{"id":1426,"date":"2025-07-22T14:39:29","date_gmt":"2025-07-22T06:39:29","guid":{"rendered":"http:\/\/www.design-suit.com\/?p=1426"},"modified":"2025-07-22T14:39:29","modified_gmt":"2025-07-22T06:39:29","slug":"%e8%8a%b1%e6%97%972%e4%b8%87%e5%ad%97%e7%a0%94%e6%8a%a5%ef%bc%9a%e7%a8%b3%e5%ae%9a%e5%b8%81%e7%9a%84gpt%e6%97%b6%e5%88%bb-panews","status":"publish","type":"post","link":"http:\/\/www.wancg.com\/?p=1426","title":{"rendered":"\u82b1\u65d72\u4e07\u5b57\u7814\u62a5\uff1a\u7a33\u5b9a\u5e01\u7684\u201cGPT\u65f6\u523b\u201d | PANews"},"content":{"rendered":"<p>\u6574\u7406 &amp; \u7f16\u8bd1\uff1aWeb3 \u5c0f\u5f8b<\/p>\n<p><img decoding=\"async\" style=\"margin-left: auto;margin-right: auto\" src=\"https:\/\/cdn-img.panewslab.com\/yijian\/2025\/4\/29\/images\/ca05e680b134b7947da1c57ca55ebcb8.png\" alt=\"\u82b1\u65d72\u4e07\u5b57\u7814\u62a5\uff1a\u7a33\u5b9a\u5e01\u7684\u201cGPT\u65f6\u523b\u201d\" \/><\/p>\n<p>\u516c\u5171\u533a\u5757\u94fe\u7f51\u7edc\u7684\u8d77\u6e90\u53ef\u4ee5\u8ffd\u6eaf\u5230 2008 \u5e74\u6bd4\u7279\u5e01\u767d\u76ae\u4e66\u7684\u53d1\u5e03\u4ee5\u53ca 2009 \u5e74\u521b\u4e16\u533a\u5757\u7684\u8bde\u751f\u3002\u7136\u800c\uff0c\u533a\u5757\u94fe\u7684\u6982\u5ff5\u57fa\u7840\u5b9e\u9645\u4e0a\u65e9\u5728 20 \u4e16\u7eaa 70 \u5e74\u4ee3\u4ee5\u6765\u7684\u51e0\u5341\u5e74\u95f4\u5c31\u5df2\u7ecf\u5f00\u59cb\u9010\u6b65\u6784\u5efa\u3002\u5c3d\u7ba1\u5982\u6b64\uff0c\u5230\u76ee\u524d\u4e3a\u6b62\uff0c\u533a\u5757\u94fe\u5728\u91d1\u878d\u548c\u516c\u5171\u90e8\u95e8\u7684\u5e94\u7528\u8303\u56f4\u4ecd\u7136\u76f8\u5bf9\u6709\u9650\u3002<\/p>\n<p>\u533a\u5757\u94fe\u7684\u5f00\u6e90\u548c\u53bb\u4e2d\u5fc3\u5316\u7279\u6027\u6839\u690d\u4e8e\u4e00\u4e2a\u6838\u5fc3\u7406\u5ff5\uff0c\u5373\u6570\u5b66\u548c\u4ee3\u7801\u80fd\u591f\u4fdd\u969c\u9690\u79c1\u548c\u81ea\u7531\u3002\u4ece\u5176\u5bc6\u7801\u670b\u514b\u7684\u8d77\u6e90\u6765\u770b\uff0c\u533a\u5757\u94fe\u4e0d\u4ec5\u4ec5\u662f\u6280\u672f\u5c42\u9762\u7684\u521b\u65b0\uff0c\u5b83\u8fd8\u5e26\u6709\u6d53\u539a\u7684\u653f\u6cbb\u8272\u5f69\uff0c\u672c\u8d28\u4e0a\u662f\u4e00\u79cd\u53cd\u5efa\u5236\u7684\u54f2\u5b66\u601d\u60f3\uff0c\u4ee3\u8868\u7740\u5bf9\u73b0\u6709\u673a\u6784\uff08\u65e0\u8bba\u662f\u94f6\u884c\u8fd8\u662f\u653f\u5e9c\uff09\u7684\u53cd\u5bf9\u7acb\u573a\u3002\u5bc6\u7801\u670b\u514b\u662f\u4e00\u7fa4\u5021\u5bfc\u5229\u7528\u52a0\u5bc6\u6280\u672f\u548c\u9690\u79c1\u589e\u5f3a\u6280\u672f\u6765\u63a8\u52a8\u793e\u4f1a\u548c\u653f\u6cbb\u53d8\u9769\u7684\u4eba\u3002<\/p>\n<p>\u516c\u94a5\u5bc6\u7801\u5b66\u6700\u65e9\u5728 20 \u4e16\u7eaa 70 \u5e74\u4ee3\u4e2d\u671f\u51fa\u73b0\uff0c\u800c\u54c8\u5e0c\u51fd\u6570\u548c Merkle \u6811\u5219\u5728 20 \u4e16\u7eaa 70 \u5e74\u4ee3\u672b\u8bde\u751f\u3002\u4e0e\u6b64\u540c\u65f6\uff0c\u73b0\u4ee3\u4e92\u8054\u7f51\u7684\u53d1\u5c55\u5386\u7a0b\u4e5f\u503c\u5f97\u5173\u6ce8\u300220 \u4e16\u7eaa 80 \u5e74\u4ee3\uff0cArpanet \u5f00\u59cb\u91c7\u7528 TCP\/IP \u534f\u8bae\uff0c\u800c\u5230\u4e86 20 \u4e16\u7eaa 90 \u5e74\u4ee3\u521d\uff0c\u4e07\u7ef4\u7f51\u6b63\u5f0f\u8bde\u751f\u3002\u7136\u800c\uff0c\u5728 20 \u4e16\u7eaa 90 \u5e74\u4ee3\u4e92\u8054\u7f51\u84ec\u52c3\u53d1\u5c55\u7684\u8fc7\u7a0b\u4e2d\uff0c\u5374\u7f3a\u5c11\u4e86\u201c\u6570\u5b57\u8d27\u5e01 Digital Money\u201d\u8fd9\u4e00\u91cd\u8981\u5143\u7d20\u3002<\/p>\n<p>2008 \u5e74\u53d1\u5e03\u7684\u6bd4\u7279\u5e01\u767d\u76ae\u4e66\u63d0\u51fa\u8981\u5efa\u7acb\u4e00\u4e2a\u201c\u70b9\u5bf9\u70b9\u7535\u5b50\u73b0\u91d1\u7cfb\u7edf\u201d\uff0c\u8fd9\u4e00\u7406\u5ff5\u5728\u968f\u540e\u7684\u51e0\u5e74\u91cc\u9010\u6e10\u5f97\u5230\u5b9e\u8df5\uff0c\u6bd4\u7279\u5e01\u7684\u4f7f\u7528\u91cf\u663e\u8457\u589e\u957f\u3002\u622a\u81f3 2025 \u5e74 4 \u6708\uff0c\u6bd4\u7279\u5e01\u4f9d\u7136\u662f\u52a0\u5bc6\u751f\u6001\u7cfb\u7edf\u4e2d\u5360\u636e\u4e3b\u5bfc\u5730\u4f4d\u7684\u52a0\u5bc6\u8d27\u5e01\u4e4b\u4e00\uff0c\u5e02\u573a\u4efd\u989d\u9ad8\u8fbe 64%\u3002<\/p>\n<p>\u8fdb\u5165 2020 \u5e74\u4ee3\uff0c\u56f4\u7ed5\u533a\u5757\u94fe\u7684\u53d9\u4e8b\u53d1\u751f\u4e86\u51e0\u4e4e 180 \u5ea6\u7684\u5927\u8f6c\u53d8\u3002\u66fe\u7ecf\u88ab\u53cd\u5efa\u5236\u7684\u8fd0\u52a8\u5982\u4eca\u5df2\u7ecf\u9010\u6e10\u8d70\u5411\u4e3b\u6d41\u3002\u5728 2023\u20142024 \u5e74\u95f4\uff0c\u201c\u73b0\u5b9e\u4e16\u754c\u8d44\u4ea7\u4ee3\u5e01\u5316\uff08RWA\uff09\u201d\u6210\u4e3a\u52a0\u5bc6\u751f\u6001\u7cfb\u7edf\u7684\u4e3b\u5bfc\u53d9\u4e8b\u4e4b\u4e00\u3002\u622a\u81f3 2025 \u5e74 3 \u6708\u5e95\uff0c\u6bd4\u7279\u5e01\u7684\u6700\u5927\u6301\u6709\u8005\u4e4b\u4e00\u662f\u7f8e\u56fd\u6bd4\u7279\u5e01 ETF \u57fa\u91d1\u3002\u6b64\u5916\uff0c\u5305\u62ec\u7f8e\u56fd\u653f\u5e9c\u5728\u5185\u7684\u5176\u4ed6\u7f8e\u56fd\u673a\u6784\u4e5f\u4f4d\u5217\u6bd4\u7279\u5e01\u5341\u5927\u6301\u6709\u8005\u4e4b\u5217\u30022025 \u5e74\uff0c\u5728\u7b2c 47 \u4efb\u7f8e\u56fd\u603b\u7edf\u5c31\u804c\u5178\u793c\u524d\u51e0\u5929\uff0c$TRUMP meme \u5e01\u5728 Solana \u533a\u5757\u94fe\u4e0a\u63a8\u51fa\u3002<\/p>\n<p>\u7a33\u5b9a\u5e01\u4f5c\u4e3a\u4e00\u79cd\u57fa\u4e8e\u533a\u5757\u94fe\u7f51\u7edc\u7684\u6570\u5b57\u8d27\u5e01\uff0c\u5177\u6709\u5de8\u5927\u7684\u53d1\u5c55\u6f5c\u529b\u3002\u8fd1\u5e74\u6765\uff0c\u7a33\u5b9a\u5e01\u7684\u4f7f\u7528\u91cf\u5df2\u7ecf\u5448\u73b0\u51fa\u5feb\u901f\u589e\u957f\u7684\u8d8b\u52bf\u3002\u9884\u8ba1\u5728 2025\u20142030 \u5e74\u95f4\uff0c\u968f\u7740\u76d1\u7ba1\u900f\u660e\u5ea6\u7684\u4e0d\u65ad\u63d0\u9ad8\uff08\u5c24\u5176\u662f\u5728\u7f8e\u56fd\uff09\uff0c\u7a33\u5b9a\u5e01\u7684\u4f7f\u7528\u91cf\u53ef\u80fd\u4f1a\u8fdb\u4e00\u6b65\u5927\u5e45\u589e\u957f\u3002<\/p>\n<p>\u6b64\u5916\uff0c\u516c\u94fe\u8fd8\u80fd\u591f\u5e26\u6765\u66f4\u9ad8\u7684\u900f\u660e\u5ea6\u548c\u589e\u5f3a\u7684\u4fe1\u4efb\u3002\u65e0\u8bba\u662f\u5bcc\u88d5\u56fd\u5bb6\u8fd8\u662f\u8d2b\u7a77\u56fd\u5bb6\uff0c\u516c\u5171\u673a\u6784\u90fd\u5728\u52aa\u529b\u63d0\u5347\u81ea\u8eab\u7684\u4fe1\u4efb\u6307\u6570\uff0c\u800c\u516c\u94fe\u7684\u8fd9\u4e9b\u7279\u6027\u6b63\u662f\u5b83\u4eec\u6240\u6025\u9700\u7684\u3002\u533a\u5757\u94fe\u7684\u91c7\u7528\u968f\u7740\u76d1\u7ba1\u7684\u6f14\u8fdb\uff0c\u4ee5\u53ca\u5bf9\u4e8e\u900f\u660e\u5ea6\u548c\u95ee\u8d23\u8bc9\u6c42\u4e0d\u65ad\u63a8\u8fdb\u3002<\/p>\n<p>\u4ee5\u4e0a\u5728 2025 \u5e74\u7684\u5f53\u4e0b\uff0c\u5bf9\u4e8e\u533a\u5757\u94fe\u5386\u53f2\u7684\u56de\u987e\uff0c\u90a3\u4e48\u6211\u4eec\u53c8\u8be5\u5982\u4f55\u5c55\u671b\u7a33\u5b9a\u5e01\u4ee5\u53ca\u533a\u5757\u94fe\u7684\u672a\u6765\u5462\uff1f\u82b1\u65d7 GPS \u6700\u65b0\u7684\u7814\u62a5\u300aDigital Dollars\u2014\u2014Banks and Public Sector Drive Blockchain Adoption\u300b\u6216\u8bb8\u7ed9\u51fa\u4e86\u7b54\u6848\uff0c\u91cd\u70b9\u5173\u6ce8\u4e24\u4e2a\u5173\u952e\u9886\u57df\uff1a\u65b0\u7684\u91d1\u878d\u5de5\u5177\uff08\u4f8b\u5982\u7a33\u5b9a\u5e01\uff09\uff0c\u4ee5\u53ca\u5bf9\u9057\u7559\u7cfb\u7edf\u7684\u73b0\u4ee3\u5316\u6539\u9020\u3002<\/p>\n<p>\u56e0\u6b64\uff0c\u6211\u4eec\u5bf9\u6b64\u8fdb\u884c\u4e86\u8f83\u4e3a\u8be6\u7ec6\u7684\u7f16\u8bd1\uff0c\u5176\u5bf9\u4e8e\u7a33\u5b9a\u5e01 GPT \u65f6\u523b\u7684\u8bba\u8ff0\u975e\u5e38\u503c\u5f97\u501f\u9274\u3002<\/p>\n<p>\u5de7\u7684\u662f\uff0c\u4e24\u5e74\u524d\u7684\u4e94\u4e00\uff0c\u6211\u4eec\u4e5f\u5728\u7f16\u8bd1\u82b1\u65d7 GPS \u7684\u300aMoney, Tokens, and Games\uff08Blockchain&#039;s Next Billion Users and Trillions in Value\uff09\u300b\u4e00\u6587\uff0c\u8be5\u6587\u7684\u526f\u6807\u9898\u662f Blockchain&#039;s Next Billion Users and Trillions in Value\u3002<\/p>\n<p>\u5728 2023 \u62a5\u544a\u4e2d\u82b1\u65d7\u9884\u6d4b\uff0c\u5230 2030 \u5e74\uff0cBillion Users \u6765\u81ea\uff1a\u8d27\u5e01\u3001\u793e\u4ea4\u3001\u6e38\u620f\u3002\u4ece 2025 \u5e74\u56de\u770b\uff0c\u9664\u4e86 SocialFi \u548c GameFi \u5f53\u65f6\u7684\u6619\u82b1\u4e00\u73b0\uff0c\u8fd9\u4e00\u7f3a\u53e3\u5c06\u7531\u6301\u6709\u52a0\u5bc6\u8d27\u5e01\u6216\u8005\u8bf4\u7a33\u5b9a\u5e01\u7684\u7528\u6237\u4eba\u7fa4\u6765\u586b\u8865\uff0c\u8fd9\u4e5f\u662f\u82b1\u65d7\u8fd9\u7bc7 2025 \u7a33\u5b9a\u5e01\u7814\u62a5\u7684\u7531\u6765\u3002<\/p>\n<p>\u5168\u6587 1.8 \u4e07\u5b57\uff0c\u4ee5\u4e0b enjoy\uff1a<\/p>\n<h3>Key Takeaways<\/h3>\n<p>1 \u5728\u76d1\u7ba1\u53d8\u9769\u7684\u63a8\u52a8\u4e0b\uff0c2025 \u5e74\u6709\u53ef\u80fd\u6210\u4e3a\u533a\u5757\u94fe\u5728\u91d1\u878d\u548c\u516c\u5171\u90e8\u95e8\u5e94\u7528\u7684\u201cChatGPT\u201d\u65f6\u523b\u3002<\/p>\n<p>2 \u5230 2030 \u5e74\uff0c\u7a33\u5b9a\u5e01\u7684\u603b\u6d41\u901a\u4f9b\u5e94\u91cf\u5728\u6211\u4eec\u9884\u671f\u7684\u57fa\u51c6\u60c5\u666f\u4e0b\u53ef\u80fd\u589e\u957f\u5230 1.6 \u4e07\u4ebf\u7f8e\u5143\uff0c\u5728\u6211\u4eec\u9884\u671f\u7684\u4e50\u89c2\u60c5\u666f\u4e0b\u53ef\u80fd\u589e\u957f\u5230 3.7 \u4e07\u4ebf\u7f8e\u5143\u3002\u5373\u4fbf\u5982\u6b64\uff0c\u5982\u679c\u5e94\u7528\u548c\u6574\u5408\u65b9\u9762\u7684\u6311\u6218\u6301\u7eed\u5b58\u5728\uff0c\u8fd9\u4e2a\u6570\u5b57\u53ef\u80fd\u63a5\u8fd1 5000 \u4ebf\u7f8e\u5143\u3002<\/p>\n<p>3 \u6211\u4eec\u9884\u8ba1\u7a33\u5b9a\u5e01\u7684\u4f9b\u5e94\u91cf\u4ecd\u5c06\u4ee5\u7f8e\u5143\u8ba1\u4ef7\uff08\u7ea6 90%\uff09\uff0c\u800c\u975e\u7f8e\u56fd\u56fd\u5bb6\u5c06\u63a8\u5e7f\u672c\u56fd\u8d27\u5e01\u7684\u4e2d\u592e\u94f6\u884c\u6570\u5b57\u8d27\u5e01 (CBDC)\u3002<\/p>\n<p>4 \u7f8e\u56fd\u7684\u7a33\u5b9a\u5e01\u76d1\u7ba1\u6846\u67b6\u53ef\u80fd\u4f1a\u63a8\u52a8\u5bf9\u7f8e\u56fd\u56fd\u503a\u7684\u51c0\u65b0\u589e\u9700\u6c42\uff0c\u4f7f\u7a33\u5b9a\u5e01\u53d1\u884c\u8005\u5230 2030 \u5e74\u6210\u4e3a\u7f8e\u56fd\u56fd\u503a\u7684\u6700\u5927\u6301\u6709\u8005\u4e4b\u4e00\u3002<\/p>\n<p>5 \u7a33\u5b9a\u5e01\u901a\u8fc7\u5b58\u6b3e\u66ff\u4ee3\u5bf9\u4f20\u7edf\u94f6\u884c\u751f\u6001\u7cfb\u7edf\u6784\u6210\u4e00\u5b9a\u5a01\u80c1\u3002\u4f46\u5b83\u4eec\u53ef\u80fd\u4f1a\u4e3a\u94f6\u884c\/\u91d1\u878d\u673a\u6784\u63d0\u4f9b\u65b0\u7684\u670d\u52a1\u673a\u4f1a\u3002<\/p>\n<p>6 \u516c\u5171\u90e8\u95e8\u5bf9\u533a\u5757\u94fe\u7684\u5e94\u7528\u4e5f\u65e5\u76ca\u53d7\u5230\u5173\u6ce8\uff0c\u8fd9\u5f97\u76ca\u4e8e\u5bf9\u516c\u5171\u652f\u51fa\u900f\u660e\u5ea6\u548c\u95ee\u8d23\u5236\u7684\u6301\u7eed\u5173\u6ce8\uff0c\u8fd9\u4f53\u73b0\u5728\u7f8e\u56fd\u653f\u5e9c\u7684 