to-peer network systems, and consensus mechanisms. The third is to develop courses. For the development of blockchain applications, students can learn how to develop corresponding blockchain systems for different application scenarios and application logic. The fourth is the economics course. Research and explain the economic principles of blockchain, economic relationships in blockchain systems, economic impact of various blockchain applications, etc. The fifth is legal courses. Study the legal issues brought about by the application of blockchain in various fields of social economy. At present, these five aspects are all urgently needed. With the in-depth development of relevant practices, it will also go deep into other fields such as political science, sociology, philosophy, etc. These can be slowly advanced with the accumulation of experience and research strength. The blockchain practice carried out by giant enterprises can provide a very valuable practical basis for the blockchain of universities, preventing the research and education of blockchain in universities from being divorced from reality, and prematurely moving towards pure academics. [2019/9/12]

Wang Yukun: As the deputy leader of the drafting group for the application of anti-money laundering standards in the blockchain industry, please share the main purpose and results of this meeting. To strengthen the research on blockchain standardization, why do we need to start with anti-money laundering?

Golden Relativity | Ding Wentuo, Brand Manager of Shangya Exchange: The industry embraces regulation and also proposes dynamic regulation: In this issue of Golden Relativity, on the issue of "the state of affairs related to blockchain and encryption policies in various countries", Shangya Exchange Ding Wentuo, head of the brand, said: For any industry, supervision must lag behind the development of the industry. We embrace regulation and actively communicate about regulation, but we still hope that regulation can be dynamic and prudent. In terms of formulating blockchain regulatory policies, there is a game among major countries. Taking Japan as an example, in the past few years, China’s mobile payment has developed rapidly, and the development of mobile payment in developed countries including the United States has been slow. Far behind China, Japan is a very conservative country, but it is the most radical in the field of blockchain. Japan introduced relevant laws in 2016 to regulate the industry. To some extent, Japan has to rely on regional Blockchain technology realizes overtaking on curves and even changing lanes. [2018/7/27]

Song Ailu: Okay, then I will introduce you step by step.

First of all, this meeting was jointly initiated by the Blockchain Branch of China Software Industry Association and the Internet Finance Law Committee of Beijing Lawyers Association, which convened representative enterprises and experts in the industry. The purpose is to promote the blockchain industry to establish anti-money laundering-related technical safety specifications, and promote the healthy development of the blockchain industry. At the same time, the value of the self-discipline of the industry organization and the communication bridge with the supervisory level will be brought into play, so that the practitioners in the industry can enjoy the dividends of the development of the industry. At the same time, it can also be uploaded and distributed. We will synchronize the important progress of the standard to the relevant regulatory agencies, organize.

Golden Relativity丨Lin Nianlong: Mining machine companies develop AI to avoid putting eggs in one basket: In this issue of Golden Theory of Relativity, when talking about the topic that top-ranked mining machine companies are all making AI chips, Honeycomb co-founded Lin Nianlong believes that: Mining machine companies do not put all their eggs in one basket, so as to avoid the embarrassing situation that "Baidu's main income for more than 10 years only comes from search-zce". Generally speaking, the capabilities of AI companies are still in life applications and machine learning, both at the software level; mining machine companies are very strong in hardware skills and financial strength, which is an area that AI companies generally dare not touch. AI is "software", and mining machine companies are "hardware". The combination of software and hardware will be a complementary and cooperative relationship in the future. [2018/6/27]

The second is about the effectiveness: because it is the anti-money laundering standard of the blockchain industry, the drafting of this standard has convened representative enterprises in the blockchain industry to participate in the drafting. The purpose of this standard is to establish an industry consensus , Anti-money laundering standards in line with the characteristics of the blockchain industry, a standard that everyone is willing to abide by.

The representative companies at the meeting fully shared and exchanged ideas and opinions on anti-money laundering in the blockchain industry, and reached a consensus on the core norms. Healthy development, I think this is the biggest effect of the meeting.

Regarding why we start with anti-money laundering, there are mainly the following considerations:

In fact, a series of other standards have been issued before, but this time we start with anti-money laundering standards. First of all, as the blockchain technology ecology and digital economy continue to mature, higher transparency, security and compliance have become the common demands of global investors and regulators. With the accelerated development of the industry, the risk of financial crimes arising from the new business model of Internet finance is accompanied by it. Among them, new money laundering methods also show new trends from traditional offline to online development, such as derivative bitcoin money laundering, trade money laundering, and money laundering on aggregated payment platforms, etc., which are worthy of vigilance. Money laundering has become the sword of Damocles for the healthy development of the blockchain industry, and it has always been a cloud over the industry, so we must find a way to solve it.

