From the recent chain dispute over “no-differentiated tags”, see the evolution of the Web3 compliance mechanism and the neutrality of stable currencies

RecentlyHTXOperation Tainting, which is a chain-based platform for encrypted money transactions, has generated extensive controversy and reflection in the area of global block chain security and compliance. Many well-known chain analystsZachXBTand@tayvano ) It was noted that the current “one-size-fits-all” marking method not only undermines decentrized ecological self-regulation mechanisms, but also has a more serious impact on normal compliance. Meanwhile, top research institutionsGalaxy ResearchThe analysis also revealed another deep-seated problem: the demonstration of “selective compliance” based on commercial interests by stabilizers in the face of demands from different jurisdictions, which is constantly eroding the neutrality of the dollar's stable base infrastructure. The industry needs to look into how best to fight crime and protect innocent usersWeb3Paths to the upgrading of the compliance mechanism。

I. Core of the dispute: traditional means of compliance in Web3

Combining the observations of analysts and security experts in the immediate immediate chain, the current simple and crude approach to compliance enforcement has two major structural risks at the macro level:

“Systemal wrongs” that are contrary to the original intent of protecting the family

Mainstream exchanges host a very diverse global diaspora. Unlike a dark web tool created for purely illegal activities, a comprehensive platform with a large user base is labeled as a whole with high risk, which directly leads to the involvement of a large number of legal dispersed households across the chain orDeFiThe agreement was frozen. This practice objectively deprives ordinary investors of the right to dispose of their assets, contrary to the original intent of regulating “protection of investors”。

Link-labeled pollution leads to “risk distortion” and ecological regression

The current partial compliance tracking tool does not effectively distinguish between normal financial flows before and after high-risk events. Extensive label pollution (Tainting Disaster) deprives the term “risk” of the essence of precision management. More seriouslyWeb3The industry and security teams have invested enormous resources over the years in automated illicit financing interdiction mechanisms, which have been disrupted by such carpet-based restrictions, with negative ripple effects that go even beyond past sanctions for single privacy agreements, seriously compromising industry efforts to comply proactively。

II. The crisis of confidence resulting from “selective compliance” with the stabilization currency

This tag dispute was both exposedWeb3Another deadly weakness of infrastructure: the standard of enforcement for stabilizing currency distributors is arbitrary。

Like..Galaxy ResearchAccording to recent reports, in the face of recent sanctions storms targeting large platformsCircleandTetherNo freezing action has been taken by either issuer. However, in other, more controversial cases (e.g., the $12 million smart contract that was recently frozen and unsealed by the courts), some issuers have shown a tendency to over-exercise the law; in the face of explicit hacker attacks, their response has tended to lag or be negative。

This “unconsistent freezing logic” is often based on the issuer's own commercial motives and leverage, rather than uniform legal or industry standards. This has led to serious market consequences:

• Liquid fragmentation: Data show that some 90% of a large platform has been lost in a few days due to uncertainty about compliance expectationsUSDTThe balance (over $100 million) forced funds to be diverted to other chain assets (e.g.TRONIt's not like it's going to be a big deal。

• Neutrality erodedA robust financial infrastructure depends on predictability. If stable currency distributors become random “global review platforms” based on commercial games, in the absence of a global consensus, this would seriously undermine their core value as “programmable value media” and shift the compliance risk to innocent bulk and market liquidity providers。

III. Break-through: building the “precision compliance” framework of the Web3 era

The fight against chain crime and the security of the financial system are common objectives of regulators and block-chain industries. However, in the face of the characteristics of de-centre technology, future compliance governance must move from “broad-down” to “precision strikes”. Integration of the current state of technology and ecology, the futureWeb3The compliance upgrade can begin at three dimensions:

Technological upgrading: from “physical closure” to “particle tracking” (Granular tracking)

THE FUTURE CHAIN TAG SHOULD NOT REMAIN ON THE ROUGH SIDE OF "THE ENTIRE PLATFORM ADDRESS IS A RISK". DATA ANALYSIS AGENCIES SHOULD PROMOTE TECHNOLOGICAL UPGRADING TO ACHIEVE DYNAMIC AND ACCURATE UTXO OR HASH GRADE TAGS, WITH PRECISION BLOCKING ONLY SPECIFIC WALLET ADDRESSES OR SINGLE-MONEY CHAINS WHERE THERE IS A REAL SUSPICION OF A CRIME, AND ENSURE THE FREE FLOW OF NON-RELATED FUNDS AND COMPLIANT BULK ACCOUNTS。

2. Harmonization of standards: establishing an industry consensus on a stable currency freeze

There is an urgent need for industry to develop a transparent and predictable set of “freeze freeze operational guidelines” for stable currency distributors and bottom-up public chains. The guide should make a clear distinction between the treatment of “suspected terrorist financing/clear hacking” and “compulsory transitional platform” and avoid market panic and liquidity crowding by distributors based on unilateral commercial considerations。

User protection and intelligence-sharing: establishment of transition and screening mechanisms

Any extensive compliance restrictions must be preceded by the introduction of protection procedures for ordinary users. For example, the establishment of a “compliance transition period” or a dedicated “Proof of Clean Funds” allows for the safe extraction of assets by regular bulk households. At the same time, a threat-sharing network of “regulatory-platform-security agencies” is being promoted, which triggers an automatic freeze at the moment when illicit funds are remitted into a mainstream exchange, cutting off money-laundering routes from the source。

Conclusion: Compliance should not be at the expense of ecological neutrality and diaspora interests

The development of block chain technologies requires that we respond to the challenge with more intelligent and technology-intensive means. The simple “no-differentiated closure” and the “selective enforcement” of distributors may be the least costly to implement in the short term, but the damage to industry's ecological health and the confidence of the bulky is incalculable。

This controversy should not be confined to the discussion of a single event, but should be the wholeWeb3A turning point in upgrading industry compliance mechanisms. Only one set“Accurate, dynamic, transparent and subject to the protection of legitimate users”A modern compliance framework would allow the encrypted currency market to move towards mainstreaming。