DOGE\uff08\u653f\u5e9c\u6548\u7387\u90e8\uff09\u5021\u8bae\u4ee5\u53ca\u5404\u56fd\u592e\u884c\u548c\u591a\u8fb9\u5f00\u53d1\u94f6\u884c\u7684\u533a\u5757\u94fe\u8bd5\u70b9\u9879\u76ee\u4e0a\u3002<\/p>\n<p>7 \u516c\u5171\u90e8\u95e8\u533a\u5757\u94fe\u7684\u4e3b\u8981\u7528\u4f8b\u5305\u62ec\uff1a\u652f\u51fa\u8ffd\u8e2a\u3001\u8865\u8d34\u53d1\u653e\u3001\u516c\u5171\u8bb0\u5f55\u7ba1\u7406\u3001\u4eba\u9053\u4e3b\u4e49\u63f4\u52a9\u6d3b\u52a8\u3001\u8d44\u4ea7\u4ee3\u5e01\u5316\u4ee5\u53ca\u6570\u5b57\u8eab\u4efd\u3002<\/p>\n<p>8 \u867d\u7136\u516c\u5171\u90e8\u95e8\u7684\u94fe\u4e0a\u4ea4\u6613\u91cf\u6700\u521d\u53ef\u80fd\u8f83\u5c0f\uff0c\u800c\u4e14\u98ce\u9669\u4ecd\u7136\u5f88\u9ad8\uff0c\u6311\u6218\u91cd\u91cd\uff0c\u4f46\u516c\u5171\u90e8\u95e8\u5174\u8da3\u7684\u589e\u52a0\u53ef\u80fd\u662f\u533a\u5757\u94fe\u66f4\u5e7f\u6cdb\u5e94\u7528\u7684\u91cd\u8981\u4fe1\u53f7\u3002<\/p>\n<p><img decoding=\"async\" style=\"margin-left: auto;margin-right: auto\" src=\"https:\/\/cdn-img.panewslab.com\/yijian\/2025\/4\/29\/images\/8f9470fa3abad9304edb3a4a5c0f35d8.png\" alt=\"\u82b1\u65d72\u4e07\u5b57\u7814\u62a5\uff1a\u7a33\u5b9a\u5e01\u7684\u201cGPT\u65f6\u523b\u201d\" \/><\/p>\n<h3>\u4e00\u3001\u533a\u5757\u94fe\u7684\u5927\u89c4\u6a21\u91c7\u7528\u4e3a\u4ec0\u4e48\u662f\u73b0\u5728\uff1f<\/h3>\n<p><img decoding=\"async\" style=\"margin-left: auto;margin-right: auto\" src=\"https:\/\/cdn-img.panewslab.com\/yijian\/2025\/4\/29\/images\/7edddfa7bfde5501bc6d25ee403ecc77.png\" alt=\"\u82b1\u65d72\u4e07\u5b57\u7814\u62a5\uff1a\u7a33\u5b9a\u5e01\u7684\u201cGPT\u65f6\u523b\u201d\" \/><\/p>\n<p>\u4e3a\u4ec0\u4e48\u8bf4 2025 \u5e74\u6709\u53ef\u80fd\u6210\u4e3a\u533a\u5757\u94fe\u5728\u91d1\u878d\u548c\u516c\u5171\u9886\u57df\u5e94\u7528\u7684\u201cChatGPT\u65f6\u523b\u201d\uff1f<\/p>\n<ul>\n<li>\u7f8e\u56fd\u76d1\u7ba1\u673a\u6784\u5bf9\u533a\u5757\u94fe\u7684\u652f\u6301\u6027\u7acb\u573a\u9884\u8ba1\u5c06\u6210\u4e3a\u6539\u53d8\u884c\u4e1a\u683c\u5c40\u7684\u4e00\u5e74\u3002\u8fd9\u53ef\u80fd\u4f1a\u5bfc\u81f4\u57fa\u4e8e\u533a\u5757\u94fe\u7684\u8d27\u5e01\u5f97\u5230\u66f4\u5e7f\u6cdb\u7684\u91c7\u7528\uff0c\u5e76\u523a\u6fc0\u7f8e\u56fd\u79c1\u8425\u548c\u516c\u5171\u90e8\u95e8\u5728\u91d1\u878d\u53ca\u5176\u4ed6\u9886\u57df\u51fa\u73b0\u5176\u4ed6\u7528\u4f8b\u3002<\/li>\n<li>\u53e6\u4e00\u4e2a\u6f5c\u5728\u7684\u50ac\u5316\u5242\u662f\u6301\u7eed\u5173\u6ce8\u516c\u5171\u652f\u51fa\u7684\u900f\u660e\u5ea6\u548c\u95ee\u8d23\u5236\u3002<\/li>\n<\/ul>\n<p>\u8fd9\u4e9b\u53d8\u5316\u5efa\u7acb\u5728\u8fc7\u53bb 12\u201415 \u4e2a\u6708\u7684\u53d1\u5c55\u4e4b\u4e0a\uff0c\u5305\u62ec\u6b27\u76df\u7684\u52a0\u5bc6\u8d44\u4ea7\u76d1\u7ba1\u5e02\u573a\uff08MiCA\uff09\u3001\u52a0\u5bc6\u8d27\u5e01 ETF \u53d1\u884c\u6240\u4f53\u73b0\u7684\u7528\u6237\u9700\u6c42\u589e\u957f\u3001\u52a0\u5bc6\u8d27\u5e01\u4ea4\u6613\u548c\u6258\u7ba1\u7684\u5236\u5ea6\u5316\uff0c\u4ee5\u53ca\u7f8e\u56fd\u653f\u5e9c\u5efa\u7acb\u6218\u7565\u6bd4\u7279\u5e01\u50a8\u5907\u3002<\/p>\n<p>\u867d\u7136\u94f6\u884c\u3001\u8d44\u4ea7\u7ba1\u7406\u516c\u53f8\u3001\u516c\u5171\u90e8\u95e8\u548c\u653f\u5e9c\u673a\u6784\u5bf9\u533a\u5757\u94fe\u7684\u53c2\u4e0e\u5ea6\u6709\u6240\u63d0\u9ad8\uff0c\u4f46\u5b83\u4eec\u4ecd\u843d\u540e\u4e8e\u4e00\u4e9b\u8f83\u4e3a\u4e50\u89c2\u7684\u9884\u671f\u3002\u73b0\u5b9e\u60c5\u51b5\u662f\uff1a\u6570\u5b57\u91d1\u878d\u5df2\u7ecf\u5b58\u5728\u4e8e\u6d88\u8d39\u8005\u548c\u673a\u6784\u91d1\u878d\u9886\u57df\uff0c\u5305\u62ec\u4e92\u8054\u7f51\u94f6\u884c\u8fd9\u4e9b\u4e13\u6709\u6570\u636e\u5e93\u548c\u4e2d\u5fc3\u5316\u7cfb\u7edf\u4e4b\u4e0a\u3002\u6211\u4eec\u73b0\u5728\u6b63\u770b\u5230\u4e92\u8054\u7f51\u539f\u751f\u6280\u672f\u3001\u8d27\u5e01\u4ee5\u53ca\u533a\u5757\u94fe\u548c\u6570\u5b57\u539f\u751f\u7528\u4f8b\u7684\u6b63\u5728\u52a0\u901f\u878d\u5408\u3002<\/p>\n<p>\u653f\u5e9c\u5bf9\u533a\u5757\u94fe\u7684\u91c7\u7528\u5206\u4e3a\u4e24\u7c7b\uff1a\u8d4b\u80fd\u65b0\u7684\u91d1\u878d\u5de5\u5177\u548c\u7cfb\u7edf\u73b0\u4ee3\u5316\u3002\u7cfb\u7edf\u901a\u8fc7\u6574\u5408\u5171\u4eab\u8d26\u672c\u8fdb\u884c\u5347\u7ea7\uff0c\u4ee5\u589e\u5f3a\u6570\u636e\u540c\u6b65\u3001\u900f\u660e\u5ea6\u548c\u6548\u7387\u3002<\/p>\n<p>\u7a33\u5b9a\u5e01\u76ee\u524d\u662f\u7f8e\u56fd\u56fd\u503a\u7684\u4e3b\u8981\u6301\u6709\u8005\uff0c\u5e76\u5f00\u59cb\u5f71\u54cd\u5168\u7403\u91d1\u878d\u6d41\u52a8\u3002\u7a33\u5b9a\u5e01\u7684\u65e5\u76ca\u666e\u53ca\u53cd\u6620\u4e86\u5bf9\u7f8e\u5143\u8ba1\u4ef7\u8d44\u4ea7\u7684\u6301\u7eed\u9700\u6c42\u3002<\/p>\n<p>Artem Korenyuk, Digital Assets \u2013 Client, Citi<\/p>\n<h4><strong>1.1 \u7a33\u5b9a\u5e01\u6b63\u5728\u5d1b\u8d77<\/strong><\/h4>\n<p>\u7a33\u5b9a\u5e01\u662f\u4e0e\u7a33\u5b9a\u8d44\u4ea7\uff08\u4f8b\u5982\u7f8e\u5143\uff09\u6302\u94a9\u7684\u52a0\u5bc6\u8d27\u5e01\uff0c\u63a8\u52a8\u5176\u83b7\u5f97\u66f4\u5e7f\u6cdb\u63a5\u53d7\u7684\u4e3b\u8981\u50ac\u5316\u5242\u53ef\u80fd\u662f\u7f8e\u56fd\u76d1\u7ba1\u7684\u660e\u786e\u6027\u3002\u8fd9\u53ef\u4ee5\u4f7f\u7a33\u5b9a\u5e01\u4ee5\u53ca\u533a\u5757\u94fe\uff08\u4ece\u66f4\u5e7f\u6cdb\u7684\u89d2\u5ea6\u6765\u770b\uff09\u66f4\u597d\u5730\u878d\u5165\u73b0\u6709\u91d1\u878d\u4f53\u7cfb\u3002<\/p>\n<p>\u9274\u4e8e\u7f8e\u5143\u5728\u56fd\u9645\u91d1\u878d\u4e2d\u7684\u4e3b\u5bfc\u5730\u4f4d\uff0c\u7f8e\u56fd\u5bf9\u4e8e\u7a33\u5b9a\u5e01\u7684\u53d8\u5316\u5c06\u5f71\u54cd\u66f4\u5e7f\u6cdb\u7684\u5168\u7403\u4f53\u7cfb\u3002<\/p>\n<p>\u7f8e\u56fd\u653f\u5e9c\u4f3c\u4e4e\u70ed\u8877\u4e8e\u4fc3\u8fdb\u5728\u5cb8\u6570\u5b57\u8d44\u4ea7\u884c\u4e1a\u7684\u53d1\u5c55\uff0c\u8fd9\u662f\u5176\u63d0\u5347\u521b\u65b0\u548c\u6548\u7387\u7684\u91cd\u70b9\u4e4b\u4e00\u30022025 \u5e74 1 \u6708\uff0c\u7f8e\u56fd\u603b\u7edf\u884c\u653f\u547d\u4ee4\u9898\u4e3a\u201c\u52a0\u5f3a\u7f8e\u56fd\u5728\u6570\u5b57\u91d1\u878d\u6280\u672f\u9886\u57df\u7684\u9886\u5bfc\u5730\u4f4d\u201d\uff0c\u6210\u7acb\u4e86\u4e00\u4e2a\u6570\u5b57\u8d44\u4ea7\u5de5\u4f5c\u7ec4\uff0c\u8d1f\u8d23\u4e3a\u8be5\u884c\u4e1a\u5236\u5b9a\u8054\u90a6\u76d1\u7ba1\u6846\u67b6\u3002<\/p>\n<p>\u5728\u76d1\u7ba1\u53cb\u597d\u7684\u80cc\u666f\u4e0b\uff0c\u6570\u5b57\u8d44\u4ea7\u4e0e\u73b0\u6709\u91d1\u878d\u673a\u6784\u65e5\u76ca\u878d\u5408\uff0c\u4e3a\u7a33\u5b9a\u5e01\u7684\u4f7f\u7528\u91cf\u589e\u957f\u5960\u5b9a\u4e86\u57fa\u7840\uff0c\u65b0\u5174\u5e02\u573a\u548c\u524d\u6cbf\u5e02\u573a\u5bf9\u7f8e\u5143\u7684\u9700\u6c42\u7b49\u5b8f\u89c2\u7ecf\u6d4e\u56e0\u7d20\u4e5f\u8fdb\u4e00\u6b65\u652f\u6491\u4e86\u8fd9\u4e00\u8d8b\u52bf\u3002<\/p>\n<p>\u6839\u636e DefiLlama \u6570\u636e\uff0c\u622a\u81f3 2025 \u5e74 3 \u6708\u5e95\uff0c\u7a33\u5b9a\u5e01\u7684\u603b\u4ef7\u503c\u8d85\u8fc7 2300 \u4ebf\u7f8e\u5143\uff0c\u662f\u4e94\u5e74\u524d\u7684 30 \u500d\u3002\u8fd9\u5728\u4e00\u5b9a\u7a0b\u5ea6\u4e0a\u53cd\u6620\u4e86\u52a0\u5bc6\u8d27\u5e01\u603b\u4ef7\u503c\u7684\u589e\u957f\uff08\u622a\u81f3 2025 \u5e74 3 \u6708\u5e95\u7684\u4e94\u5e74\u5185\u589e\u957f\u4e86 1400%\uff09\u4ee5\u53ca\u673a\u6784\u9700\u6c42\u7684\u589e\u957f\u3002\u6211\u4eec\u5206\u6790\u8868\u660e\uff0c\u5728\u57fa\u51c6\u60c5\u5f62\u4e0b\uff0c\u7a33\u5b9a\u5e01\u7684\u603b\u4f9b\u5e94\u91cf\u53ef\u80fd\u8fbe\u5230 1.6 \u4e07\u4ebf\u7f8e\u5143\uff0c\u718a\u5e02\u548c\u725b\u5e02\u60c5\u666f\u5206\u522b\u8fbe\u5230\u7ea6 0.5 \u4e07\u4ebf\u7f8e\u5143\u81f3 3.7 \u4e07\u4ebf\u7f8e\u5143\u3002<\/p>\n<p>\u7f8e\u56fd\u56fd\u503a\u9700\u6c42\uff1a\u5efa\u7acb\u7f8e\u56fd\u7a33\u5b9a\u5e01\u76d1\u7ba1\u6846\u67b6\u5c06\u652f\u6301\u7f8e\u56fd\u5883\u5185\u5916\u5bf9\u7f8e\u5143\u65e0\u98ce\u9669\u8d44\u4ea7\u7684\u9700\u6c42\u3002\u7a33\u5b9a\u5e01\u53d1\u884c\u8005\u5fc5\u987b\u8d2d\u4e70\u7f8e\u56fd\u56fd\u503a\u6216\u7c7b\u4f3c\u7684\u4f4e\u98ce\u9669\u8d44\u4ea7\uff0c\u4ee5\u6b64\u4f5c\u4e3a\u8861\u91cf\u5176\u62e5\u6709\u5b89\u5168\u57fa\u7840\u62b5\u62bc\u54c1\u7684\u6307\u6807\u3002\u5728\u57fa\u51c6\u60c5\u5f62\u4e0b\uff0c\u6211\u4eec\u9884\u8ba1\u7f8e\u56fd\u56fd\u503a\u8d2d\u4e70\u91cf\u5c06\u8d85\u8fc7 1 \u4e07\u4ebf\u7f8e\u5143\u3002\u5230 2030 \u5e74\uff0c\u7a33\u5b9a\u5e01\u53d1\u884c\u8005\u6301\u6709\u7684\u7f8e\u56fd\u56fd\u503a\u6570\u91cf\u53ef\u80fd\u8d85\u8fc7\u76ee\u524d\u4efb\u4f55\u4e00\u4e2a\u53f8\u6cd5\u7ba1\u8f96\u533a\u7684\u603b\u91cf\u3002<\/p>\n<p><img decoding=\"async\" style=\"margin-left: auto;margin-right: auto\" src=\"https:\/\/cdn-img.panewslab.com\/yijian\/2025\/4\/29\/images\/e0b67fc8f85af3500c18f8b5ac3e104c.png\" alt=\"\u82b1\u65d72\u4e07\u5b57\u7814\u62a5\uff1a\u7a33\u5b9a\u5e01\u7684\u201cGPT\u65f6\u523b\u201d\" \/><\/p>\n<h4><strong>1.2 \u672a\u6765\u6311\u6218<\/strong><\/h4>\n<p>\u7a33\u5b9a\u5e01\u7684\u53d1\u5c55\u4e5f\u9762\u4e34\u963b\u529b\u548c\u6311\u6218\u3002\u867d\u7136\u7f8e\u5143\u7684\u4e3b\u5bfc\u5730\u4f4d\u53ef\u80fd\u4f1a\u968f\u7740\u65f6\u95f4\u7684\u63a8\u79fb\u800c\u6f14\u53d8\uff0c\u6b27\u5143\u6216\u5176\u4ed6\u8d27\u5e01\u4f1a\u53d7\u5230\u5404\u56fd\u6cd5\u89c4\u7684\u63a8\u52a8\uff0c\u4f46\u8bb8\u591a\u975e\u7f8e\u56fd\u653f\u7b56\u5236\u5b9a\u8005\u53ef\u80fd\u4f1a\u5c06\u7a33\u5b9a\u5e01\u89c6\u4e3a\u7f8e\u5143\u9738\u6743\u7684\u5de5\u5177\u3002<\/p>\n<p>\u533a\u5757\u94fe\u7684\u76ee\u6807\u662f\u4f7f\u8d27\u5e01\u6d41\u52a8\u4e0e\u4e92\u8054\u7f51\u548c\u5168\u7403\u5546\u4e1a\u7684\u901f\u5ea6\u4fdd\u6301\u4e00\u81f4\u3002\u7a33\u5b9a\u5e01\u53ef\u4ee5\u6210\u4e3a\u5b9e\u73b0\u8fd9\u4e00\u76ee\u6807\u7684\u5173\u952e\u5de5\u5177\u3002\u7b2c\u4e00\u6b65\u662f\u7acb\u6cd5\u548c\u76d1\u7ba1\u7684\u660e\u786e\u6027\u3002\u6b64\u5916\uff0c\u8fd8\u9700\u8981\u6709\u6cd5\u5f8b\u4fdd\u969c\u63aa\u65bd\u3002<\/p>\n<p>Ryan Rugg, Digital Assets \u2013 Services, Citi<\/p>\n<p><strong>\u5730\u7f18\u653f\u6cbb\u5f62\u52bf\u4f9d\u7136\u52a8\u8361\u3002\u5982\u679c\u4e16\u754c\u7ee7\u7eed\u8d70\u5411\u591a\u6781\u5316\u4f53\u7cfb\uff0c\u4e2d\u56fd\u548c\u6b27\u6d32\u7684\u653f\u7b56\u5236\u5b9a\u8005\u5f88\u53ef\u80fd\u4f1a\u70ed\u8877\u4e8e\u63a8\u52a8\u592e\u884c\u6570\u5b57\u8d27\u5e01 (CBDC) \u6216\u4ee5\u672c\u56fd\u8d27\u5e01\u53d1\u884c\u7684\u7a33\u5b9a\u5e01\u3002\u65b0\u5174\u5e02\u573a\u548c\u524d\u6cbf\u5e02\u573a\u7684\u653f\u7b56\u5236\u5b9a\u8005\u4e5f\u5c06\u5bf9\u7f8e\u5143\u5316\u5e26\u6765\u7684\u672c\u5730\u98ce\u9669\u4fdd\u6301\u8b66\u60d5\u3002<\/strong><\/p>\n<p>\u7a33\u5b9a\u5e01\u548c\u592e\u884c\u6570\u5b57\u8d27\u5e01\uff08CBDC\uff09\u90fd\u662f\u521b\u5efa\u6570\u5b57\u8d27\u5e01\u7684\u5c1d\u8bd5\uff0c\u4f46\u5b83\u4eec\u5728\u6280\u672f\u67b6\u6784\u548c\u6cbb\u7406\u65b9\u9762\u6709\u6240\u4e0d\u540c\u3002CBDC \u7684\u53d1\u884c\u8005\u662f\u4e2d\u592e\u94f6\u884c\uff0c\u800c\u79c1\u4eba\u5b9e\u4f53\u53ef\u4ee5\u53d1\u884c\u7a33\u5b9a\u5e01\u3002CBDC \u901a\u5e38\u53d7\u5230\u533a\u5757\u94fe\u539f\u7406\u7684\u542f\u53d1\uff0c\u4f46\u5e76\u975e\u57fa\u4e8e\u516c\u94fe\u3002\u9274\u4e8e\u6279\u53d1\u548c\u91d1\u878d\u4ea4\u6613\u5bf9\u7f8e\u5143\u7684\u9700\u6c42\uff0c\u5c24\u5176\u662f\u8d27\u5e01\u6ce2\u52a8\u8f83\u5927\u7684\u53f8\u6cd5\u7ba1\u8f96\u533a\u5bf9\u7f8e\u5143\u7684\u9700\u6c42\uff0c\u7a33\u5b9a\u5e01\u53ef\u80fd\u626e\u6f14\u6b27\u6d32\u7f8e\u5143 2.0 \u7684\u89d2\u8272\u3002<\/p>\n<p>\u56e0\u6b64\uff0c\u6211\u4eec\u9884\u8ba1\u672a\u6765\u51e0\u5e74\u7a33\u5b9a\u5e01\u5e02\u573a\u4ecd\u5c06\u4ee5\u7f8e\u5143\u4e3a\u4e3b\u3002\u5728\u57fa\u51c6\u60c5\u5f62\u4e0b\uff0c\u6211\u4eec\u9884\u8ba1 2030 \u5e74\u7a33\u5b9a\u5e01\u4f9b\u5e94\u91cf\u7ea6 90% \u5c06\u4ee5\u7f8e\u5143\u8ba1\u4ef7\uff0c\u5c3d\u7ba1\u4f4e\u4e8e\u76ee\u524d\u7684\u8fd1 100%\u3002<\/p>\n<p>\u7a33\u5b9a\u5e01\u5b58\u5728\u6324\u5151\u98ce\u9669\uff0c\u5e76\u53ef\u80fd\u5f15\u53d1\u8513\u5ef6\u6548\u5e94\u30022023 \u5e74\uff0c\u7a33\u5b9a\u5e01\u8131\u94a9\u7ea6 1900 \u6b21\uff0c\u5176\u4e2d\u7ea6 600 \u6b21\u4e3a\u5927\u578b\u7a33\u5b9a\u5e01\u3002\u5927\u89c4\u6a21\u8131\u94a9\u4e8b\u4ef6\u53ef\u80fd\u4f1a\u6291\u5236\u52a0\u5bc6\u5e02\u573a\u7684\u6d41\u52a8\u6027\uff0c\u89e6\u53d1\u81ea\u52a8\u6e05\u7b97\uff0c\u524a\u5f31\u4ea4\u6613\u5e73\u53f0\u7684\u8d4e\u56de\u80fd\u529b\uff0c\u5e76\u53ef\u80fd\u5bf9\u91d1\u878d\u4f53\u7cfb\u4ea7\u751f\u66f4\u5e7f\u6cdb\u7684\u8513\u5ef6\u6548\u5e94\u3002\u4f8b\u5982\uff0c2023 \u5e74 3 \u6708\uff0c\u7845\u8c37\u94f6\u884c\u5012\u95ed\u7684\u6d88\u606f\u5f15\u53d1\u4e86 USDC \u7684\u5927\u89c4\u6a21\u8d4e\u56de\u3002<\/p>\n<p>Galaxy Digital \u6700\u8fd1\u7684\u4e00\u4efd\u62a5\u544a\u6307\u51fa\uff0cTether \u63d0\u4f9b\u4e86\u7ea6 80 \u4ebf\u7f8e\u5143\u7684\u8d44\u91d1\uff0c\u7ea6\u5360\u52a0\u5bc6\u501f\u8d37\u4e1a\u52a1\u603b\u989d\u7684 25%\uff0c\u5e76\u6307\u51fa\u5982\u679c Tether \u4f7f\u7528\u50a8\u6237\u7684\u8d44\u91d1\u53d1\u653e\u8fd9\u4e9b\u8d37\u6b3e\uff0c\u201c\u5219\u8fdd\u53cd\u4e86\u90e8\u5206\u94f6\u884c\u5236\u5ea6\uff0c\u5e76\u5c06\u9762\u4e34\u4e25\u91cd\u7684\u7cfb\u7edf\u6027\u98ce\u9669\u201d\u3002<\/p>\n<p><img decoding=\"async\" style=\"margin-left: auto;margin-right: auto\" src=\"https:\/\/cdn-img.panewslab.com\/yijian\/2025\/4\/29\/images\/0052cc92bd6252925e50ce8f1b12232f.png\" alt=\"\u82b1\u65d72\u4e07\u5b57\u7814\u62a5\uff1a\u7a33\u5b9a\u5e01\u7684\u201cGPT\u65f6\u523b\u201d\" \/><\/p>\n<p>\u6ce8\uff1a\u4ee3\u5e01\u5316\u5b58\u6b3e\u662f\u5546\u4e1a\u5b58\u6b3e\u7684\u4ee3\u5e01\u5316\u8868\u793a\uff0c\u6bcf\u4e2a\u4ee3\u5e01\u90fd\u7531\u96f6\u552e\u6216\u673a\u6784\u5b58\u6b3e\u652f\u6301\u3002\u5b58\u6b3e\u4ee3\u5e01\u662f\u533a\u5757\u94fe\u4e0a\u7684\u539f\u751f\u4ee3\u5e01\uff0c\u4ee5\u4ee3\u5e01\u5f62\u5f0f\u76f4\u63a5\u4ee3\u8868\u96f6\u552e\u6216\u673a\u6784\u5b58\u6b3e\u3002\u8fc4\u4eca\u4e3a\u6b62\uff0c\u5927\u591a\u6570\u94f6\u884c\u9879\u76ee\u90fd\u53ef\u4ee5\u5f52\u7c7b\u4e3a\u201c\u4ee3\u5e01\u5316\u5b58\u6b3e\u201d\u3002\u5b58\u6b3e\u4ee3\u5e01\u5927\u591a\u5904\u4e8e\u8bd5\u70b9\u6216\u65e9\u671f\u9636\u6bb5\uff0c\u4f8b\u5982 Guardian \u9879\u76ee\u3001\u53d7\u76d1\u7ba1\u8d23\u4efb\u7f51\u7edc (RLN) \u6216 Helvetia \u9879\u76ee\u3002<\/p>\n<h4><strong>1.3 \u516c\u5171\u90e8\u95e8\u9700\u8981\u533a\u5757\u94fe\u5417\uff1f<\/strong><\/h4>\n<p>\u4fe1\u4efb\u548c\u900f\u660e\u5ea6\u5bf9\u4e8e\u7ef4\u62a4\u516c\u4f17\u5bf9\u653f\u5e9c\u548c\u673a\u6784\u7684\u652f\u6301\u81f3\u5173\u91cd\u8981\u3002<\/p>\n<p>\u4fe1\u4efb\u662f\u653f\u5e9c\u7684\u65b0\u8d27\u5e01\uff0c\u4ed6\u4eec\u9700\u8981\u4e0e\u516c\u6c11\u5efa\u7acb\u4fe1\u5fc3\u548c\u4fe1\u4efb\u3002\u653f\u5e9c\u53ef\u4ee5\u7ee7\u7eed\u4f7f\u7528\u4e2d\u5fc3\u5316\u6570\u636e\u5e93\u548c\u4f20\u7edf\u8f6f\u4ef6\u89e3\u51b3\u65b9\u6848\uff0c\u4f46\u53ef\u80fd\u4f1a\u9519\u8fc7\u533a\u5757\u94fe\u5e26\u6765\u7684\u6839\u672c\u6027\u53d8\u9769\u3002<\/p>\n<p>Saqr Ereiqa, Secretary General, Dubai Digital Asset Association<\/p>\n<p>\u533a\u5757\u94fe\u5f15\u5165\u4e86\u4e00\u79cd\u57fa\u4e8e\u4fe1\u4efb\u7684\u53bb\u4e2d\u5fc3\u5316\u516c\u5171\u90e8\u95e8\u6570\u636e\u7ba1\u7406\u65b9\u6cd5\u3002\u4f20\u7edf\u7cfb\u7edf\u7684\u4fe1\u4efb\u6e90\u4e8e\u6743\u5a01\u673a\u6784\u2014\u2014\u4f8b\u5982\u653f\u5e9c\u9a8c\u8bc1\u81ea\u8eab\u8bb0\u5f55\u2014\u2014\u800c\u533a\u5757\u94fe\u5219\u5141\u8bb8\u52a0\u5bc6\u771f\u5b9e\u6027\u8bc1\u660e\u3002\u4fe1\u4efb\u690d\u6839\u4e8e\u6280\u672f\u672c\u8eab\u3002<\/p>\n<p>\u533a\u5757\u94fe\u7684\u4e0d\u53ef\u7be1\u6539\u6027\u786e\u4fdd\u4fe1\u606f\u4e00\u65e6\u8bb0\u5f55\u5c31\u65e0\u6cd5\u66f4\u6539\uff0c\u4ece\u800c\u4e3a\u654f\u611f\u516c\u5171\u6570\u636e\uff08\u4f8b\u5982\u571f\u5730\u767b\u8bb0\u3001\u6295\u7968\u7cfb\u7edf\u548c\u91d1\u878d\u4ea4\u6613\uff09\u63d0\u4f9b\u9632\u7be1\u6539\u8bb0\u5f55\u3002\u867d\u7136\u5176\u4ed6\u6280\u672f\u4e5f\u80fd\u5b9e\u73b0\u4e0d\u53ef\u7be1\u6539\uff0c\u4f46\u5b83\u4eec\u901a\u5e38\u9700\u8981\u53ef\u4fe1\u65b9\u6765\u6267\u884c\u3002<\/p>\n<p>\u8de8\u5883\u6d3b\u52a8\uff0c\u5c24\u5176\u662f\u901a\u8fc7\u4e16\u754c\u94f6\u884c\u7b49\u673a\u6784\u6216\u4eba\u9053\u4e3b\u4e49\u63f4\u52a9\u9879\u76ee\u652f\u4ed8\u56fd\u9645\u8d44\u91d1\uff0c\u662f\u533a\u5757\u94fe\u7684\u91cd\u8981\u7528\u4f8b\u3002\u56fd\u9645\u8d44\u91d1\u6d41\u52a8\u53ef\u80fd\u4e0d\u900f\u660e\uff0c\u96be\u4ee5\u6709\u6548\u9a8c\u8bc1\u8d44\u6e90\u662f\u5426\u5230\u8fbe\u9884\u671f\u63a5\u6536\u8005\u3002\u533a\u5757\u94fe\u53ef\u4ee5\u4e3a\u590d\u6742\u7684\u4ea4\u6613\u63d0\u4f9b\u900f\u660e\u5ea6\uff0c\u5373\u4f7f\u5728\u91d1\u878d\u673a\u6784\u8fd0\u4f5c\u4e0d\u7545\u7684\u504f\u8fdc\u6216\u4e0d\u7a33\u5b9a\u5730\u533a\u4e5f\u662f\u5982\u6b64\u3002<\/p>\n<p>\u5728\u4e00\u4e2a\u7b80\u5355\u7684\u6570\u636e\u5e93\u5c31\u8db3\u4ee5\u6ee1\u8db3\u9700\u6c42\u7684\u60c5\u51b5\u4e0b\u6784\u5efa\u533a\u5757\u94fe\uff0c\u5c31\u50cf\u5f00\u7740\u6cd5\u62c9\u5229\u53bb\u8857\u89d2\u5546\u5e97\u4e00\u6837\u2014\u2014\u6602\u8d35\u3001\u4f4e\u6548\u4e14\u6beb\u65e0\u5fc5\u8981\u3002\u5982\u679c\u6240\u6709\u8f93\u5165\u548c\u8f93\u51fa\u90fd\u7531\u4e00\u4e2a\u5b9e\u4f53\u63a7\u5236\uff0c\u533a\u5757\u94fe\u5c31\u6ca1\u6709\u4efb\u4f55\u771f\u6b63\u7684\u4f18\u52bf\u3002\u5b83\u7684\u771f\u6b63\u4ef7\u503c\u53ea\u6709\u5728\u9700\u8981\u53bb\u4fe1\u4efb\u7684\u4ef7\u503c\u4ea4\u6362\u65f6\u624d\u4f1a\u663e\u73b0\u3002<\/p>\n<p>Artem Korenyuk, Digital Assets \u2013 Client, Citi<\/p>\n<h4><strong>1.4 \u4e13\u5bb6\u89c2\u70b9<\/strong><\/h4>\n<p>A. \u6570\u5b57\u4fe1\u4efb\u9769\u547d<\/p>\n<p>Siim Sikkut \u66fe\u4efb\u7231\u6c99\u5c3c\u4e9a\u653f\u5e9c\u9996\u5e2d\u4fe1\u606f\u5b98\uff082017-2022\uff09\uff0c\u73b0\u62c5\u4efb\u7231\u6c99\u5c3c\u4e9a\u603b\u7edf\u6570\u5b57\u987e\u95ee\u59d4\u5458\u4f1a\u6210\u5458\u3002\u4ed6\u4e5f\u662f Digital Nation \u7684\u6267\u884c\u5408\u4f19\u4eba\u3002<\/p>\n<p>\u95ee\uff1a\u662f\u4ec0\u4e48\u4fc3\u4f7f\u7231\u6c99\u5c3c\u4e9a\u91c7\u7528\u533a\u5757\u94fe\uff1f<\/p>\n<p>\u7231\u6c99\u5c3c\u4e9a\u7684\u6570\u5b57\u5316\u8f6c\u578b\u6e90\u4e8e\u73b0\u5b9e\u9700\u6c42\u3002\u4f5c\u4e3a\u4e00\u4e2a\u4eba\u53e3\u4ec5\u7565\u8d85\u767e\u4e07\u7684\u5c0f\u56fd\uff0c\u6548\u7387\u548c\u751f\u4ea7\u529b\u81f3\u5173\u91cd\u8981\u300220 \u4e16\u7eaa 90 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21 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\u6574\u4f53\u6570\u5b57\u653f\u7b56<\/p>\n<p>Julie Monaco \u662f\u82b1\u65d7\u94f6\u884c\u516c\u5171\u90e8\u95e8\u94f6\u884c\u4e1a\u52a1\u5168\u7403\u4e3b\u7ba1\u3002<\/p>\n<p>\u95ee\uff1a\u6210\u529f\u7684\u56fd\u5bb6\u6570\u5b57\u653f\u7b56\u662f\u4ec0\u4e48\u6837\u7684\uff1f<\/p>\n<p>\u6210\u529f\u7684\u56fd\u5bb6\u6570\u5b57\u653f\u7b56\u4e0d\u4ec5\u4ec5\u5173\u4e4e\u6280\u672f\uff0c\u66f4\u5173\u4e4e\u613f\u666f\u548c\u76ee\u6807\u3002\u5b83\u59cb\u4e8e\u5927\u80c6\u7684\u9886\u5bfc\u529b\u548c\u5bf9\u6784\u5efa\u5305\u5bb9\u6027\u3001\u4ee5\u4eba\u4e3a\u672c\u7684\u6570\u5b57\u7ecf\u6d4e\u7684\u627f\u8bfa\u3002\u6388\u6743\u6570\u5b57\u6c99\u7687\u534f\u8c03\u4eba\u5de5\u667a\u80fd\u3001\u6570\u636e\u9690\u79c1\u548c\u7f51\u7edc\u5b89\u5168\u65b9\u9762\u7684\u4f18\u5148\u4e8b\u9879\u662f\u5173\u952e\u3002<\/p>\n<p>\u636e\u4f30\u8ba1\uff0c\u5bf9\u6570\u5b57\u8eab\u4efd\u8bc6\u522b\u7cfb\u7edf\u7684\u6218\u7565\u6027\u6295\u8d44\u53ef\u4ee5\u4e3a 17 \u4ebf\u4eba\u89e3\u9501\u8bbf\u95ee\u6743\u9650\uff0c\u8282\u7701 1100 \u4ebf\u5c0f\u65f6\u7684\u52b3\u52a8\u65f6\u95f4\uff0c\u5e76\u589e\u52a0\u65b0\u5174\u5e02\u573a GDP \u7684 6%\u3002\u636e Juniper Research \u79f0\uff0c\u5168\u7403\u5df2\u6709 36 \u4ebf\u4eba\u6ce8\u518c\uff0c\u52bf\u5934\u5f3a\u52b2\u3002\u7231\u6c99\u5c3c\u4e9a\u3001\u5370\u5ea6\u548c\u65b0\u52a0\u5761\u7b49\u56fd\u5bb6\u5c55\u793a\u4e86\u653f\u7b56\u5f15\u9886\u521b\u65b0\u6240\u80fd\u5e26\u6765\u7684\u65e0\u9650\u53ef\u80fd\u3002<\/p>\n<p>\u95ee\uff1a\u533a\u5757\u94fe\u4f5c\u4e3a\u6210\u529f\u7684\u6570\u5b57\u653f\u7b56\u7684\u4e00\u90e8\u5206\uff0c\u5728\u5b9e\u73b0\u95ee\u8d23\u5236\u3001\u900f\u660e\u5ea6\u548c\u6548\u7387\u65b9\u9762\u5e94\u8be5\u53d1\u6325\u4ec0\u4e48\u4f5c\u7528\uff1f<\/p>\n<p>\u533a\u5757\u94fe\u5728\u6210\u529f\u7684\u6570\u5b57\u653f\u7b56\u4e2d\u7edd\u5bf9\u53ef\u4ee5\u53d1\u6325\u4f5c\u7528\uff0c\u5c24\u5176\u662f\u5728\u52a0\u5f3a\u95ee\u8d23\u5236\u3001\u900f\u660e\u5ea6\u548c\u6548\u7387\u65b9\u9762\u3002\u5b83\u80fd\u591f\u521b\u5efa\u4e0d\u53ef\u7be1\u6539\u7684\u8bb0\u5f55\u5e76\u901a\u8fc7\u667a\u80fd\u5408\u7ea6\u5b9e\u73b0\u5ba1\u8ba1\u8ddf\u8e2a\u81ea\u52a8\u5316\uff0c\u4ece\u800c\u6709\u53ef\u80fd\u51cf\u5c11\u6b3a\u8bc8\u3001\u6539\u5584\u76d1\u7ba1\u5e76\u5efa\u7acb\u5bf9\u516c\u5171\u7cfb\u7edf\u7684\u4fe1\u4efb\u3002\u5728\u6548\u7387\u65b9\u9762\uff0c\u5b83\u53ef\u4ee5\u901a\u8fc7\u51cf\u5c11\u5b98\u50da\u4e3b\u4e49\u6765\u7b80\u5316\u7a0e\u6536\u6216\u798f\u5229\u5206\u914d\u7b49\u670d\u52a1\u3002<\/p>\n<p>\u4f46\u5b83\u5e76\u975e\u7075\u4e39\u5999\u836f\uff0c\u4f46\u5982\u679c\u8fd0\u7528\u5f97\u5f53\uff0c\u533a\u5757\u94fe\u53ef\u4ee5\u6210\u4e3a\u5e2e\u52a9\u653f\u5e9c\u4ee5\u66f4\u9ad8\u7684\u8bda\u4fe1\u5ea6\u3001\u54cd\u5e94\u80fd\u529b\u548c\u6548\u7387\u8fd0\u4f5c\u7684\u6709\u529b\u5de5\u5177\u3002<\/p>\n<h3>\u4e8c\u3001\u7a33\u5b9a\u5e01\u7684 