Event Review | The "Web3.0 Business Training: Hot Interpretation of Stablecoins and RWA and Compliance Outlook" has successfully concluded!

The wave of Web3.0 is sweeping across the globe, and the compliance process of stablecoins and real-world assets (RWA) has become the two hottest topics in the industry. On July 10, hosted by the Digital Technology and Artificial Intelligence Committee of the Shanghai Bar Association and jointly organized by Shanghai Mankun Law Firm and Shanghai Zhonglian Law Firm, the "Hot Interpretation and Compliance Outlook of Stablecoins and RWA" Web3.0 business training event was launched. Mao Jiehao, a member of the Digital Technology and Artificial Intelligence Professional Committee of the Shanghai Bar Association and a senior lawyer at Shanghai Mankun Law Firm, attended this training event. On the eve of the event, participants signed in orderly, immersing themselves in the professional analysis and exchange atmosphere focused on stablecoin hotspots and future Compliance. The venue was fully packed, and the atmosphere was lively.

Training Review Sharing Topic One: In-depth Analysis of Stablecoin Hotspots and Compliance

Dr. Fang Yi, the Director of the Digital Economy and Artificial Intelligence Committee of China Link Shanghai, and the Deputy Director of the National Intellectual Property and Data Protection Committee of China Link, has a strong background in law and financial technology, with 7 years of experience in commercial trials at the court. He has deep expertise in legal issues related to blockchain smart contracts and has provided data Compliance services to numerous enterprises, offering unique insights on stablecoin. In the opening of the sharing, Dr. Fang explained the basic definition of blockchain digital assets, which helps the audience to have a clearer understanding of the concept of stablecoin. By citing hot topics related to stablecoins such as the distributed ledger technology of Web3.0, smart contracts, and digital tokens that constitute its ecological framework, he summarized that stablecoins, as homogeneous tokens, serve as a bridge connecting fiat currency and crypto assets, and will continue to play an important role as a link between the real world and the digital world in the future. This sharing by Dr. Fang clarifies the Compliance direction and regulatory framework for stablecoins in the industry, and emphasizes that: Compliance is the key to sustainable development, and identifying risks at all times is the long-term solution. Sharing Theme 2: RWA Compliance Status and Future Trends

Mao Jiehao, a member of the Digital Technology and Artificial Intelligence Professional Committee of the Shanghai Bar Association and a senior lawyer at Shanghai Mankun Law Firm, conducted this sharing session on the theme "Current Status and Future Trends of RWA Compliance." Lawyer Mao has extensive experience in providing legal services in the Web3.0 industry, focusing on various legal compliance areas including RWA and NFT. Lawyer Mao analyzed the current compliance situation and summarized the conclusion of "multiple regions exploring, framework gradually emerging." He selected cases combining the compliance status of RWA in Hong Kong, China, and international RWA for analysis. He pointed out that the regulation of RWA in Hong Kong is coordinated by multiple departments such as the SFC and HKMA, with the SFC setting an "A-S-P-I-Re" roadmap, and the Ensemble sandbox covering multiple domain use cases; the Bank for International Settlements defines tokenization as the process of digitizing traditional assets on a programmable platform, which can enhance trading efficiency, among other benefits. Lawyer Mao emphasized that compliant stablecoins are subject to supervision from multiple aspects, citing project cases like the Huaxia Hong Kong Dollar Digital Currency Fund and AntChain - Xiexin New Energy. Lawyer Mao emphasized that RWA will present multi-form development in the future, and the types of assets will become more diverse. However, there is currently no clear standardized Compliance structure. Within the scope permitted by existing laws, innovation should be attempted. Enterprises need to make long-term plans and explore more business possibilities under the premise of Compliance. Conclusion This training focuses on the two popular areas of stablecoins and RWA in the Web3.0 ecosystem. Through in-depth interpretation and case sharing by two guests, it aims to clarify the compliance framework for legal practitioners and Web3 professionals. It analyzes the current global regulatory dynamics while also incorporating local practical case studies to help participants seize opportunities for Web3.0 business development, avoid legal risks, and inject professional wisdom into the industry's compliance advancement! /END. Author of this article: Mankun Brand Department