1英寸揭示了如何使分散的金融（DEFI）真正安全且在制度上可以接受。

今天，在Lugano的Metaforum 2025年活动中，1英寸揭示了如何使分散的金融（DEFI）真正安全且在制度上可以接受。

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年活动中，1英寸揭示了如何使分散的金融（DEFI）真正安全且在制度上可以接受。

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

在不断发展的分散融资（DEFI）的不断发展的背景下，监管代表了最复杂和有争议的主题之一。

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的演讲中，德国金融法律师专家的欧洲主要活动之一是欧洲链链，加密货币和Web3，提供了具体和深入的概述。

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

特别是，即使是针对机构投资者，关注如何应对DEFI的风险并建立安全可持续的生态系统。

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

1英寸的案件：管辖权的选择对于Defi至关重要

1英寸的案件：管辖权的选择对于Defi至关重要

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.

据演讲者称，加密世界的主要“震撼者”不是很多法规，而是缺乏理解。当局经常就他们不完全理解的技术立法。

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，该如何有效地调节呢？从这里出现了一个自我调节作为创新与机构之间的桥梁的想法。

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）的创始人在德国寻求许可。律师劝说他们：“监管机构将永远不会完全理解您的模型。”

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

建议是在SRO（自我监管组织）下留在瑞士，或考虑迪拜，司法管辖区更开放。

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

这一战略举动使1英寸能够完全合法运作，但并没有牺牲Defi的本质：权力下放，透明度和运营自由。

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.

对于提供集中服务的人来说，欧洲云母法规（加密资源市场）代表了一个重要的里程碑，但不适用于纯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英寸等协议不在法规的范围之内，因为它们在严格的意义上不提供监护或经纪服务。

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

既代表优势（更大的自由）和挑战（缺乏正式法律认可）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英寸的哲学是基于自我观念和权力下放的。该平台使用其探路者协议汇总了DEX之间的最佳汇率，而无需持有用户的资产或充当直接中介。一切都通过智能合约发生。

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英寸不属于云母义务的实体，不属于监护人，经纪人或受监管的服务提供商。但是，这并不意味着缺乏控制或不负责任。

The real risks of DeFi: between hacks and dangerous bridges

Defi的真正风险：黑客和危险桥梁之间

Defi的真正风险：黑客和危险桥梁之间

The speech highlighted with clarity the main risks:

讲话清楚地强调了主要风险：

* 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.

*黑客和骗局：尽管叙述了一个无法无天的空间，但在七年的加密货币中，主要的黑客攻击少于其他金融领域。这个数字说明了行业内安全措施的快速发展。

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

*洗钱和非法活动：一小部分用户从事这些做法，协议正在积极识别和阻止它们。

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

*区块链技术的技术复杂性对于第一次接近它的人来说可能是一个障碍。

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.

为了解决这些风险，1英寸实施了多层安全模型，其中包括交易模拟，地理审理和VPN检测，设备指纹识别，自动钱包筛选，机器人检测和操作监视。

Additionally, the project promotes collaboration among industry players.

此外，该项目促进了行业参与者之间的合作。

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.

如果确定了与非法行为相关的钱包，则信息将与交换伙伴共享以阻止洗钱。一种导致创建1英寸盾计划的方法，旨在建立信任，即使是银行机构也是如此。

Security without KYC? Yes, it is possible

没有KYC的安全？是的，有可能

没有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.

最具创新性的方面之一是能够在不需要传统KYC的情况下确保合规性。

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.

演讲者说，有一些技术工具和程序在尊重用户隐私的同时，为银行和合规人员提供了与CEFI流程相当的信任水平。

These tools include:

这些工具包括：

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

*一种实时分析交易以识别任何可疑活动的服务。

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

*一个用于映射钱包之间连接并识别参与已知非法操作的系统。

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

*一个用于收集和验证机构投资者数据的平台，例如投资许可证和反洗钱认证。

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.

通过SaaS服务，做市商可以使用所有这些工具，而无需内部开发它们，每月订阅简单。可扩展，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.

元福鲁斯语中演讲的最终信息很明确：透明度，安全性和协作是将DEFI提升到一个新级别的关键。

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.

尽管像1英寸这样的协议不受传统法规的约束，但这并不意味着在野外西部运作：相反，采用先进的安全实践和对合作伙伴和当局的开放性是使该部门成熟的原因。

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.

在这个时代，规则无法跟上创新，Defi可以自我调节和繁荣，还涉及银行，机构和专业投资者。革命不仅是技术性的：它也是文化的。