At the same time, due to the characteristics of the blockchain, such as borderless and anonymity, money laundering activities help criminals evade legal sanctions, encourage illegal and criminal activities, disrupt economic and financial order, damage economic organizations and national reputation, and undermine social justice; The country continues to spread to developing countries. The international community generally recognizes that it is difficult to prevent, control, and combat transnational money laundering crimes relying solely on the strength of a country or an organization. The international community and industry self-regulatory organizations must work together to standardize and coordinate domestic and international legislation and self-regulation in order to effectively protect money laundering. international financial order and national economic security, and promote the healthy development of the global economy and society.

As a newly emerging sunrise industry, the establishment of anti-money laundering rules is imminent. Based on the above points, we believe that for the emerging blockchain industry, it is necessary to establish industry norms from the perspective of anti-money laundering.

Wang Yukun: The recent Bund Conference also released a white paper on anti-money laundering, introducing blockchain technology to ensure ecological joint defense. In your opinion, what improvements can the application of blockchain technology bring to the field of anti-money laundering?

Song Ailu: In fact, the anti-money laundering white paper released by the Bund Conference has a different focus. They are more inclined to do it from the perspective of traditional financial platforms. We mainly do it from the perspective of the blockchain industry.

Regarding the improvement that the application of blockchain technology can bring, I think there are mainly the following points:

First, the introduction of blockchain technology enables "on-demand" and "instant" sharing of cross-departmental data. Financial industry regulatory agencies have paid huge regulatory costs in anti-money laundering work and achieved certain results in anti-money laundering work. However, judging from the current anti-money laundering mechanisms of various financial institutions, there are still low customer identification efficiency and anti-money laundering. The low degree of informatization of money laundering work, the high cost of anti-money laundering supervision, and the lack of synchronization and sharing of relevant data among financial institutions. At the same time, the blockchain can become a shared data record library between regulators and regulated objects, breaking down barriers between organizations.

Second, the blockchain has the potential to easily share a subset of transaction data with regulators in real time. Moreover, the blockchain can implement a business model that includes supervision, in which regulators use smart contracts to verify transactions in real time, and the rules are contracted.

In addition, the introduction of blockchain to realize the innovation of "business + supervision" within the department, the introduction of blockchain technology into the daily identity registration verification, financial transactions and inspection and audit links of financial institutions, to realize the digitization, automation and intelligence of regulatory rules, The use of smart contracts to complete real-time supervision and data sharing will help further improve the anti-money laundering prevention, in-process monitoring, and post-event disposal processes of financial institutions, and improve the anti-money laundering level of financial institutions and regulatory authorities.

Due to the security and non-tamperable characteristics of blockchain technology itself, it can not only ensure that every data record on the chain is authentic and reliable, but also can be audited and consulted at any time, effectively reducing the cost of trust between institutions, and improving the prevention of money laundering risks and crackdowns Financial crime efficiency.

Wang Yukun: From the perspective of China and the world, what does the application of anti-money laundering standards in the blockchain industry mean for the development of related industries?

Song Ailu: I think what we do has a profound impact. At present, blockchain technology is still in its infancy, and the formulation of relevant standards is conducive to guiding the industry in the right direction and promoting the healthy development of the blockchain industry. On the other hand, while the relevant standards are formulated, room for innovation is also left for the industry, providing more possibilities for the development of the industry.

The establishment of the standard not only establishes a common action goal for practitioners in the blockchain industry, but also establishes a large anti-money laundering database in the blockchain industry. First, it will assist the healthy development of the financial industry, break down data barriers between different institutions, and establish joint defense Mechanism, cooperate with associations to identify relevant money laundering gangs. At the same time, it is conducive to timely discovery and monitoring of money laundering activities in the blockchain industry, assisting relevant regulatory authorities to trace and confiscate criminal proceeds, curb the penetration of money laundering crimes and predicate crimes into other fields, and maintain economic security and social stability; it is more conducive to increasing International exchanges and cooperation to eliminate the potential financial and legal risks brought by money laundering to financial institutions and even the blockchain financial industry, and maintain financial security.


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