1英寸揭示瞭如何使分散的金融（DEFI）真正安全且在製度上可以接受。

今天，在Lugano的Metaforum 2025年活動中，1英寸揭示瞭如何使分散的金融（DEFI）真正安全且在製度上可以接受。

Today at the event MetaForum 2025 in Lugano, 1inch reveals how to make decentralized finance (DeFi) truly secure and institutionally acceptable.

今天，在Lugano的Metaforum 2025年活動中，1英寸揭示瞭如何使分散的金融（DEFI）真正安全且在製度上可以接受。

In the constantly evolving context of decentralized finance (DeFi), regulation represents one of the most complex and controversial topics.

在不斷發展的分散融資（DEFI）的不斷發展的背景下，監管代表了最複雜和有爭議的主題之一。

During a speech at the MetaForum, one of the main European events dedicated to blockchain, crypto, and Web3, a German lawyer expert in financial law offered a concrete and in-depth overview.

在Metaforum的演講中，德國金融法律師專家的歐洲主要活動之一是歐洲鍊鍊，加密貨幣和Web3，提供了具體和深入的概述。

In particular, focusing on how to address the risks of DeFi and build a safe and sustainable ecosystem, even for institutional investors.

特別是，即使是針對機構投資者，關注如何應對DEFI的風險並建立安全可持續的生態系統。

The 1inch case: the choice of jurisdiction is crucial in DeFi

1英寸的案件：管轄權的選擇對於Defi至關重要

1英寸的案件：管轄權的選擇對於Defi至關重要

According to the speaker, the main “showstopper” of the crypto world is not so much regulation, but rather the lack of understanding. Authorities often legislate on technologies they do not fully understand.

據演講者稱，加密世界的主要“震撼者”不是很多法規，而是缺乏理解。當局經常就他們不完全理解的技術立法。

And how can something be effectively regulated if it is not understood? From here arises the idea of a consapevole self-regulation as a bridge between innovation and institutions.

如果不了解某事，該如何有效地調節呢？從這裡出現了一個自我調節作為創新與機構之間的橋樑的想法。

In 2020, the founders of 1inch – Sergey and Anton – were seeking a license in Germany. The lawyer dissuaded them: “The regulator will never fully understand your model.”

2020年，1英寸（Sergey and Anton）的創始人在德國尋求許可。律師勸說他們：“監管機構將永遠不會完全理解您的模型。”

The advice was to stay in Switzerland under a SRO (Self-Regulatory Organization) or consider Dubai, jurisdictions more open to experimentation.

建議是在SRO（自我監管組織）下留在瑞士，或考慮迪拜，司法管轄區更開放。

This strategic move has allowed 1inch to operate in full legality but without sacrificing the essence of DeFi: decentralization, transparency, and operational freedom.

這一戰略舉動使1英寸能夠完全合法運作，但並沒有犧牲Defi的本質：權力下放，透明度和運營自由。

The European MiCA regulation (Markets in Crypto-Assets) represents a significant milestone for those offering centralized services, but it does not apply to pure DeFi.

對於提供集中服務的人來說，歐洲雲母法規（加密資源市場）代表了一個重要的里程碑，但不適用於純defi。

Protocols like 1inch, governed by a DAO, do not fall within the scope of the regulation as they do not offer custodial or brokerage services in the strict sense.

由DAO管理的1英寸等協議不在法規的範圍之內，因為它們在嚴格的意義上不提供監護或經紀服務。

An exclusion that represents both an advantage (greater freedom) and a challenge (lack of formal legal recognition).

既代表優勢（更大的自由）和挑戰（缺乏正式法律認可）的排除。

The philosophy of 1inch is based on self-custody and decentralization. The platform aggregates the best exchange rates among DEX using its Pathfinder protocol, without holding users’ assets or acting as a direct intermediary. Everything happens through smart contracts.

1英寸的哲學是基於自我觀念和權力下放的。該平台使用其探路者協議匯總了DEX之間的最佳匯率，而無需持有用戶的資產或充當直接中介。一切都通過智能合約發生。

Not being a custodial, a broker, or a regulated service provider, 1inch does not fall among the entities obligated by MiCA. However, this does not mean a lack of control or irresponsibility.

