"This is what I want to discuss with you today." Zhao Chen clicked on Remote Control, and the speech outline appeared on the big screen behind him:
1. The legal status of Digital Currency: the global regulatory landscape
2. Core legal risks: money laundering, fraud, investor protection
3. Technological breakthroughs and regulatory evolution: Taking the Bitcoin expansion agreement as an example
West, future trends: compliance, institutionalization, scenario expansion
"Let's first look at the current status of global regulation."
Zhao Chen switches the PPT and a world map appears, with different countries marked in different colors.
"Red means complete prohibition, such as Algeria, Bangladesh.
Yellow represents restrictions or warnings, such as China, India.
Green represents legalization or active regulation, such as Japan, Switzerland, United States in some states."
He pointed to the location of Japan:
"On April 1 this year, Japan officially implemented the <Payment Services Act> amendment, recognizing Bitcoin as a legal payment method.
This is the first country among the world's major economies to give Bitcoin a clear legal status."
There are students in the audience taking notes.
Sitting next to Shen Zhiyi, Dean School of Economic Law was also taking notes carefully.
He nodded sometimes and pondered sometimes. Apparently Zhao Chen's story triggered his thinking.
"And China?"
Zhao Chen switches to the next PPT, which is <Notice on Preventing Bitcoin Risks> released by seven ministries and commissions including People's Bank of China in 2013.
"This document makes it clear:
Bitcoin is not a currency and cannot be circulated in the market as currency. Financial institutions are not allowed to carry out Bitcoin-related business.
But please note - it does not prohibit personal holding and trading."
He emphasized:
"This is a misunderstanding of many people. In China, it is not illegal to hold Bitcoin, and it is not illegal to use RMB to buy and sell Bitcoin.
What is illegal? It is the intervention of financial institutions, illegal operations of the platform, and criminal activities involving money laundering, fraud, etc."
The students of Law School listened very carefully.
This kind of analysis between legal provisions and practical operations is the core of their professional training.
Chen Xi raised his head and glanced at Zhao Chen, just in time to see the focused look on his side face.
At that moment, her heart suddenly throbbed - the charm this man exuded while working was really hard to look away from.
She quickly lowered her head and continued recording.
"But here's the thing,"
Zhao Chen The topic changed,
"Personal trading is in a gray area. If the trading platform goes away or if it encounters a hacker attack, it will be difficult for investors to protect their rights through legal channels.
Because the 'property right' nature of Bitcoin has not been clearly defined in law."
He gave an example:
"If your Bitcoin wallet is stolen and you report it, how should the police file a case? Theft? Is the object of theft 'data' or 'property'?
How to determine the value - based on the purchase price or the market price when it was stolen? The law does not give clear answers to these questions."
There was a discussion in the audience.
Obviously, many students who invested in Bitcoin have never thought about these issues.
Shen Zhiyi Two rows behind him, a boy wearing glasses patted his thigh as if he had a sudden realization, and said to his companion:
"Damn! I really haven't thought about this! There are five Bitcoin in my account now. If the platform runs away..."
The companion's expression also changed. "I also have three..."
"This leads to the second question: the core legal risks of Digital Currency."
Three keywords appeared on Zhao Chen's PPT: money laundering, fraud, and investor protection.
Vice-principal Li Zhenhua nodded slightly and whispered to the dean next to him:
"The entry point is well chosen. Legal risk is the most important lesson for students, especially now that Digital Currency is so popular."
"Let's look at money laundering first."
He switches to a case diagram,
"Bitcoin's anonymity and cross-border liquidity make it an ideal tool for money laundering.
The recent WannaCry ransomware virus, which requires Bitcoin to pay the ransom, is a typical case."
He paused, waiting for the discussion in the audience to subside:
"But what I want to emphasize is - Bitcoin itself is not a money laundering tool, it is just a tool of tools.
The real risk lies in how supervision can identify and combat money laundering using Bitcoin?
This leads to 'KYC' (Know Your Customer) and 'AML' (Anti-Money Laundering) requirements."
Chen Xi quickly jotted down these professional terms, which were not included in her first draft.
She noticed that when Zhao Chen was speaking, he spoke at an unhurried pace and gave the audience time to digest each key point - this is the characteristic of an excellent speaker.
"In January this year, People's Bank of China interviewed the three major domestic Bitcoin trading platforms and requested the implementation of a real-name system. This is the regulatory response.
But the problem is that global supervision is not unified - you trade anonymously on the Japan platform, and China supervision is difficult to trace."
"Look at the fraud again."
Zhao Chen switches to an ICO (Initial Coin Offering) case,
"Since this year, global ICO financing has exceeded 1.3 billion US Dollar.
But how many of them are genuine Blockchain projects? How many are 'Air Coin' scams?"
He showed a comparison of several white papers:
"The one on the left is a real technical solution, with a code base and a development team.
The one on the right is plagiarized and rewritten, with falsified team information and empty technical descriptions. But can ordinary investors tell the difference?"