GPT \u65f6\u523b<\/h3>\n<p><img decoding=\"async\" style=\"margin-left: auto;margin-right: auto\" src=\"https:\/\/cdn-img.panewslab.com\/yijian\/2025\/4\/29\/images\/50182791a3eef61cfef419f785d4fc34.png\" alt=\"\u82b1\u65d72\u4e07\u5b57\u7814\u62a5\uff1a\u7a33\u5b9a\u5e01\u7684\u201cGPT\u65f6\u523b\u201d\" \/><\/p>\n<h4><strong>2.1 \u7a33\u5b9a\u5e01\u5982\u4f55\u8fd0\u4f5c\uff1f<\/strong><\/h4>\n<p>\u7a33\u5b9a\u5e01\u662f\u4e00\u79cd\u52a0\u5bc6\u8d27\u5e01\uff0c\u65e8\u5728\u901a\u8fc7\u5c06\u5176\u5e02\u573a\u4ef7\u503c\u4e0e\u5e95\u5c42\u8d44\u4ea7\u6302\u94a9\uff0c\u4ee5\u7a33\u5b9a\u5176\u4ef7\u503c\u3002\u5e95\u5c42\u8d44\u4ea7\u53ef\u4ee5\u662f\u6cd5\u5b9a\u8d27\u5e01\uff08\u4f8b\u5982\u7f8e\u5143\uff09\u3001\u5546\u54c1\uff08\u4f8b\u5982\u9ec4\u91d1\uff09\u6216\u4e00\u7bee\u5b50\u91d1\u878d\u5de5\u5177\u3002<\/p>\n<p>\u7a33\u5b9a\u5e01\u751f\u6001\u7684\u5173\u952e\u7ec4\u6210\u90e8\u5206\u5305\u62ec\uff1a<\/p>\n<ul>\n<li>\u7a33\u5b9a\u5e01\u53d1\u884c\u4eba\uff1a\u53d1\u884c\u7a33\u5b9a\u5e01\u7684\u5b9e\u4f53\uff0c\u5e76\u8d1f\u8d23\u7ba1\u7406\u5176\u5e95\u5c42\u8d44\u4ea7\uff0c\u901a\u5e38\u6301\u6709\u4e0e\u57fa\u7840\u8d44\u4ea7\u4e2d\u7a33\u5b9a\u5e01\u6d41\u901a\u4f9b\u5e94\u91cf\u7b49\u503c\u7684\u4ef7\u503c\u3002<\/li>\n<li>\u533a\u5757\u94fe\u8d26\u672c\uff1a\u7a33\u5b9a\u5e01\u5411\u516c\u4f17\u53d1\u884c\u540e\uff0c\u4ea4\u6613\u5c06\u88ab\u8bb0\u5f55\u5728\u533a\u5757\u94fe\u8d26\u672c\u4e0a\u3002\u8be5\u8d26\u672c\u901a\u8fc7\u8ffd\u8e2a\u7a33\u5b9a\u5e01\u5728\u7528\u6237\u4e4b\u95f4\u7684\u6240\u6709\u6743\u548c\u6d41\u52a8\u60c5\u51b5\uff0c\u63d0\u4f9b\u900f\u660e\u5ea6\u548c\u5b89\u5168\u6027\u3002<\/li>\n<li>\u50a8\u5907\u548c\u62b5\u62bc\uff1a\u50a8\u5907\u786e\u4fdd\u6bcf\u4e2a\u4ee3\u5e01\u90fd\u80fd\u6309\u5176\u6302\u94a9\u7684\u4ef7\u503c\u8d4e\u56de\u3002\u5bf9\u4e8e\u6cd5\u5b9a\u8d27\u5e01\u62b5\u62bc\u7684\u7a33\u5b9a\u5e01\uff0c\u8fd9\u4e9b\u50a8\u5907\u901a\u5e38\u5305\u62ec\u73b0\u91d1\u3001\u77ed\u671f\u653f\u5e9c\u503a\u5238\u548c\u5176\u4ed6\u6d41\u52a8\u8d44\u4ea7\u3002<\/li>\n<li>\u6570\u5b57\u94b1\u5305\u63d0\u4f9b\u5546\uff1a\u63d0\u4f9b\u6570\u5b57\u94b1\u5305\uff0c\u53ef\u4ee5\u662f\u79fb\u52a8\u5e94\u7528\u7a0b\u5e8f\u3001\u786c\u4ef6\u8bbe\u5907\u6216\u8f6f\u4ef6\u754c\u9762\uff0c\u5141\u8bb8\u7a33\u5b9a\u5e01\u7684\u6301\u6709\u8005\u5b58\u50a8\u3001\u53d1\u9001\u548c\u63a5\u6536\u4ed6\u4eec\u7684\u8d27\u5e01\u3002<\/li>\n<\/ul>\n<p><strong>\u7a33\u5b9a\u5e01\u5982\u4f55\u7ef4\u6301\u5176\u951a\u5b9a\u6c47\u7387\uff1f<\/strong><\/p>\n<p>\u7a33\u5b9a\u5e01\u4f9d\u9760\u4e0d\u540c\u7684\u673a\u5236\u6765\u786e\u4fdd\u5176\u4ef7\u503c\u4e0e\u5e95\u5c42\u8d44\u4ea7\u4fdd\u6301\u4e00\u81f4\u3002\u6cd5\u5e01\u652f\u6301\u7684\u7a33\u5b9a\u5e01\u901a\u8fc7\u786e\u4fdd\u6bcf\u4e2a\u53d1\u884c\u7684\u4ee3\u5e01\u90fd\u53ef\u4ee5\u5151\u6362\u7b49\u91cf\u7684\u6cd5\u5e01\u6765\u7ef4\u6301\u5176\u951a\u5b9a\u6c47\u7387\u3002<\/p>\n<p><strong>\u5e02\u573a\u4e0a\u4e3b\u8981\u7684\u7a33\u5b9a\u5e01<\/strong><\/p>\n<p>\u622a\u81f3 2025 \u5e74 4 \u6708\uff0c\u7a33\u5b9a\u5e01\u7684\u603b\u6d41\u901a\u91cf\u5df2\u8d85\u8fc7 2300 \u4ebf\u7f8e\u5143\uff0c\u81ea 2024 \u5e74 4 \u6708\u4ee5\u6765\u589e\u957f\u4e86 54%\u3002\u6392\u540d\u524d\u4e24\u4f4d\u7684\u7a33\u5b9a\u5e01\u4e3b\u5bfc\u7740\u751f\u6001\u7cfb\u7edf\uff0c\u6309\u4ef7\u503c\u548c\u4ea4\u6613\u91cf\u8ba1\u7b97\uff0c\u5360\u636e\u4e86\u8d85\u8fc7 90% \u7684\u5e02\u573a\u4efd\u989d\uff0c\u5176\u4e2d\uff0cTether (USDT) \u9886\u5148\uff0c\u5176\u6b21\u662f USD Coin (USDC)\u3002<\/p>\n<p><img decoding=\"async\" style=\"margin-left: auto;margin-right: auto\" src=\"https:\/\/cdn-img.panewslab.com\/yijian\/2025\/4\/29\/images\/3eca0e2eb3666e96677e8c926bb12baf.png\" alt=\"\u82b1\u65d72\u4e07\u5b57\u7814\u62a5\uff1a\u7a33\u5b9a\u5e01\u7684\u201cGPT\u65f6\u523b\u201d\" \/><\/p>\n<p>\u8fd1\u5e74\u6765\uff0c\u7a33\u5b9a\u5e01\u7684\u4ea4\u6613\u91cf\u5feb\u901f\u589e\u957f\u3002\u7ecf Visa Onchain Analytics \u8c03\u6574\u540e\uff0c2025 \u5e74\u7b2c\u4e00\u5b63\u5ea6\u7a33\u5b9a\u5e01\u4ea4\u6613\u91cf\u8fbe\u5230\u6bcf\u6708 6500 \u4ebf\u81f3 7000 \u4ebf\u7f8e\u5143\uff0c\u7ea6\u4e3a 2021 \u5e74\u4e0b\u534a\u5e74\u81f3 2024 \u5e74\u4e0a\u534a\u5e74\u6c34\u5e73\u7684\u4e24\u500d\u3002\u652f\u6301\u52a0\u5bc6\u751f\u6001\u7cfb\u7edf\u7684\u4ea4\u6613\u4e00\u76f4\u662f\u7a33\u5b9a\u5e01\u7684\u4e3b\u8981\u7528\u4f8b\u3002<\/p>\n<p>\u5e02\u503c\u6700\u5927\u7684\u7a33\u5b9a\u5e01 USDT \u4e8e 2014 \u5e74\u5728\u6bd4\u7279\u5e01\u533a\u5757\u94fe\u4e0a\u63a8\u51fa\uff0c\u5e76\u4e8e 2017 \u5e74\u6269\u5c55\u5230\u4ee5\u592a\u574a\u533a\u5757\u94fe\uff0c\u4ece\u800c\u5b9e\u73b0\u4e86\u5176\u5728\u53bb\u4e2d\u5fc3\u5316\u91d1\u878d (DeFi) \u4e2d\u7684\u5e94\u7528\u30022019 \u5e74\uff0c\u7531\u4e8e\u901f\u5ea6\u66f4\u5feb\u3001\u6210\u672c\u66f4\u4f4e\uff0cUSDT \u8fdb\u4e00\u6b65\u6269\u5c55\u5230\u5728\u4e9a\u6d32\u5e7f\u6cdb\u4f7f\u7528\u7684 Tron \u7f51\u7edc\u3002USDT \u4e3b\u8981\u5728\u6d77\u5916\u8fd0\u8425\uff0c\u4f46\u65f6\u4ee3\u6b63\u5728\u6539\u53d8\u3002<\/p>\n<p>\u6211\u4eec\u80af\u5b9a\u4f1a\u770b\u5230\u66f4\u591a\u53c2\u4e0e\u8005\uff08\u5c24\u5176\u662f\u94f6\u884c\u548c\u4f20\u7edf\u53c2\u4e0e\u8005\uff09\u8fdb\u5165\u5e02\u573a\u3002\u7f8e\u5143\u652f\u6301\u7684\u7a33\u5b9a\u5e01\u5c06\u7ee7\u7eed\u5360\u636e\u4e3b\u5bfc\u5730\u4f4d\u3002\u6700\u7ec8\uff0c\u53c2\u4e0e\u8005\u7684\u6570\u91cf\u5c06\u53d6\u51b3\u4e8e\u9700\u8981\u591a\u5c11\u79cd\u4e0d\u540c\u7684\u4ea7\u54c1\u6765\u8986\u76d6\u4e3b\u8981\u7528\u4f8b\u2014\u2014\u800c\u4e14\u8fd9\u4e2a\u5e02\u573a\u7684\u53c2\u4e0e\u8005\u6570\u91cf\u53ef\u80fd\u4f1a\u6bd4\u4fe1\u7528\u5361\u7f51\u7edc\u5e02\u573a\u66f4\u591a\u3002<\/p>\n<p>Matt Blumenfeld, Global And US Digital Assets Lead, PWC<\/p>\n<p><img decoding=\"async\" style=\"margin-left: auto;margin-right: auto\" src=\"https:\/\/cdn-img.panewslab.com\/yijian\/2025\/4\/29\/images\/a401b582075f86cad6d515fa6cfbf228.png\" alt=\"\u82b1\u65d72\u4e07\u5b57\u7814\u62a5\uff1a\u7a33\u5b9a\u5e01\u7684\u201cGPT\u65f6\u523b\u201d\" \/><\/p>\n<h4><strong>2.2 \u7a33\u5b9a\u5e01\u91c7\u7528\u7684\u9a71\u52a8\u56e0\u7d20<\/strong><\/h4>\n<p>\u6839\u636e Erin McCune, Founder &amp; Principal Consultant, Forte FinTech\uff0c\u7a33\u5b9a\u5e01\u7684\u6e20\u9053\u56e0\u7d20\u5982\u4e0b\uff1a<\/p>\n<ul>\n<li>\u7a33\u5b9a\u5e01\u7684\u5b9e\u7528\u4f18\u52bf\uff08\u901f\u5ea6\u5feb\u3001\u6210\u672c\u4f4e\u3001\u5168\u5929\u5019\u53ef\u7528\uff09\u6b63\u5728\u53d1\u8fbe\u7ecf\u6d4e\u4f53\u548c\u65b0\u5174\u7ecf\u6d4e\u4f53\u521b\u9020\u9700\u6c42\u3002\u5c24\u5176\u662f\u90a3\u4e9b\u5373\u65f6\u652f\u4ed8\u5c1a\u672a\u5e7f\u6cdb\u666e\u53ca\u7684\u56fd\u5bb6\uff0c\u8fd9\u4e9b\u56fd\u5bb6\u7684\u4e2d\u5c0f\u4f01\u4e1a\uff08SMB\uff09\u5f97\u4e0d\u5230\u73b0\u6709\u4f01\u4e1a\u7684\u5145\u5206\u670d\u52a1\uff0c\u800c\u8de8\u56fd\u516c\u53f8\u5e0c\u671b\u66f4\u8f7b\u677e\u5730\u5b9e\u73b0\u5168\u7403\u8d44\u91d1\u8f6c\u79fb\u3002\u8fd9\u4e9b\u56fd\u5bb6\u7684\u8de8\u5883\u4ea4\u6613\u6210\u672c\u4ecd\u7136\u9ad8\u4f01\uff0c\u94f6\u884c\u6280\u672f\u4e0d\u6210\u719f\uff0c\u4ee5\u53ca\/\u6216\u8005\u91d1\u878d\u5305\u5bb9\u6027\u6ede\u540e\u3002<\/li>\n<li>\u5b8f\u89c2\u9700\u6c42\uff08\u901a\u80c0\u5bf9\u51b2\u3001\u91d1\u878d\u5305\u5bb9\u6027\uff09\u6b63\u5728\u63a8\u52a8\u7a33\u5b9a\u5e01\u5728\u90a3\u4e9b\u4e25\u91cd\u901a\u8d27\u81a8\u80c0\u7684\u5730\u533a\u88ab\u91c7\u7528\u3002\u963f\u6839\u5ef7\u3001\u571f\u8033\u5176\u3001\u5c3c\u65e5\u5229\u4e9a\u3001\u80af\u5c3c\u4e9a\u548c\u59d4\u5185\u745e\u62c9\u7b49\u56fd\u7684\u6d88\u8d39\u8005\u4f7f\u7528\u7a33\u5b9a\u5e01\u6765\u4fdd\u62a4\u4ed6\u4eec\u7684\u8d44\u91d1\u3002\u5982\u4eca\uff0c\u8d8a\u6765\u8d8a\u591a\u7684\u6c47\u6b3e\u4ee5\u7a33\u5b9a\u5e01\u7684\u5f62\u5f0f\u6c47\u5165\uff0c\u6ca1\u6709\u94f6\u884c\u8d26\u6237\u7684\u6d88\u8d39\u8005\u73b0\u5728\u4e5f\u53ef\u4ee5\u4f7f\u7528\u6570\u5b57\u7f8e\u5143\u3002<\/li>\n<li>\u73b0\u6709\u94f6\u884c\u548c\u652f\u4ed8\u63d0\u4f9b\u5546\u7684\u8ba4\u53ef\u548c\u6574\u5408\u662f\u7a33\u5b9a\u5e01\u5408\u6cd5\u5316\u7684\u5173\u952e\uff08\u5c24\u5176\u662f\u5bf9\u673a\u6784\u548c\u4f01\u4e1a\u7528\u6237\u800c\u8a00\uff09\uff0c\u5e76\u4e14\u53ef\u4ee5\u8fc5\u901f\u6269\u5927\u5176\u4f7f\u7528\u8303\u56f4\u548c\u9002\u7528\u6027\u3002\u6210\u719f\u4e14\u89c4\u6a21\u5316\u7684\u652f\u4ed8\u7f51\u7edc\u8fd0\u8425\u5546\u548c\u6838\u5fc3\u5904\u7406\u5546\u53ef\u4ee5\u63d0\u9ad8\u900f\u660e\u5ea6\uff0c\u5e76\u4fc3\u8fdb\u4e0e\u4f01\u4e1a\u548c\u5546\u5bb6\u6240\u4f9d\u8d56\u7684\u6570\u5b57\u89e3\u51b3\u65b9\u6848\u7684\u96c6\u6210\u3002\u94f6\u884c\u548c\u975e\u94f6\u884c\u673a\u6784\u4e4b\u95f4\u5404\u79cd\u7a33\u5b9a\u5e01\u4e4b\u95f4\u7684\u6e05\u7b97\u673a\u5236\u5bf9\u4e8e\u5b9e\u73b0\u89c4\u6a21\u5316\u4e5f\u81f3\u5173\u91cd\u8981\u3002\u9762\u5411\u6d88\u8d39\u8005\uff08\u6613\u4e8e\u4f7f\u7528\u7684\u94b1\u5305\uff09\u548c\u5546\u5bb6\uff08\u5c06\u7a33\u5b9a\u5e01\u7684\u63a5\u53d7\u5ea6\u5d4c\u5165\u5230\u53ef\u901a\u8fc7API\u8bbf\u95ee\u7684\u6536\u5355\u5e73\u53f0\uff09\u7684\u6280\u672f\u6539\u8fdb\u6b63\u5728\u6d88\u9664\u66fe\u7ecf\u5c06\u7a33\u5b9a\u5e01\u9650\u5236\u5728\u52a0\u5bc6\u8d27\u5e01\u8fb9\u7f18\u7684\u969c\u788d\u3002<\/li>\n<li>\u671f\u5f85\u5df2\u4e45\u7684\u76d1\u7ba1\u660e\u786e\u6027\uff0c\u5c06\u5141\u8bb8\u94f6\u884c\u548c\u66f4\u5e7f\u6cdb\u7684\u91d1\u878d\u670d\u52a1\u884c\u4e1a\u5728\u96f6\u552e\u548c\u6279\u53d1\u9886\u57df\u5f15\u5165\u7a33\u5b9a\u5e01\u3002\u900f\u660e\u5ea6\uff08\u5ba1\u8ba1\u8981\u6c42\uff09\u548c\u4e00\u81f4\u7684\u6d41\u52a8\u6027\u7ba1\u7406\uff08\u53ef\u9760\u7684\u7968\u9762\u4ef7\u503c\uff09\u4e5f\u5c06\u7b80\u5316\u8fd0\u8425\u6574\u5408\u3002<\/li>\n<\/ul>\n<p>Matt Blumenfeld, Global And US Digital Assets Lead, PWC \u8868\u793a\uff0c\u7a33\u5b9a\u5e01\u7684\u6e20\u9053\u56e0\u7d20\u5982\u4e0b\uff1a<\/p>\n<p>\u7528\u6237\u4f53\u9a8c\uff1a\u5168\u7403\u652f\u4ed8\u683c\u5c40\u6b63\u65e5\u76ca\u8f6c\u5411\u5b9e\u65f6\u6570\u5b57\u4ea4\u6613\u3002\u4f46\u6bcf\u79cd\u65b0\u652f\u4ed8\u65b9\u5f0f\u7684\u91c7\u7528\u90fd\u9762\u4e34\u7740\u5ba2\u6237\u4f53\u9a8c\u7684\u6311\u6218\u2014\u2014\u662f\u5426\u76f4\u89c2\u3001\u80fd\u5426\u770b\u5230\u7528\u4f8b\u3001\u4ef7\u503c\u662f\u5426\u6e05\u6670\u3002\u4efb\u4f55\u6210\u529f\u63d0\u5347\u5ba2\u6237\u4f53\u9a8c\u7684\u673a\u6784\u2014\u2014\u65e0\u8bba\u662f\u9488\u5bf9\u96f6\u552e\u7528\u6237\u8fd8\u662f\u673a\u6784\u7528\u6237\u2014\u2014\u90fd\u5c06\u5728\u5404\u81ea\u7684\u9886\u57df\u8131\u9896\u800c\u51fa\uff0c\u6210\u4e3a\u9886\u5bfc\u8005\u3002<\/p>\n<p>\u4e0e\u6211\u4eec\u5f53\u4eca\u652f\u4ed8\u65b9\u5f0f\u7684\u6574\u5408\u5c06\u63a8\u52a8\u4e0b\u4e00\u6ce2\u5e94\u7528\u6d6a\u6f6e\u3002\u5728\u96f6\u552e\u65b9\u9762\uff0c\u8fd9\u5c06\u4f53\u73b0\u5728\u94f6\u884c\u5361\u6216\u79fb\u52a8\u94b1\u5305\u7684\u666e\u53ca\u4e0a\u3002\u5728\u673a\u6784\u65b9\u9762\uff0c\u8fd9\u5c06\u4f53\u73b0\u5728\u66f4\u7b80\u5355\u3001\u66f4\u7075\u6d3b\u3001\u66f4\u5177\u6210\u672c\u6548\u76ca\u7684\u7ed3\u7b97\u4e0a\u3002<\/p>\n<ul>\n<li>\u76d1\u7ba1\u6e05\u6670\u5ea6\uff1a\u5728\u65b0\u7684\u7a33\u5b9a\u5e01\u76d1\u7ba1\u6cd5\u89c4\u51fa\u53f0\u540e\uff0c\u6211\u4eec\u53ef\u4ee5\u770b\u5230\u76d1\u7ba1\u4e0d\u786e\u5b9a\u6027\u5728\u5168\u7403\u8303\u56f4\u5185\u5bf9\u521b\u65b0\u548c\u5e94\u7528\u7684\u4e25\u91cd\u6291\u5236\u3002 MiCA \u6cd5\u89c4\u7684\u63a8\u51fa\u3001\u9999\u6e2f\u76d1\u7ba1\u7684\u6e05\u6670\u5ea6\u4ee5\u53ca\u7f8e\u56fd\u7a33\u5b9a\u5e01\u7acb\u6cd5\u7684\u8fdb\u5c55\uff0c\u5f15\u53d1\u4e86\u65e8\u5728\u7b80\u5316\u673a\u6784\u548c\u6d88\u8d39\u8005\u8d44\u91d1\u6d41\u52a8\u7684\u6d3b\u52a8\u6fc0\u589e\u3002<\/li>\n<li>\u521b\u65b0\u4e0e\u6548\u7387\uff1a\u673a\u6784\u5fc5\u987b\u5c06\u7a33\u5b9a\u5e01\u89c6\u4e3a\u66f4\u654f\u6377\u4ea7\u54c1\u5f00\u53d1\u7684\u63a8\u52a8\u529b\uff0c\u800c\u8fd9\u5728\u5f53\u4eca\u65f6\u4ee3\u96be\u4ee5\u5b9e\u73b0\u3002\u8fd9\u610f\u5473\u7740\u63d0\u4f9b\u4e00\u79cd\u66f4\u7b80\u5355\u3001\u66f4\u5177\u521b\u610f\u6216\u66f4\u5177\u5438\u5f15\u529b\u7684\u5a92\u4ecb\uff0c\u4ee5\u4f8b\u5982\u6536\u76ca\u751f\u6210\u3001\u53ef\u7f16\u7a0b\u6027\u548c\u53ef\u7ec4\u5408\u6027\u7684\u5f62\u5f0f\u589e\u5f3a\u4f20\u7edf\u94f6\u884c\u5b58\u6b3e\u3002<\/li>\n<\/ul>\n<h4><strong>2.3 \u7a33\u5b9a\u5e01\u7684\u6f5c\u5728\u5e02\u573a<\/strong><\/h4>\n<p>\u6b63\u5982 Forte Fintech Erin McCune \u6240\u6307\u51fa\u7684\uff0c\u4efb\u4f55\u5bf9\u7a33\u5b9a\u5e01\u5e02\u573a\u6f5c\u5728\u89c4\u6a21\u7684\u9884\u6d4b\u90fd\u9700\u8981\u8c28\u614e\u3002\u5e02\u573a\u6ce2\u52a8\u56e0\u7d20\u4f17\u591a\uff0c\u6211\u4eec\u81ea\u5df1\u7684\u5206\u6790\u4e5f\u8868\u660e\u5e02\u573a\u6ce2\u52a8\u8303\u56f4\u5f88\u5e7f\u3002<\/p>\n<p>\u6211\u4eec\u6839\u636e\u4ee5\u4e0b\u56e0\u7d20\u9a71\u52a8\u7684\u7a33\u5b9a\u5e01\u9700\u6c42\u589e\u957f\u6784\u5efa\u4e86\u9884\u6d4b\u8303\u56f4\uff1a<\/p>\n<ul>\n<li>\u5c06\u90e8\u5206\u7f8e\u56fd\u672c\u571f\u548c\u7f8e\u56fd\u4e4b\u5916\u7684\u7f8e\u5143\u6301\u6709\u91cf\u4ece\u7eb8\u5e01\u8f6c\u6362\u4e3a\u7a33\u5b9a\u5e01\u2014\u2014\u6d77\u5916\u6301\u6709\u7684\u7f8e\u56fd\u7eb8\u5e01\u901a\u5e38\u662f\u5bf9\u51b2\u672c\u5730\u6ce2\u52a8\u7684\u907f\u9669\u5de5\u5177\uff0c\u800c\u7a33\u5b9a\u5e01\u662f\u83b7\u53d6\u6b64\u7c7b\u5bf9\u51b2\u7684\u66f4\u4fbf\u6377\u65b9\u5f0f\u3002\u5728\u7f8e\u56fd\u672c\u571f\uff0c\u7a33\u5b9a\u5e01\u53ef\u4ee5\u90e8\u5206\u7528\u4e8e\u67d0\u4e9b\u652f\u4ed8\u529f\u80fd\uff0c\u5e76\u4e3a\u6b64\u76ee\u7684\u800c\u6301\u6709\u3002<\/li>\n<li>\u5c06\u7f8e\u56fd\u548c\u56fd\u9645\u5bb6\u5ead\u548c\u4f01\u4e1a\u6301\u6709\u7684\u90e8\u5206\u7f8e\u5143\u77ed\u671f\u6d41\u52a8\u6027\u91cd\u65b0\u914d\u7f6e\u4e3a\u7a33\u5b9a\u5e01\uff0c\u4ee5\u652f\u6301\u73b0\u91d1\u7ba1\u7406\u548c\u652f\u4ed8\u64cd\u4f5c\u3002\u56e0\u4e3a\u7a33\u5b9a\u5e01\u6613\u4e8e\u4f7f\u7528\uff08\u4f8b\u5982\u5168\u5929\u5019\u8de8\u5883\u652f\u4ed8\u7b49\uff09\uff0c\u5e76\u4e14\u5982\u679c\u6cd5\u89c4\u5141\u8bb8\uff0c\u7a33\u5b9a\u5e01\u53ef\u80fd\u90e8\u5206\u66ff\u4ee3\u6536\u76ca\u8d44\u4ea7\u3002<\/li>\n<li>\u6b64\u5916\uff0c\u6211\u4eec\u5047\u8bbe\u6b27\u5143\/\u82f1\u9551\u7684\u77ed\u671f\u6d41\u52a8\u6027\u66ff\u4ee3\u8d8b\u52bf\u4e0e\u7f8e\u5143\u77ed\u671f\u6d41\u52a8\u6027\u7684\u66ff\u4ee3\u8d8b\u52bf\u7c7b\u4f3c\uff0c\u8fd9\u4e9b\u6d41\u52a8\u6027\u7531\u56fd\u5185\u5bb6\u5ead\u548c\u4f01\u4e1a\u6301\u6709\uff0c\u5c3d\u7ba1\u89c4\u6a21\u8981\u5c0f\u5f97\u591a\u3002\u5728\u57fa\u51c6\u60c5\u51b5\u4e0b\uff0c \u6211\u4eec\u5bf9 2030 \u5e74\u4e50\u89c2\u60c5\u666f\u9884\u6d4b\u7a33\u5b9a\u5e01\u5e02\u573a\u4ecd\u7136\u4e3b\u8981\u7531\u7f8e\u5143\u9a71\u52a8\uff08\u7ea6\u5360 90%\uff09\u3002<\/li>\n<li>\u516c\u5171\u52a0\u5bc6\u5e02\u573a\u7684\u589e\u957f\uff0c\u5176\u4e2d\u7a33\u5b9a\u5e01\u88ab\u7528\u4f5c\u7ed3\u7b97\u6216\u8d27\u5e01\u627f\u5151\u7684\u4fc3\u8fdb\u8005\uff1b\u90e8\u5206\u539f\u56e0\u662f\u673a\u6784\u5bf9\u516c\u5171\u52a0\u5bc6\u8d44\u4ea7\u7684\u91c7\u7528\u7387\u589e\u957f\u4ee5\u53ca\u533a\u5757\u94fe\u6280\u672f\u7684\u666e\u904d\u4f7f\u7528\u3002\u5728\u6211\u4eec\u7684\u57fa\u51c6\u60c5\u666f\u4e0b\uff0c\u6211\u4eec\u5047\u8bbe 2021 \u5e74\u81f3 2024 \u5e74\u7a33\u5b9a\u5e01\u53d1\u884c\u91cf\u7684\u589e\u957f\u8d8b\u52bf\u5c06\u6301\u7eed\u4e0b\u53bb\u3002<\/li>\n<li>\u6211\u4eec\u5bf9 2030 \u5e74\u7a33\u5b9a\u5e01\u5e02\u573a\u89c4\u6a21\u7684\u57fa\u51c6\u60c5\u666f\u4f30\u8ba1\u4e3a 1.6 \u4e07\u4ebf\u7f8e\u5143\uff0c\u4e50\u89c2\u60c5\u666f\u4f30\u8ba1\u4e3a 3.7 \u4e07\u4ebf\u7f8e\u5143\uff0c\u60b2\u89c2\u60c5\u666f\u4f30\u8ba1\u4e3a 0.5 \u4e07\u4ebf\u7f8e\u5143\u3002<\/li>\n<\/ul>\n<p><img decoding=\"async\" style=\"margin-left: auto;margin-right: auto\" src=\"https:\/\/cdn-img.panewslab.com\/yijian\/2025\/4\/29\/images\/7a86a087aed2dd788bf02fb2da6d302e.png\" alt=\"\u82b1\u65d72\u4e07\u5b57\u7814\u62a5\uff1a\u7a33\u5b9a\u5e01\u7684\u201cGPT\u65f6\u523b\u201d\" \/><\/p>\n<p><img decoding=\"async\" style=\"margin-left: auto;margin-right: auto\" src=\"https:\/\/cdn-img.panewslab.com\/yijian\/2025\/4\/29\/images\/d9b874c8d12321f3139967b035d1c2ac.png\" alt=\"\u82b1\u65d72\u4e07\u5b57\u7814\u62a5\uff1a\u7a33\u5b9a\u5e01\u7684\u201cGPT\u65f6\u523b\u201d\" \/><\/p>\n<p>\u6ce8\uff1a2030 \u5e74\u8d27\u5e01\u603b\u91cf\uff08\u6d41\u901a\u73b0\u91d1\uff0cM0\u3001M1 \u548c M2\uff09\u7684\u5b58\u91cf\u4f7f\u7528\u540d\u4e49 GDP \u589e\u957f\u7387\u8ba1\u7b97\u3002\u6b27\u5143\u533a\u548c\u82f1\u56fd\u53ef\u80fd\u4f1a\u53d1\u884c\u548c\u91c7\u7528\u672c\u5e01\u7a33\u5b9a\u5e01\u3002\u4e2d\u56fd\u53ef\u80fd\u91c7\u7528\u4e3b\u6743\u592e\u884c\u6570\u5b57\u8d27\u5e01 (CBDC)\uff0c\u91c7\u7528\u5916\u56fd\u79c1\u4eba\u53d1\u884c\u7a33\u5b9a\u5e01\u7684\u53ef\u80fd\u6027\u8f83\u5c0f\u30022030 \u5e74\u975e\u7f8e\u5143\u7a33\u5b9a\u5e01\u7684\u718a\u5e02\u9884\u6d4b\uff1a210 \u4ebf\u7f8e\u5143\uff1b\u57fa\u51c6\u9884\u6d4b\uff1a1030 \u4ebf\u7f8e\u5143\uff1b\u725b\u5e02\u9884\u6d4b\uff1a2980 \u4ebf\u7f8e\u5143\u3002<\/p>\n<h4><strong>2.4 \u7a33\u5b9a\u5e01\u5e02\u573a\u5c55\u671b\u53ca\u7528\u4f8b<\/strong><\/h4>\n<p>Erin McCune \u662f Forte Fintech \u7684\u521b\u59cb\u4eba\u517c\u9996\u5e2d\u987e\u95ee\u3002\u5979\u5728\u652f\u4ed8\u9886\u57df\u62e5\u6709\u8d85\u8fc7 25 \u5e74\u7684\u54a8\u8be2\u7ecf\u9a8c\u3002\u5979\u7684\u54a8\u8be2\u5de5\u4f5c\u91cd\u70b9\u5173\u6ce8\u5546\u4e1a\u652f\u4ed8\u3001\u8de8\u5883\u4ea4\u6613\u4ee5\u53ca\u4f01\u4e1a\u91d1\u878d\u3001\u94f6\u884c\u4e1a\u52a1\u548c\u4f01\u4e1a\u8f6f\u4ef6\u7684\u4ea4\u53c9\u9886\u57df\u3002\u5728\u521b\u7acb Forte Fintech \u4e4b\u524d\uff0c\u5979\u66fe\u62c5\u4efb\u8d1d\u6069\u516c\u53f8\u548c Glenbrook Partners \u7684\u5408\u4f19\u4eba\u3002<\/p>\n<p>\u95ee\uff1a\u5bf9\u4e8e\u8fd1\u671f\u7a33\u5b9a\u5e01\u5e02\u573a\u89c4\u6a21\u4ee5\u53ca\u63a8\u52a8\u5176\u53d1\u5c55\u7684\u6f5c\u5728\u56e0\u7d20\uff0c\u4e50\u89c2\u548c\u8c28\u614e\u7684\u5c55\u671b\u662f\u4ec0\u4e48\uff1f<\/p>\n<p>\u9884\u6d4b\u5168\u7403\u7a33\u5b9a\u5e01\u5e02\u573a\u7684\u589e\u957f\u9700\u8981\u6781\u5927\u7684\u4fe1\u5fc3\uff08\u6216\u81ea\u8d1f\uff09\uff0c\u56e0\u4e3a\u4ecd\u6709\u8bb8\u591a\u672a\u77e5\u6570\u3002\u57fa\u4e8e\u6b64\uff0c\u6211\u63d0\u51fa\u4e86\u4ee5\u4e0b\u4e50\u89c2\u548c\u60b2\u89c2\u7684\u9884\u6d4b\uff1a<\/p>\n<p>\u6700\u4e50\u89c2\u7684\u9884\u6d4b\u662f\uff0c\u968f\u7740\u7a33\u5b9a\u5e01\u6210\u4e3a\u5168\u7403\u5373\u65f6\u3001\u4f4e\u6210\u672c\u3001\u4f4e\u6469\u64e6\u4ea4\u6613\u7684\u65e5\u5e38\u5a92\u4ecb\uff0c\u5e02\u573a\u89c4\u6a21\u5c06\u6269\u5927 5-10 \u500d\u3002\u76f8\u5bf9\u4e50\u89c2\u7684\u9884\u6d4b\u662f\uff0c\u5230 2030 \u5e74\uff0c\u7a33\u5b9a\u5e01\u7684\u4ef7\u503c\u5c06\u4ece\u76ee\u524d\u7684\u7ea6 2000 \u4ebf\u7f8e\u5143\u5448\u73b0\u6307\u6570\u7ea7\u589e\u957f\u81f3 1.5 \u4e07\u4ebf &#8211; 2.0 \u4e07\u4ebf\u7f8e\u5143\uff0c\u5e76\u5c06\u6e17\u900f\u5230\u5168\u7403\u8d38\u6613\u652f\u4ed8\u3001P2P \u6c47\u6b3e\u548c\u4e3b\u6d41\u94f6\u884c\u4e1a\u52a1\u4e2d\u3002<\/p>\n<p>\u8fd9\u79cd\u4e50\u89c2\u60c5\u7eea\u4f9d\u8d56\u4e8e\u51e0\u4e2a\u5173\u952e\u5047\u8bbe\uff1a<\/p>\n<ul>\n<li>\u5173\u952e\u5730\u533a\u7684\u76d1\u7ba1\u653f\u7b56\u5bbd\u677e\u2014\u2014\u4e0d\u4ec5\u5305\u62ec\u6b27\u6d32\u548c\u5317\u7f8e\uff0c\u8fd8\u5305\u62ec\u5bf9\u672c\u5730\u6cd5\u5b9a\u8d27\u5e01\u66ff\u4ee3\u54c1\u9700\u6c42\u6700\u5927\u7684\u5e02\u573a\uff0c\u4f8b\u5982\u6492\u54c8\u62c9\u4ee5\u5357\u975e\u6d32\u548c\u62c9\u4e01\u7f8e\u6d32\u3002<\/li>\n<li>\u73b0\u6709\u94f6\u884c\u4e0e\u65b0\u8fdb\u5165\u8005\u4e4b\u95f4\u5efa\u7acb\u771f\u6b63\u7684\u4fe1\u4efb\uff0c\u4ee5\u53ca\u6d88\u8d39\u8005\u548c\u4f01\u4e1a\u5bf9\u7a33\u5b9a\u5e01\u50a8\u5907\u5b8c\u6574\u6027\u7684\u5e7f\u6cdb\u4fe1\u4efb\uff08\u4f8b\u5982\uff0c1 \u7f8e\u5143\u7a33\u5b9a\u5e01 = 1 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JP Morgan \u5df2\u7ecf\u63a8\u51fa\u4e86\u6bcf\u65e5\u4ea4\u6613\u989d\u8d85\u8fc710\u4ebf\u7f8e\u5143\u7684\u533a\u5757\u94fe\u9879\u76ee\uff0c\u5c3d\u7ba1\u76d1\u7ba1\u4ecd\u7f3a\u4e4f\u900f\u660e\u5ea6\uff0c\u4f46\u8fd9\u4ecd\u5c55\u73b0\u51fa\u5de8\u5927\u7684\u6f5c\u529b\u3002\u8fd9\u4e00\u9886\u57df\u53ef\u80fd\u4f1a\u5927\u5e45\u589e\u957f\uff0c\u5c3d\u7ba1\u5b83\u53ef\u80fd\u4e0e\u4e0a\u8ff0\u673a\u6784\u7528\u9014\u6709\u6240\u91cd\u8fed\u3002<\/p>\n<h4><strong>2.5 \u7a33\u5b9a\u5e01\uff1a\u94f6\u884c\u5361\u3001\u592e\u884c\u6570\u5b57\u8d27\u5e01 (CBDC) 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\u7b49\uff09\uff0c\u4f1a\u5438\u5f15\u66f4\u591a\u6301\u5361\u4eba\u4f7f\u7528\u8be5\u5361\u3002\u7a33\u5b9a\u5e01\u4e5f\u5177\u6709\u7c7b\u4f3c\u7684\u4f7f\u7528\u5faa\u73af\u3002<\/p>\n<p>\u5728\u8f83\u5927\u7684\u53f8\u6cd5\u7ba1\u8f96\u533a\uff0c\u7a33\u5b9a\u5e01\u901a\u5e38\u4e0d\u53d7\u91d1\u878d\u76d1\u7ba1\uff0c\u4f46\u8fd9\u79cd\u60c5\u51b5\u5728\u6b27\u76df\uff08MICA\uff0c2024\uff09\u548c\u7f8e\u56fd\uff08\u6b63\u5728\u8fdb\u884c\uff09\u6b63\u5728\u53d1\u751f\u53d8\u5316\u3002\u66f4\u4e25\u683c\u7684\u91d1\u878d\u76d1\u7ba1\u9700\u6c42\uff0c\u4ee5\u53ca\u5bf9\u5408\u4f5c\u4f19\u4f34\u7684\u9ad8\u6210\u672c\u8981\u6c42\uff0c\u53ef\u80fd\u4f1a\u5bfc\u81f4\u7a33\u5b9a\u5e01\u53d1\u884c\u5546\u7684\u96c6\u4e2d\u5316\uff0c\u5c31\u50cf\u6211\u4eec\u5728\u4fe1\u7528\u5361\u7f51\u7edc\u4e2d\u770b\u5230\u7684\u90a3\u6837\u3002<\/p>\n<p>\u6700\u7ec8\uff0c\u62e5\u6709\u5c11\u6570\u51e0\u5bb6\u7cbe\u9009\u7684\u7a33\u5b9a\u5e01\u53d1\u884c\u5546\u5bf9\u66f4\u5e7f\u6cdb\u7684\u751f\u6001\u7cfb\u7edf\u6709\u5229\u3002<\/p>\n<p>\u867d\u7136\u4e00\u4e24\u5bb6\u4e3b\u8981\u53c2\u4e0e\u8005\u53ef\u80fd\u770b\u8d77\u6765\u5f88\u96c6\u4e2d\uff0c\u4f46\u8fc7\u591a\u7684\u7a33\u5b9a\u5e01\u4f1a\u5bfc\u81f4\u788e\u7247\u5316\u3001\u4e0d\u53ef\u66ff\u4ee3\u7684\u8d27\u5e01\u5f62\u6001\u3002\u7a33\u5b9a\u5e01\u53ea\u6709\u5728\u5177\u5907\u89c4\u6a21\u548c\u6d41\u52a8\u6027\u7684\u60c5\u51b5\u4e0b\u624d\u80fd\u84ec\u52c3\u53d1\u5c55\u3002<\/p>\n<p>Raj Dhamodharan,Executive Vice President, Blockchain &amp; Digital Assets, Mastercard<\/p>\n<p>\u7136\u800c\uff0c\u653f\u6cbb\u548c\u6280\u672f\u7684\u4e0d\u65ad\u53d1\u5c55\uff0c\u5bfc\u81f4\u4fe1\u7528\u5361\u5e02\u573a\uff08\u5c24\u5176\u662f\u5728\u7f8e\u56fd\u4ee5\u5916\u7684\u5730\u533a\uff09\u7684\u5dee\u5f02\u6027\u52a0\u5267\u3002\u540c\u6837\u7684\u60c5\u51b5\u4f1a\u4e0d\u4f1a\u4e5f\u53d1\u751f\u5728\u7a33\u5b9a\u5e01\u4e0a\uff1f<\/p>\n<p>\u8bb8\u591a\u56fd\u5bb6\u5df2\u7ecf\u5f00\u53d1\u4e86\u81ea\u5df1\u7684\u56fd\u5bb6\u5361\u8ba1\u5212\uff0c\u4f8b\u5982\u5df4\u897f\u7684 Elo\uff082011\u5e74\uff09\u3001\u5370\u5ea6\u7684 RuPay\uff082012\u5e74\uff09\u7b49\u7b49\u3002\u8bb8\u591a\u56fd\u5bb6\u5361\u8ba1\u5212\u7684\u63a8\u51fa\u662f\u51fa\u4e8e\u56fd\u5bb6\u4e3b\u6743\u7684\u8003\u8651\uff0c\u5e76\u53d7\u5230\u5f53\u5730\u76d1\u7ba1\u53d8\u5316\u548c\u56fd\u5185\u91d1\u878d\u673a\u6784\u653f\u6cbb\u9f13\u52b1\u7684\u63a8\u52a8\u3002\u5b83\u4eec\u8fd8\u5b9e\u73b0\u4e86\u4e0e\u65b0\u7684\u56fd\u5bb6\u5b9e\u65f6\u652f\u4ed8\u7cfb\u7edf\u7684\u6574\u5408\uff0c\u4f8b\u5982\u5df4\u897f\u7684 Pix \u548c\u5370\u5ea6\u7684 UPI\u3002\u56fd\u9645\u5361\u8ba1\u5212\u867d\u7136\u8fd1\u5e74\u6765\u6301\u7eed\u589e\u957f\uff0c\u4f46\u5728\u8bb8\u591a\u975e\u7f8e\u56fd\u5e02\u573a\u5931\u53bb\u4e86\u5e02\u573a\u4efd\u989d\u3002\u5728\u8bb8\u591a\u5e02\u573a\uff0c\u6280\u672f\u53d8\u9769\u5bfc\u81f4\u4e86\u6570\u5b57\u94b1\u5305\u3001\u8d26\u6237\u5230\u8d26\u6237\u652f\u4ed8\u548c\u8d85\u7ea7\u5e94\u7528\u7684\u5174\u8d77\u3002\u6240\u6709\u8fd9\u4e9b\u90fd\u5bfc\u81f4\u4e86\u4fe1\u7528\u5361\u5e02\u573a\u4efd\u989d\u7684\u4e0b\u964d\u3002<\/p>\n<p>\u6b63\u5982\u6211\u4eec\u5728\u4fe1\u7528\u5361\u5e02\u573a\u770b\u5230\u56fd\u5bb6\u7ea7\u8ba1\u5212\u7684\u6fc0\u589e\u4e00\u6837\uff0c\u6211\u4eec\u5f88\u53ef\u80fd\u4f1a\u770b\u5230\u7f8e\u56fd\u4ee5\u5916\u7684\u53f8\u6cd5\u7ba1\u8f96\u533a\u7ee7\u7eed\u4e13\u6ce8\u4e8e\u5f00\u53d1\u81ea\u5df1\u7684\u4e2d\u592e\u94f6\u884c\u6570\u5b57\u8d27\u5e01\uff08CBDC\uff09\uff0c\u5c06\u5176\u4f5c\u4e3a\u56fd\u5bb6\u6218\u7565\u81ea\u4e3b\u7684\u5de5\u5177\uff0c\u5c24\u5176\u662f\u5728\u6279\u53d1\u548c\u4f01\u4e1a\u652f\u4ed8\u9886\u57df\u3002<\/p>\n<p>OMFIF \u5bf9 34 \u5bb6\u592e\u884c\u7684\u8c03\u67e5\u663e\u793a\uff0c75% \u7684\u592e\u884c\u4ecd\u8ba1\u5212\u53d1\u884c CBDC\u3002\u9884\u8ba1\u672a\u6765\u4e09\u5230\u4e94\u5e74\u5185\u53d1\u884c CBDC \u7684\u53d7\u8bbf\u8005\u6bd4\u4f8b\u5df2\u4ece 2023 \u5e74\u7684 26% \u589e\u957f\u5230 2024 \u5e74\u7684 34%\u3002\u4e0e\u6b64\u540c\u65f6\uff0c\u4e00\u4e9b\u5b9e\u9645\u5b9e\u65bd\u95ee\u9898\u4e5f\u65e5\u76ca\u51f8\u663e\u2014\u201431% \u7684\u592e\u884c\u63a8\u8fdf\u4e86\u53d1\u884c\u65f6\u95f4\u8868\uff0c\u7406\u7531\u662f\u7acb\u6cd5\u548c\u5e0c\u671b\u63a2\u7d22\u66f4\u5e7f\u6cdb\u7684\u89e3\u51b3\u65b9\u6848\u3002<\/p>\n<p>CBDC \u9879\u76ee\u59cb\u4e8e2014\u5e74\uff0c\u5f53\u65f6\u4e2d\u56fd\u4eba\u6c11\u94f6\u884c\uff08PBoC\uff09\u5f00\u59cb\u7814\u7a76\u6570\u5b57\u4eba\u6c11\u5e01\u3002\u5de7\u5408\u7684\u662f\uff0cTether \u4e5f\u8bde\u751f\u4e8e\u8fd9\u4e00\u5e74\u3002\u8fd1\u5e74\u6765\uff0c\u5728\u79c1\u4eba\u5e02\u573a\u529b\u91cf\u7684\u63a8\u52a8\u4e0b\uff0c\u7a33\u5b9a\u5e01\u53d1\u5c55\u8fc5\u901f\u3002<\/p>\n<p>\u76f8\u6bd4\u4e4b\u4e0b\uff0cCBDC \u5728\u5f88\u5927\u7a0b\u5ea6\u4e0a\u4ecd\u5904\u4e8e\u5b98\u65b9\u8bd5\u70b9\u9636\u6bb5\u3002\u5c11\u6570\u51e0\u4e2a\u542f\u52a8\u4e86\u56fd\u5bb6\u7ea7 CBDC \u9879\u76ee\u7684\u5c0f\u578b\u7ecf\u6d4e\u4f53\uff0c\u5e76\u6ca1\u6709\u770b\u5230\u592a\u591a\u7684\u81ea\u7136\u7528\u6237\u589e\u957f\u3002\u7136\u800c\uff0c\u8fd1\u671f\u5730\u7f18\u653f\u6cbb\u7d27\u5f20\u5c40\u52bf\u7684\u52a0\u5267\uff0c\u53ef\u80fd\u4f1a\u589e\u52a0\u4eba\u4eec\u5bf9 CBDC \u9879\u76ee\u7684\u5174\u8da3\u3002<\/p>\n<h4><strong>2.6 \u7a33\u5b9a\u5e01\u4e0e\u94f6\u884c\uff1a\u673a\u9047\u4e0e\u98ce\u9669<\/strong><\/h4>\n<p>\u7a33\u5b9a\u5e01\u548c\u6570\u5b57\u8d44\u4ea7\u7684\u91c7\u7528\u4e3a\u4e00\u4e9b\u94f6\u884c\u548c\u91d1\u878d\u673a\u6784\u63d0\u4f9b\u4e86\u65b0\u7684\u4e1a\u52a1\u673a\u4f1a\uff0c\u4ee5\u63a8\u52a8\u6536\u5165\u589e\u957f\uff1a<\/p>\n<p><strong>\u94f6\u884c\u5728\u7a33\u5b9a\u5e01\u751f\u6001\u7cfb\u7edf\u4e2d\u7684\u4f5c\u7528<\/strong><\/p>\n<p>\u94f6\u884c\u6709\u5f88\u591a\u673a\u4f1a\u53c2\u4e0e\u7a33\u5b9a\u5e01\u7684\u5f00\u53d1\uff0c\u7ee7\u7eed\u5145\u5f53\u8d27\u5e01\u6d41\u52a8\u7684\u67a2\u7ebd\u3002\u8fd9\u53ef\u4ee5\u662f\u76f4\u63a5\u4f5c\u4e3a\u7a33\u5b9a\u5e01\u53d1\u884c\u4eba\uff0c\u4e5f\u53ef\u4ee5\u662f\u4f5c\u4e3a\u652f\u4ed8\u6536\u4ed8\/\u652f\u4ed8\u89e3\u51b3\u65b9\u6848\u7684\u4e00\u90e8\u5206\uff0c\u56f4\u7ed5\u7a33\u5b9a\u5e01\u7684\u7ed3\u6784\u5316\u4ea7\u54c1\uff0c\u4e00\u822c\u7684\u6d41\u52a8\u6027\u63d0\u4f9b\uff0c\u6216\u4ee5\u66f4\u95f4\u63a5\u7684\u65b9\u5f0f\u53d1\u6325\u4f5c\u7528\u3002<\/p>\n<p>\u968f\u7740\u7528\u6237\u8ffd\u6c42\u66f4\u5177\u5438\u5f15\u529b\u7684\u4ea7\u54c1\u548c\u66f4\u4f73\u7684\u4f53\u9a8c\uff0c\u6211\u4eec\u5df2\u7ecf\u770b\u5230\u5b58\u6b3e\u4ece\u94f6\u884c\u4f53\u7cfb\u4e2d\u6d41\u51fa\u3002\u501f\u52a9\u7a33\u5b9a\u5e01\u6280\u672f\uff0c\u94f6\u884c\u6709\u673a\u4f1a\u521b\u9020\u66f4\u597d\u7684\u4ea7\u54c1\u548c\u4f53\u9a8c\uff0c\u540c\u65f6\u5c06\u5b58\u6b3e\u4fdd\u7559\u5728\u94f6\u884c\u4f53\u7cfb\u4e2d\u2014\u2014\u7528\u6237\u901a\u5e38\u66f4\u5e0c\u671b\u5b58\u6b3e\u5728\u94f6\u884c\u4f53\u7cfb\u4e2d\u5f97\u5230\u5b89\u5168\u4fdd\u969c\u3002<\/p>\n<p>Matt Blumenfeld,Global and US Digital Assets Lead, PwC<\/p>\n<p><img decoding=\"async\" style=\"margin-left: auto;margin-right: auto\" src=\"https:\/\/cdn-img.panewslab.com\/yijian\/2025\/4\/29\/images\/5c990cc06fabf51786629e44f110ad1e.png\" alt=\"\u82b1\u65d72\u4e07\u5b57\u7814\u62a5\uff1a\u7a33\u5b9a\u5e01\u7684\u201cGPT\u65f6\u523b\u201d\" \/><\/p>\n<p>\u5728\u7cfb\u7edf\u5c42\u9762\uff0c\u7a33\u5b9a\u5e01\u53ef\u80fd\u4ea7\u751f\u4e0e\u201c\u72ed\u4e49\u94f6\u884c\u201d\u7c7b\u4f3c\u7684\u5f71\u54cd\uff0c\u800c\u4e14\u5173\u4e8e\u6b64\u7c7b\u673a\u6784\u7684\u4f18\u7f3a\u70b9\uff0c\u653f\u7b56\u4e89\u8bba\u7531\u6765\u5df2\u4e45\u3002\u94f6\u884c\u5b58\u6b3e\u5411\u7a33\u5b9a\u5e01\u7684\u8f6c\u79fb\u53ef\u80fd\u4f1a\u5f71\u54cd\u94f6\u884c\u7684\u653e\u8d37\u80fd\u529b\u3002\u8fd9\u79cd\u653e\u8d37\u80fd\u529b\u7684\u4e0b\u964d\u53ef\u80fd\u4f1a\u6291\u5236\u7ecf\u6d4e\u589e\u957f\uff0c\u81f3\u5c11\u5728\u7cfb\u7edf\u8c03\u6574\u7684\u8fc7\u6e21\u671f\u5185\u662f\u5982\u6b64\u3002<\/p>\n<p>\u6b63\u5982\u56fd\u9645\u8d27\u5e01\u57fa\u91d1\u7ec4\u7ec7 2001 \u5e74\u7b2c 9 \u53f7\u8bba\u6587\u6240\u603b\u7ed3\u7684\u90a3\u6837\uff0c\u51fa\u4e8e\u5bf9\u4fe1\u8d37\u521b\u9020\u548c\u589e\u957f\u7684\u62c5\u5fe7\uff0c\u4f20\u7edf\u7684\u7ecf\u6d4e\u653f\u7b56\u53cd\u5bf9\u72ed\u4e49\u94f6\u884c\u4e1a\u52a1\u3002\u5361\u6258\u7814\u7a76\u6240 2023 \u5e74\u62a5\u544a\u53ca\u5176\u4ed6\u7c7b\u4f3c\u673a\u6784\u4e5f\u63d0\u51fa\u4e86\u53cd\u5bf9\u610f\u89c1\uff0c\u4ed6\u4eec\u8ba4\u4e3a\u201c\u72ed\u4e49\u94f6\u884c\u4e1a\u52a1\u201d\u53ef\u4ee5\u964d\u4f4e\u7cfb\u7edf\u6027\u98ce\u9669\uff0c\u800c\u4fe1\u8d37\u548c\u5176\u4ed6\u6d41\u52a8\u5219\u4f1a\u9002\u5e94\u3002<\/p>\n<p><img decoding=\"async\" style=\"margin-left: auto;margin-right: auto\" src=\"https:\/\/cdn-img.panewslab.com\/yijian\/2025\/4\/29\/images\/5706858fd987d67e63f3a4aad62afd47.png\" alt=\"\u82b1\u65d72\u4e07\u5b57\u7814\u62a5\uff1a\u7a33\u5b9a\u5e01\u7684\u201cGPT\u65f6\u523b\u201d\" \/><\/p>\n<h3>\u4e09\u3001\u516c\u5171\u90e8\u95e8\u5bf9\u4e8e\u533a\u5757\u94fe\u7684\u770b\u6cd5<\/h3>\n<p><img decoding=\"async\" style=\"margin-left: auto;margin-right: auto\" src=\"https:\/\/cdn-img.panewslab.com\/yijian\/2025\/4\/29\/images\/45e189cd8f320dbf0ff8959c0aa23589.png\" alt=\"\u82b1\u65d72\u4e07\u5b57\u7814\u62a5\uff1a\u7a33\u5b9a\u5e01\u7684\u201cGPT\u65f6\u523b\u201d\" \/><\/p>\n<p>\u4fe1\u4efb\u548c\u900f\u660e\u5ea6\u662f\u533a\u5757\u94fe\u5728\u516c\u5171\u90e8\u95e8\u7684\u6838\u5fc3\u4f18\u52bf\u3002\u533a\u5757\u94fe\u5177\u6709\u5de8\u5927\u7684\u6f5c\u529b\uff0c\u53ef\u4ee5\u53d6\u4ee3\u73b0\u6709\u7684\u4e2d\u5fc3\u5316\u7cfb\u7edf\uff0c\u4ece\u800c\u63d0\u9ad8\u8fd0\u8425\u6548\u7387\u3001\u589e\u5f3a\u6570\u636e\u4fdd\u62a4\u5e76\u51cf\u5c11\u6b3a\u8bc8\u3002<\/p>\n<p>\u867d\u7136\u516c\u5171\u90e8\u95e8\u7684\u94fe\u4e0a\u4ea4\u6613\u91cf\u6700\u521d\u53ef\u80fd\u5c0f\u4e8e\u79c1\u8425\u90e8\u95e8\uff0c\u4f46\u516c\u5171\u90e8\u95e8\u65e5\u76ca\u589e\u957f\u7684\u5174\u8da3\u5bf9\u4e8e\u533a\u5757\u94fe\u7684\u666e\u904d\u5e94\u7528\u81f3\u5173\u91cd\u8981\u3002<\/p>\n<h4><strong>3.1 