1英寸不屬於雲母義務的實體，不屬於監護人，經紀人或受監管的服務提供商。但是，這並不意味著缺乏控製或不負責任。

The real risks of DeFi: between hacks and dangerous bridges

Defi的真正風險：黑客和危險橋樑之間

Defi的真正風險：黑客和危險橋樑之間

The speech highlighted with clarity the main risks:

講話清楚地強調了主要風險：

* Hacks and scams: Despite the narrative of a lawless space, in seven years of crypto there have been fewer major hacks than in other financial sectors. A figure that speaks volumes about the rapid evolution of security measures within the industry.

*黑客和騙局：儘管敘述了一個無法無天的空間，但在七年的加密貨幣中，主要的黑客攻擊少於其他金融領域。這個數字說明了行業內安全措施的快速發展。

* Money laundering and illicit activity: A small portion of users engage in these practices, and protocols are actively working to identify and block them.

*洗錢和非法活動：一小部分用戶從事這些做法，協議正在積極識別和阻止它們。

* The technical complexity of blockchain technology can be an obstacle for those approaching it for the first time.

*區塊鏈技術的技術複雜性對於第一次接近它的人來說可能是一個障礙。

To address these risks, 1inch has implemented a multi-layered security model, which includes transaction simulation, geofencing and VPN detection, device fingerprinting, automatic wallet screening, bot detection, and operation surveillance.

為了解決這些風險，1英寸實施了多層安全模型，其中包括交易模擬，地理審理和VPN檢測，設備指紋識別，自動錢包篩選，機器人檢測和操作監視。

Additionally, the project promotes collaboration among industry players.

此外，該項目促進了行業參與者之間的合作。

If a wallet linked to illicit behaviors is identified, the information is shared with exchange partners to block laundering. An approach that led to the creation of the 1inch Shield initiative, aimed at building trust even with banking institutions.

如果確定了與非法行為相關的錢包，則信息將與交換夥伴共享以阻止洗錢。一種導致創建1英寸盾計劃的方法，旨在建立信任，即使是銀行機構也是如此。

Security without KYC? Yes, it is possible

沒有KYC的安全？是的，有可能

沒有KYC的安全？是的，有可能

One of the most innovative aspects is the ability to ensure compliance without the need for traditional KYC.

最具創新性的方面之一是能夠在不需要傳統KYC的情況下確保合規性。

According to the speaker, there are technical tools and procedures that, while respecting user privacy, offer banks and compliance officers a level of trust comparable to that of CeFi processes.

演講者說，有一些技術工具和程序在尊重用戶隱私的同時，為銀行和合規人員提供了與CEFI流程相當的信任水平。

These tools include:

這些工具包括：

* A service that analyzes transactions in real-time to identify any suspicious activity.

*一種實時分析交易以識別任何可疑活動的服務。

* A system for mapping the connections between wallets and identifying those involved in known illicit operations.

*一個用於映射錢包之間連接並識別參與已知非法操作的系統。

* A platform for collecting and verifying data on institutional investors, such as investment licenses and anti-money laundering certifications.

*一個用於收集和驗證機構投資者數據的平台，例如投資許可證和反洗錢認證。

Through a SaaS service, market makers can use all these tools without developing them internally, with a simple monthly subscription. A scalable, effective, and privacy-friendly approach.

通過SaaS服務，做市商可以使用所有這些工具，而無需內部開發它們，每月訂閱簡單。可擴展，有效且友好的方法。

The final message of the speech at the MetaForum is clear: transparency, security, and collaboration are the keys to taking DeFi to the next level.

元福魯斯語中演講的最終信息很明確：透明度，安全性和協作是將DEFI提升到一個新級別的關鍵。

Even though protocols like 1inch are not subject to traditional regulation, this does not mean operating in the wild west: on the contrary, the adoption of advanced security practices and openness towards partners and authorities is what makes the sector mature.

儘管像1英寸這樣的協議不受傳統法規的約束，但這並不意味著在野外西部運作：相反，採用先進的安全實踐和對合作夥伴和當局的開放性是使該部門成熟的原因。

In an era in which the rules cannot keep up with innovation, DeFi can self-regulate and thrive, also involving banks, institutions, and professional investors. The revolution is not only technical: it is also cultural.

在這個時代，規則無法跟上創新，Defi可以自我調節和繁榮，還涉及銀行，機構和專業投資者。革命不僅是技術性的：它也是文化的。