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2024 \u5e74 9 \u6708\u542f\u52a8\u7684\u201c\u8d44\u91d1\u94fe\u201d\u5021\u8bae\u5c31\u662f\u4e00\u4e2a\u5f88\u597d\u7684\u4f8b\u5b50\u3002\u8be5\u5021\u8bae\u76ee\u524d\u5df2\u5728\u6469\u5c14\u591a\u74e6\u3001\u83f2\u5f8b\u5bbe\u3001\u80af\u5c3c\u4e9a\u3001\u5b5f\u52a0\u62c9\u56fd\u3001\u6bdb\u91cc\u6c42\u65af\u548c\u83ab\u6851\u6bd4\u514b\u5f00\u5c55\u4e86 9 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FundsChain\uff0c\u6240\u6709\u9879\u76ee\u5229\u76ca\u76f8\u5173\u8005\uff08\u5305\u62ec\u501f\u6b3e\u4eba\u3001\u4f9b\u5e94\u5546\u3001\u5ba1\u8ba1\u5e08\u548c\u6700\u7ec8\u53d7\u76ca\u4eba\uff09\u90fd\u53ef\u4ee5\u770b\u5230\u8d44\u91d1\u7684\u53bb\u5411\u3001\u4f7f\u7528\u65b9\u5f0f\u548c\u65f6\u95f4\uff0c\u4ece\u800c\u5b9e\u73b0\u7aef\u5230\u7aef\u7684\u900f\u660e\u5ea6\uff0c\u6240\u6709\u4ea4\u6613\u5747\u8bb0\u5f55\u5728\u94fe\u4e0a\uff0c\u4f7f\u5229\u76ca\u76f8\u5173\u8005\u80fd\u591f\u5b9e\u65f6\u76d1\u63a7\u8d44\u91d1\u6d41\u5411\u3002<\/p>\n<p>\u4e16\u754c\u94f6\u884c\u4f7f\u7528\u79c1\u6709\u533a\u5757\u94fe\u6784\u5efa FundsChain\uff0c\u662f\u56e0\u4e3a\u4ed6\u4eec\u5e0c\u671b\u638c\u63a7\u8be5\u5e73\u53f0\u53ca\u5176\u672a\u6765\u7684\u53d1\u5c55\u3002\u9274\u4e8e\u5176\u516c\u5171\u90e8\u95e8\u4f7f\u547d\u7684\u654f\u611f\u6027\uff0c\u4ed6\u4eec\u4e0d\u5e0c\u671b\u4f9d\u8d56\u7b2c\u4e09\u65b9\u4f9b\u5e94\u5546\u3002\u4ed6\u4eec\u8fd8\u5e0c\u671b\u786e\u4fdd\u5176\u4f7f\u7528\u7684\u4efb\u4f55\u5e73\u53f0\u90fd\u80fd\u4e0e\u5176\u4ed6\u591a\u8fb9\u5f00\u53d1\u94f6\u884c\u7684\u5e73\u53f0\u4e92\u64cd\u4f5c\uff0c\u4ece\u800c\u5b9e\u73b0\u65e0\u7f1d\u96c6\u6210\u3002<\/p>\n<h4><strong>3.3 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Korenyuk,Digital Assets \u2013 Client, Citi<\/p>\n<h4><strong>3.4 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(UNHCR) \u4f7f\u7528 Stellar \u533a\u5757\u94fe\u5206\u53d1\u4eba\u9053\u4e3b\u4e49\u63f4\u52a9\uff0c\u8fd9\u662f\u533a\u5757\u94fe\u5728\u516c\u5171\u90e8\u95e8\u5f71\u54cd\u7684\u4e00\u4e2a\u5f15\u4eba\u6ce8\u76ee\u7684\u4f8b\u5b50\u3002UNHCR \u5b9e\u65bd\u533a\u5757\u94fe\u6280\u672f\u6765\u7b80\u5316\u8d22\u653f\u63f4\u52a9\u7684\u53d1\u653e\u6d41\u7a0b\uff0c\u5e76\u6210\u529f\u5730\u5c06\u5176\u5e94\u7528\u4e8e\u4e4c\u514b\u5170\u3001\u963f\u6839\u5ef7\u548c\u4e16\u754c\u5176\u4ed6\u5730\u533a\u3002\u533a\u5757\u94fe\u7684\u4e00\u4e2a\u5173\u952e\u4f18\u52bf\u662f\u901a\u8fc7\u6574\u4f53\u6570\u5b57\u5316\u8f6c\u578b\u5de5\u4f5c\u663e\u8457\u8282\u7701\u4e86\u6210\u672c\u3002<\/p>\n<p>\u533a\u5757\u94fe\u8fd8\u5e26\u6765\u4e86\u66f4\u9ad8\u7684\u900f\u660e\u5ea6\u3002\u5728\u8bb8\u591a\u5371\u673a\u60c5\u51b5\u4e0b\uff0c\u6d41\u79bb\u5931\u6240\u8005\u53ef\u80fd\u65e0\u6cd5\u83b7\u5f97\u4f20\u7edf\u7684\u94f6\u884c\u670d\u52a1\u3002\u901a\u8fc7\u4f7f\u7528\u57fa\u4e8e\u533a\u5757\u94fe\u7684\u94b1\u5305\uff0c\u63f4\u52a9\u53d7\u52a9\u4eba\u65e0\u9700\u4f9d\u8d56\u7b2c\u4e09\u65b9\u5373\u53ef\u63a5\u6536\u548c\u4f7f\u7528\u8d44\u91d1\u3002<\/p>\n<p>Denelle Dixon, CEO and Executive Director, Stellar Development Foundation<\/p>\n<h4><strong>3.5 \u8d44\u4ea7\u4ee3\u5e01\u5316<\/strong><\/h4>\n<p>\u4ee3\u5e01\u5316\u6709\u671b\u901a\u8fc7\u4ee3\u5e01\u4ee5\u6570\u5b57\u5316\u65b9\u5f0f\u4ee3\u8868\u73b0\u5b9e\u4e16\u754c\u548c\u91d1\u878d\u8d44\u4ea7\uff0c\u4ece\u800c\u91ca\u653e\u4ef7\u503c\uff0c\u63d0\u9ad8\u6548\u7387\u3001\u900f\u660e\u5ea6\u548c\u53ef\u53ca\u6027\u3002\u5728\u516c\u5171\u90e8\u95e8\uff0c\u4ee3\u5e01\u5316\u53ef\u5e94\u7528\u4e8e\u91d1\u878d\u8d44\u4ea7\u548c\u5b9e\u7269\u8d44\u4ea7\u3002<\/p>\n<p>\u653f\u5e9c\u53ef\u4ee5\u5bf9\u503a\u52a1\u5de5\u5177\u8fdb\u884c\u4ee3\u5e01\u5316\uff0c\u63d0\u9ad8\u503a\u5238\u53d1\u884c\u6548\u7387\uff0c\u5e76\u8ba9\u66f4\u5e7f\u6cdb\u7684\u6295\u8d44\u8005\u80fd\u591f\u53c2\u4e0e\u5176\u4e2d\u3002\u540c\u6837\uff0c\u81ea\u7136\u8d44\u6e90\u548c\u57fa\u7840\u8bbe\u65bd\u8d44\u4ea7\uff08\u4f8b\u5982\u9053\u8def\u3001\u6865\u6881\u548c\u516c\u7528\u4e8b\u4e1a\uff09\u4e5f\u53ef\u4ee5\u4ee5\u6570\u5b57\u4ee3\u5e01\u7684\u5f62\u5f0f\u5448\u73b0\uff0c\u4ece\u800c\u5b9e\u73b0\u66f4\u9ad8\u6548\u5730\u8ffd\u8e2a\u3001\u7ba1\u7406\u548c\u878d\u8d44\u3002<\/p>\n<p>\u9664\u4e86\u6295\u8d44\u53ef\u53ca\u6027\u548c\u90e8\u5206\u6240\u6709\u6743\u6a21\u5f0f\u4e4b\u5916\uff0c\u4ee3\u5e01\u5316\u8fd8\u80fd\u5e2e\u52a9\u91d1\u878d\u673a\u6784\u548c\u516c\u5171\u673a\u6784\u7b80\u5316\u8fd0\u8425\uff0c\u964d\u4f4e\u6548\u7387\u4f4e\u4e0b\u548c\u7cfb\u7edf\u6027\u98ce\u9669\u3002\u901a\u8fc7\u667a\u80fd\u5408\u7ea6\u5b9e\u73b0\u7684\u81ea\u52a8\u5316\u53ef\u4ee5\u6700\u5927\u9650\u5ea6\u5730\u51cf\u5c11\u4e2d\u4ecb\u673a\u6784\uff0c\u63d0\u9ad8\u6d41\u52a8\u6027\uff0c\u5e76\u589e\u5f3a\u516c\u4f17\u5bf9\u516c\u5171\u8d44\u4ea7\u7ba1\u7406\u7684\u4fe1\u4efb\u3002<\/p>\n<p>\u4e00\u4e9b\u673a\u6784\u5df2\u7ecf\u63a2\u7d22\u4e86\u533a\u5757\u94fe\u5728\u6570\u5b57\u503a\u5238\u4e2d\u7684\u5e94\u7528\u3002\u4f8b\u5982\uff0c\u6b27\u6d32\u6295\u8d44\u94f6\u884c (EIB) \u4e8e 2021 \u5e74\u53d1\u884c\u4e86\u5176\u9996\u7b14\u57fa\u4e8e\u533a\u5757\u94fe\u7684\u6570\u5b57\u503a\u5238\uff0c\u91d1\u989d\u4e3a 1 \u4ebf\u6b27\u5143\u3002\u6b64\u6b21\u53d1\u884c\u4e0e\u6cd5\u56fd\u94f6\u884c\u5408\u4f5c\uff0c\u4f7f\u7528\u533a\u5757\u94fe\u8fdb\u884c\u6570\u5b57\u503a\u5238\u7684\u767b\u8bb0\u548c\u7ed3\u7b97\u3002<\/p>\n<p>2022 \u5e74\uff0c\u6b27\u6d32\u6295\u8d44\u94f6\u884c\u542f\u52a8\u4e86 Venus \u9879\u76ee\uff0c\u4f7f\u7528\u592e\u884c\u8d27\u5e01\u4ee5\u6279\u53d1\u578b CBDC \u7684\u5f62\u5f0f\u5728\u79c1\u6709\u533a\u5757\u94fe\u4e0a\u53d1\u884c\u4e86\u5176\u9996\u7b14\u4ee5\u6b27\u5143\u8ba1\u4ef7\u7684\u6570\u5b57\u503a\u5238\u3002\u540c\u6837\uff0c\u745e\u58eb\u5362\u52a0\u8bfa\u5e02\u5728 2023-24 \u5e74\u95f4\uff0c\u5229\u7528\u745e\u58eb\u56fd\u5bb6\u94f6\u884c\u7684\u6279\u53d1\u578b CBDC\uff0c\u5229\u7528\u5206\u5e03\u5f0f\u8d26\u672c\u6280\u672f (DLT)\/\u533a\u5757\u94fe\u6280\u672f\u5b8c\u6210\u4e86\u4e09\u7b14\u503a\u5238\u53d1\u884c\u3002<\/p>\n<p><strong>Promissa \u2013 \u4ee3\u5e01\u5316\u672c\u7968<\/strong><\/p>\n<p>\u8bb8\u591a\u56fd\u9645\u91d1\u878d\u673a\u6784\uff0c\u5305\u62ec\u591a\u8fb9\u5f00\u53d1\u94f6\u884c (MDB)\uff0c\u5176\u8d44\u91d1\u90e8\u5206\u6765\u6e90\u4e8e\u88ab\u79f0\u4e3a\u672c\u7968\u7684\u91d1\u878d\u5de5\u5177\uff0c\u5176\u4e2d\u5927\u591a\u6570\u4ecd\u4ee5\u7eb8\u8d28\u5f62\u5f0f\u5b58\u5728\u3002\u867d\u7136\u73b0\u884c\u7cfb\u7edf\u6846\u67b6\u4e3a\u6210\u5458\u56fd\u5411\u4e16\u754c\u94f6\u884c\u7b49\u516c\u5171\u673a\u6784\u7f34\u7eb3\u8ba4\u8d2d\u6b3e\u548c\u4f1a\u8d39\u63d0\u4f9b\u4e86\u64cd\u4f5c\u63a7\u5236\uff0c\u4f46\u672a\u507f\u4ed8\u672c\u7968\u7684\u6258\u7ba1\u53ef\u4ee5\u6570\u5b57\u5316\uff0c\u4ee5\u5e94\u5bf9\u8fd0\u8425\u6311\u6218\u5e76\u8fdb\u4e00\u6b65\u63d0\u9ad8\u6548\u7387\u3002<\/p>\n<p>Promissa \u9879\u76ee\u7531\u56fd\u9645\u6e05\u7b97\u94f6\u884c\u521b\u65b0\u4e2d\u5fc3\u3001\u745e\u58eb\u56fd\u5bb6\u94f6\u884c\u548c\u4e16\u754c\u94f6\u884c\u5171\u540c\u53d1\u8d77\uff0c\u65e8\u5728\u6784\u5efa\u4e00\u4e2a\u6570\u5b57\u4ee3\u5e01\u5316\u672c\u7968\u7684\u539f\u578b\u5e73\u53f0\u3002Promissa \u9879\u76ee\u63a2\u7d22\u4f7f\u7528\u5206\u5e03\u5f0f\u8d26\u672c\u6280\u672f (DLT) \u7b80\u5316\u672c\u7968\u7ba1\u7406\uff0c\u5e76\u5728\u672c\u7968\u7684\u6574\u4e2a\u751f\u547d\u5468\u671f\u5185\u4e3a\u6240\u6709\u4ea4\u6613\u5bf9\u624b\u63d0\u4f9b\u5355\u4e00\u771f\u5b9e\u4fe1\u606f\u6765\u6e90\u3002\u8fd9\u5c06\u4f7f\u6210\u5458\u56fd\u592e\u884c\u80fd\u591f\u5168\u9762\u4e86\u89e3\u5176\u4e0e\u591a\u8fb9\u5f00\u53d1\u94f6\u884c\u7684\u672a\u507f\u7968\u636e\uff0c\u53cd\u4e4b\u4ea6\u7136\u3002<\/p>\n<p>\u591a\u8fb9\u5f00\u53d1\u94f6\u884c\u95f4\u7684\u672c\u7968\u6570\u91cf\u5de8\u5927\uff1a\u4f8b\u5982\uff0c\u4e16\u754c\u94f6\u884c\u6700\u5927\u7684\u4e24\u5bb6\u673a\u6784\u2014\u2014\u56fd\u9645\u590d\u5174\u5f00\u53d1\u94f6\u884c\uff08IBRD\uff09\u548c\u56fd\u9645\u5f00\u53d1\u534f\u4f1a\uff08IDA\uff09\uff0c\u81ea\u6210\u7acb\u4ee5\u6765\u90fd\u62e5\u6709\u5927\u91cf\u6210\u5458\u56fd\u627f\u8bfa\u7684\u672c\u7968\u3002\u867d\u7136Project Promissa\u9879\u76ee\u65e8\u5728\u91cd\u65b0\u6784\u60f3\u4e00\u4e2a\u201c\u5355\u4e00\u4e8b\u5b9e\u6765\u6e90\u201d\u5e73\u53f0\u89e3\u51b3\u65b9\u6848\uff0c\u4ee5\u7b80\u5316\u6210\u5458\u56fd\u4e0e\u591a\u8fb9\u5f00\u53d1\u94f6\u884c\u4e4b\u95f4\u672c\u7968\u7684\u7ba1\u7406\uff0c\u4f46\u672a\u6765\u53ef\u4ee5\u901a\u8fc7\u6574\u5408\u4ee3\u5e01\u5316\u6216\u73b0\u6709\u7684\u652f\u4ed8\u7cfb\u7edf\uff0c\u5c06\u5176\u6269\u5c55\u5230\u4e0e\u6b64\u7c7b\u672c\u7968\u76f8\u5173\u7684\u652f\u4ed8\u3002<\/p>\n<h4><strong>3.6 \u6570\u5b57\u8eab\u4efd<\/strong><\/h4>\n<p>\u5355\u4e00\u7684\u6570\u5b57\u8eab\u4efd\u53ef\u4ee5\u4f5c\u4e3a\u516c\u5171\u548c\u79c1\u4eba\u4ea4\u6613\u7684\u6709\u6548\u8bc1\u660e\uff0c\u589e\u5f3a\u5b58\u50a8\u5b89\u5168\u6027\u548c\u4fbf\u6377\u6027\u3002\u57fa\u4e8e\u533a\u5757\u94fe\u7684\u6570\u5b57\u8eab\u4efd (ID) \u63d0\u4f9b\u4e86\u4e00\u79cd\u53bb\u4e2d\u5fc3\u5316\u3001\u9632\u7be1\u6539\u7684\u8eab\u4efd\u9a8c\u8bc1\u673a\u5236\uff0c\u4ece\u800c\u964d\u4f4e\u4e86\u6b3a\u8bc8\u548c\u8eab\u4efd\u76d7\u7a83\u7684\u98ce\u9669\u3002<\/p>\n<p>\u6570\u5b57\u8eab\u4efd\u5c06\u57fa\u672c\u670d\u52a1\u6269\u5c55\u5230\u670d\u52a1\u532e\u4e4f\u7684\u793e\u533a\u548c\u90a3\u4e9b\u6ca1\u6709\u5b98\u65b9\u8bc1\u4ef6\u7684\u4eba\u7fa4\uff0c\u4f8b\u5982\u6d41\u79bb\u5931\u6240\u8005\u3002\u7531\u4e8e\u8fd1 8.5 \u4ebf\u4eba\u7f3a\u4e4f\u5b98\u65b9\u8eab\u4efd\u8bc1\u660e\uff0c\u6570\u5b57\u8eab\u4efd\u8bc1\u53ef\u4ee5\u901a\u8fc7\u4f7f\u7528\u751f\u7269\u8bc6\u522b\u548c\u793e\u533a\u9a8c\u8bc1\u7b49\u66ff\u4ee3\u6570\u636e\u8d4b\u4e88\u4e2a\u4eba\u6743\u529b\u3002<\/p>\n<p>\u533a\u5757\u94fe\u7684\u4e0d\u53ef\u7be1\u6539\u7279\u6027\u4e3a\u6bcf\u7b14\u4ea4\u6613\u521b\u5efa\u4e86\u900f\u660e\u7684\u8bb0\u5f55\uff0c\u521b\u5efa\u4e86\u53ef\u9a8c\u8bc1\u7684\u6570\u5b57\u5ba1\u8ba1\u7ebf\u7d22\uff0c\u4ece\u800c\u589e\u5f3a\u4e86\u5b89\u5168\u6027\u548c\u95ee\u8d23\u5236\u3002\u5176\u53bb\u4e2d\u5fc3\u5316\u7684\u67b6\u6784\u548c\u5f3a\u5927\u7684\u52a0\u5bc6\u534f\u8bae\u53ef\u4ee5\u4fdd\u62a4\u4e2a\u4eba\u6570\u636e\u514d\u906d\u6cc4\u9732\u548c\u6b3a\u8bc8\u3002<\/p>\n<p>\u6b64\u5916\uff0c\u81ea\u4e3b\u4e3b\u6743\u8eab\u4efd\u786e\u4fdd\u4e2a\u4eba\u62e5\u6709\u5bf9\u5176\u4fe1\u606f\u7684\u6240\u6709\u6743\u548c\u63a7\u5236\u6743\uff0c\u5e76\u6839\u636e\u9700\u8981\u9009\u62e9\u6027\u5730\u5171\u4eab\u6570\u636e\u3002\u96f6\u77e5\u8bc6\u8bc1\u660e\u7b49\u5148\u8fdb\u6280\u672f\u80fd\u591f\u5728\u4e0d\u6cc4\u9732\u654f\u611f\u4fe1\u606f\u7684\u60c5\u51b5\u4e0b\u9a8c\u8bc1\u8eab\u4efd\u5c5e\u6027\u3002<\/p>\n<p>\u745e\u58eb\u695a\u683c\u5e02\u5c31\u662f\u4e00\u4e2a\u65e9\u671f\u7684\u4f8b\u5b50\uff0c\u8be5\u5e02\u57fa\u4e8e\u4ee5\u592a\u574a\u533a\u5757\u94fe\u7684\u81ea\u4e3b\u6570\u5b57\u8eab\u4efd\u8bc1\uff0c\u4e3a\u5c45\u6c11\u63d0\u4f9b\u5355\u4e00\u3001\u53ef\u9a8c\u8bc1\u7684\u7535\u5b50\u8eab\u4efd\uff0c\u9002\u7528\u4e8e\u5404\u79cd\u5e94\u7528\u3002\u695a\u683c\u5e02\u7684\u533a\u5757\u94fe\u6570\u5b57\u8eab\u4efd\u9879\u76ee\u4e8e2017\u5e74\u542f\u52a8\uff0c\u7531\u4e8e\u590d\u6742\u6027\u548c\u53ef\u7528\u6027\u6709\u9650\u7b49\u4e00\u7cfb\u5217\u56e0\u7d20\uff0c\u8fc4\u4eca\u4e3a\u6b62\u5e94\u7528\u6709\u9650\u3002<\/p>\n<p>2023\u5e74\uff0c\u5df4\u897f\u63a8\u51fa\u4e86\u57fa\u4e8e\u533a\u5757\u94fe\u7684\u65b0\u56fd\u6c11\u8eab\u4efd\u8bc1\u3002\u65b0\u7684\u6570\u5b57\u8eab\u4efd\u8bc1\u53ef\u4ee5\u901a\u8fc7\u79fb\u52a8\u8bbe\u5907\u4f7f\u7528\u9762\u90e8\u8bc6\u522b\u548c\u4e8c\u7ef4\u7801\u8bbf\u95ee\u3002\u8fd9\u4e9b\u8eab\u4efd\u8bc1\u5b58\u50a8\u5728\u540d\u4e3ab-Cadastros\u7684\u79c1\u6709\u533a\u5757\u94fe\u4e0a\uff0c\u7531\u5df4\u897f\u56fd\u6709IT\u670d\u52a1\u516c\u53f8\u6784\u5efa\uff0c\u65e8\u5728\u63d0\u9ad8\u516c\u5171\u673a\u6784\u4e4b\u95f4\u6570\u636e\u5171\u4eab\u7684\u5b89\u5168\u6027\u548c\u53ef\u9760\u6027\u3002<\/p>\n<h4><strong>3.7 \u516c\u5171\u90e8\u95e8\u533a\u5757\u94fe\u5e94\u7528\u9762\u4e34\u7684\u6311\u6218<\/strong><\/h4>\n<p>\u533a\u5757\u94fe\u4e3a\u653f\u5e9c\u670d\u52a1\u5e26\u6765\u5de8\u5927\u6f5c\u529b\uff0c\u5e26\u6765\u8bf8\u591a\u4f18\u52bf\uff0c\u4f8b\u5982\u900f\u660e\u5ea6\u3001\u5b89\u5168\u6027\u548c\u6548\u7387\u3002\u7136\u800c\uff0c\u533a\u5757\u94fe\u7684\u5927\u89c4\u6a21\u5e94\u7528\u4e5f\u9762\u4e34\u7740\u4ee5\u4e0b\u6240\u8ff0\u7684\u91cd\u5927\u6311\u6218\u3002<\/p>\n<p>\u5236\u5b9a\u6807\u51c6\u5316\u534f\u8bae\u548c\u5b9e\u8df5\u5c06\u6709\u52a9\u4e8e\u516c\u5171\u533a\u5757\u94fe\u5728\u94f6\u884c\u548c\u653f\u5e9c\u4e2d\u83b7\u5f97\u66f4\u5e7f\u6cdb\u7684\u8ba4\u53ef\u548c\u4fe1\u4efb\u3002\u4fc3\u8fdb\u516c\u5171\u90e8\u95e8\u548c\u79c1\u8425\u90e8\u95e8\u4e4b\u95f4\u7684\u5408\u4f5c\u53ef\u4ee5\u63a8\u52a8\u521b\u65b0\uff0c\u5e76\u786e\u4fdd\u533a\u5757\u94fe\u89e3\u51b3\u65b9\u6848\u6ee1\u8db3\u6240\u6709\u5229\u76ca\u76f8\u5173\u8005\u7684\u9700\u6c42\u3002<\/p>\n<p>Ricardo Correia,Partner, Bain &amp; Company<\/p>\n<ul>\n<li>\u7f3a\u4e4f\u4fe1\u4efb\uff1a\u8bb8\u591a\u533a\u5757\u94fe\u89e3\u51b3\u65b9\u6848\u4ecd\u5904\u4e8e\u5b9e\u9a8c\u9636\u6bb5\uff0c\u672a\u7ecf\u6d4b\u8bd5\uff0c\u8fd9\u4f7f\u5f97\u5728\u751f\u6001\u7cfb\u7edf\u4e2d\u5efa\u7acb\u4fe1\u4efb\u53d8\u5f97\u56f0\u96be\u3002\u6709\u5fc5\u8981\u63d0\u9ad8\u6574\u4e2a\u751f\u6001\u7cfb\u7edf\u7684\u8ba4\u77e5\u5ea6\u5e76\u57f9\u517b\u76f8\u5173\u6280\u80fd\u3002\u8fd9\u9700\u8981\u65f6\u95f4\u548c\u6295\u8d44\u3002<\/li>\n<li>\u4e92\u64cd\u4f5c\u6027\u548c\u53ef\u6269\u5c55\u6027\uff1a\u5982\u679c\u8981\u5728\u56fd\u5bb6\u6216\u5168\u7403\u8303\u56f4\u5185\u91c7\u7528\u533a\u5757\u94fe\u89e3\u51b3\u65b9\u6848\uff0c\u5b83\u4eec\u9700\u8981\u5177\u5907\u4e92\u64cd\u4f5c\u6027\u548c\u53ef\u6269\u5c55\u6027\uff0c\u4ee5\u5904\u7406\u5927\u91cf\u4ea4\u6613\u3002\u76ee\u524d\u6b63\u5728\u52aa\u529b\u5236\u5b9a\u533a\u5757\u94fe\u7684\u5168\u7403\u6807\u51c6\uff0c\u4f7f\u5176\u5728\u4e0d\u540c\u5e02\u573a\u83b7\u5f97\u5e7f\u6cdb\u8ba4\u53ef\u3002<\/li>\n<li>\u8f6c\u578b\u6311\u6218\uff1a\u5f7b\u5e95\u6539\u9020\u73b0\u6709\u57fa\u7840\u8bbe\u65bd\u53ef\u80fd\u6781\u5177\u6311\u6218\u6027\uff0c\u9700\u8981\u6295\u5165\u5927\u91cf\u7684\u65f6\u95f4\u548c\u8d44\u6e90\u3002\u5b9e\u9645\u6536\u76ca\u8bc1\u636e\u4e0d\u8db3\u3001\u533a\u5757\u94fe\u6280\u672f\u88ab\u8ba4\u4e3a\u4e0d\u6210\u719f\u4ee5\u53ca\u590d\u6742\u7684\u9057\u7559\u7cfb\u7edf\u7684\u5b58\u5728\u8fdb\u4e00\u6b65\u963b\u788d\u4e86\u65b0\u7684\u6295\u8d44\u3002<\/li>\n<li>\u76d1\u7ba1\u95ee\u9898\uff1a\u533a\u5757\u94fe\u7684\u53bb\u4e2d\u5fc3\u5316\u7279\u6027\u7ed9\u5927\u89c4\u6a21\u5e94\u7528\u5e26\u6765\u4e86\u6311\u6218\uff0c\u56e0\u6b64\u9700\u8981\u5efa\u7acb\u76d1\u7ba1\u6846\u67b6\uff0c\u4ee5\u8ba4\u53ef\u533a\u5757\u94fe\u7684\u6cd5\u5f8b\u6027\u8d28\u3001\u5b58\u50a8\u6587\u6863\u7684\u6709\u6548\u6027\u4ee5\u53ca\u53d1\u884c\u7684\u91d1\u878d\u5de5\u5177\u3002\u76d1\u7ba1\u4e0d\u660e\u786e\u51cf\u7f13\u4e86\u533a\u5757\u94fe\u7684\u91c7\u7528\u3002<\/li>\n<li>\u5e94\u5bf9\u6ee5\u7528\u98ce\u9669\uff1a\u867d\u7136\u96be\u4ee5\u91cf\u5316\u975e\u6cd5\u4f7f\u7528\u7684\u52a0\u5bc6\u8d27\u5e01\u89c4\u6a21\uff0c\u4f46\u636e\u4f30\u8ba1\uff0c2024 \u5e74\u975e\u6cd5\u5730\u5740\u63a5\u6536\u4e86 510 \u4ebf\u7f8e\u5143\u7684\u52a0\u5bc6\u8d27\u5e01\uff0c\u6bd4\u4e0a\u4e00\u5e74\u589e\u957f\u4e86 11%\u3002\u7136\u800c\uff0c\u4f5c\u4e3a\u6240\u6709\u94fe\u4e0a\u4ea4\u6613\u91cf\u7684\u767e\u5206\u6bd4\uff0c\u8fd9\u4e2a\u6570\u5b57\u901a\u5e38\u4e0d\u5230 1%\u3002<\/li>\n<\/ul>\n<p><strong>\u53d8\u9769\u963b\u529b\u4e0e\u516c\u4f17\u8ba4\u77e5<\/strong><\/p>\n<p>\u5b9e\u65bd\u533a\u5757\u94fe\u901a\u5e38\u610f\u5473\u7740\u5bf9\u73b0\u6709\u7cfb\u7edf\u7684\u5f7b\u5e95\u6539\u9769\uff0c\u8fd9\u53ef\u80fd\u4f1a\u6539\u53d8\u516c\u804c\u4eba\u5458\u5de5\u4f5c\u7684\u65b9\u65b9\u9762\u9762\uff0c\u5305\u62ec\u4ed6\u4eec\u7684\u65e5\u5e38\u5de5\u4f5c\u3002\u867d\u7136\u6709\u4e9b\u4eba\u53ef\u80fd\u5c06\u533a\u5757\u94fe\u89c6\u4e3a\u6539\u5584\u884c\u653f\u6d41\u7a0b\u7684\u79ef\u6781\u53d8\u9769\uff0c\u4f46\u8bb8\u591a\u4eba\u5f80\u5f80\u4f1a\u62b5\u5236\u5b83\uff0c\u56e0\u4e3a\u4ed6\u4eec\u8ba4\u4e3a\u533a\u5757\u94fe\u662f\u4e00\u79cd\u5a01\u80c1\u3002<\/p>\n<p>\u516c\u4f17\u8ba4\u77e5\u4e5f\u8d77\u7740\u81f3\u5173\u91cd\u8981\u7684\u4f5c\u7528\u3002\u533a\u5757\u94fe\u6709\u65f6\u4f1a\u4e0e\u6295\u673a\u6027\u7684\u52a0\u5bc6\u8d27\u5e01\u5e02\u573a\u548c\u6a21\u56e0\u5e01\u8054\u7cfb\u5728\u4e00\u8d77\uff0c\u63a9\u76d6\u4e86\u5176\u5e95\u5c42\u6280\u672f\u5728\u73b0\u5b9e\u4e16\u754c\u4e2d\u7684\u4f18\u52bf\u3002\u8fd9\u53ef\u80fd\u4f1a\u52a0\u5267\u4eba\u4eec\u7684\u6000\u7591\uff0c\u4ece\u800c\u51cf\u7f13\u5176\u5728\u516c\u5171\u90e8\u95e8\u7684\u4e3b\u6d41\u5e94\u7528\u3002<\/p>\n<p>Saqr Ereiqat, Secretary General, Dubai Digital Asset Association<\/p>\n<h3>\u56db\u3001\u9644\u5f55<\/h3>\n<p><img decoding=\"async\" style=\"margin-left: auto;margin-right: auto\" src=\"https:\/\/cdn-img.panewslab.com\/yijian\/2025\/4\/29\/images\/0af21c30392865edbacfd2b047398347.png\" alt=\"\u82b1\u65d72\u4e07\u5b57\u7814\u62a5\uff1a\u7a33\u5b9a\u5e01\u7684\u201cGPT\u65f6\u523b\u201d\" \/><\/p>\n<h4><strong>4.1 \u7a33\u5b9a\u5e01\u76d1\u7ba1\uff1aGENIUS Act \u4e0e STABLE Act<\/strong><\/h4>\n<p>\u672c\u8282\u91cd\u70b9\u4ecb\u7ecd\u7f8e\u56fd\u56fd\u4f1a\u76ee\u524d\u6b63\u5728\u5ba1\u8bae\u7684\u4e24\u9879\u4e3b\u8981\u7a33\u5b9a\u5e01\u7acb\u6cd5\u3002\u8fd9\u4e24\u9879\u7acb\u6cd5\u90fd\u65e8\u5728\u5efa\u7acb\u4e00\u4e2a\u76d1\u7ba1\u6846\u67b6\uff0c\u5c06\u7a33\u5b9a\u5e01\u7eb3\u5165\u4e3b\u6d41\u91d1\u878d\u751f\u6001\u7cfb\u7edf\u3002<\/p>\n<p>\u300a\u5f15\u5bfc\u548c\u5efa\u7acb\u7f8e\u56fd\u7a33\u5b9a\u5e01\u56fd\u5bb6\u521b\u65b0\u6cd5\u6848\u300b\uff08GENIUS Act\uff09\u63d0\u51fa\u4e86\u4e00\u79cd\u53cc\u7ba1\u9f50\u4e0b\u7684\u76d1\u7ba1\u65b9\u6cd5\uff0c\u6839\u636e\u7a33\u5b9a\u5e01\u53d1\u884c\u4eba\u7684\u5e02\u503c\u6c34\u5e73\u8fdb\u884c\u76d1\u7ba1\u3002<\/p>\n<p>\u603b\u5e02\u503c\u4f4e\u4e8e 100 \u4ebf\u7f8e\u5143\u7684\u7a33\u5b9a\u5e01\u53d1\u884c\u4eba\u53ef\u4ee5\u9009\u62e9\u63a5\u53d7\u5dde\u7ea7\u76d1\u7ba1\u673a\u6784\u7684\u76d1\u7ba1\uff08\u5982\u679c\u5dde\u7ea7\u76d1\u7ba1\u5236\u5ea6\u4e0e\u8054\u90a6\u76d1\u7ba1\u6846\u67b6\u57fa\u672c\u76f8\u4f3c\uff09\u3002\u5e02\u503c\u8d85\u8fc7 100 \u4ebf\u7f8e\u5143\u95e8\u69db\u7684\u53d1\u884c\u4eba\u5c06\u63a5\u53d7\u8054\u90a6\u76d1\u7ba1\u3002\u94f6\u884c\u548c\u975e\u94f6\u884c\u673a\u6784\u5747\u53ef\u5728\u83b7\u5f97\u76d1\u7ba1\u673a\u6784\u6279\u51c6\u7684\u60c5\u51b5\u4e0b\u53d1\u884c\u7a33\u5b9a\u5e01\u3002<\/p>\n<p>\u8be5\u6cd5\u6848\u6982\u8ff0\u4e86\u53d1\u884c\u4eba\u7684\u4e49\u52a1\uff0c\u5305\u62ec 1:1 \u50a8\u5907\u652f\u6301\u3001\u62ab\u9732\u548c\u8d4e\u56de\u7a0b\u5e8f\u3001\u6bcf\u6708\u50a8\u5907\u6784\u6210\u62a5\u544a\u548c\u8bc1\u660e\u3001\u5ba1\u614e\u6807\u51c6\u4ee5\u53ca\u4e00\u7cfb\u5217\u6d88\u8d39\u8005\u4fdd\u62a4\u63aa\u65bd\u3002<\/p>\n<p>\u7b2c\u4e8c\u9879\u7acb\u6cd5\u662f\u300a2025 \u5e74\u7a33\u5b9a\u5e01\u900f\u660e\u5ea6\u548c\u95ee\u8d23\u5236\u4fc3\u8fdb\u66f4\u4f73\u8d26\u672c\u7ecf\u6d4e\u6cd5\u6848\u300b\uff08STABLE Act\uff09\u3002\u8be5\u6cd5\u6848\u5728\u5141\u8bb8\u53d1\u884c\u7a33\u5b9a\u5e01\u7684\u516c\u53f8\u7c7b\u578b\u65b9\u9762\u4e0e\u300aGENIUS \u6cd5\u6848\u300b\u6709\u5f88\u591a\u76f8\u4f3c\u4e4b\u5904\uff0c\u5e76\u4e14\u5bf9\u53d1\u884c\u4eba\u7ef4\u6301 1:1 \u50a8\u5907\u7684\u8981\u6c42\u7c7b\u4f3c\uff08\u4f46\u5728\u50a8\u5907\u6784\u6210\u65b9\u9762\u6709\u6240\u4e0d\u540c\uff09\uff0c\u5728\u4fe1\u606f\u62ab\u9732\u3001\u6bcf\u6708\u8bc1\u660e\u7b49\u65b9\u9762\u4e5f\u6709\u7c7b\u4f3c\u7684\u8981\u6c42\u3002\u4e0e\u300aGENIUS \u6cd5\u6848\u300b\u4e0d\u540c\uff0c\u8be5\u6cd5\u6848\u4e0d\u4ee5 100 \u4ebf\u7f8e\u5143\u7684\u5e02\u573a\u95e8\u69db\u6765\u533a\u5206\u53d1\u884c\u4eba\u3002<\/p>\n<p>\u9274\u4e8e\u8fd9\u4e9b\u6cd5\u6848\u5c06\u8d4b\u4e88\u67d0\u4e9b\u7a33\u5b9a\u5e01\u53d1\u884c\u4eba\u9009\u62e9\u52a0\u5165\u5dde\u7ea7\u76d1\u7ba1\u5236\u5ea6\u7684\u80fd\u529b\uff0c\u5b83\u4eec\u53ef\u80fd\u4f1a\u9020\u6210\u76d1\u7ba1\u5957\u5229\u98ce\u9669\uff0c\u5373\u4e00\u4e9b\u5dde\u53ef\u80fd\u4f1a\u5f15\u5165\u4e0d\u592a\u4e25\u683c\u7684\u5236\u5ea6\u6765\u5438\u5f15\u7a33\u5b9a\u5e01\u53d1\u884c\u4eba\u3002\u5dde\u7ea7\u76d1\u7ba1\u5236\u5ea6\u7684\u5dee\u5f02\u53ef\u80fd\u4f1a\u4f7f\u94f6\u884c\u96be\u4ee5\u4e0e\u53d7\u591a\u79cd\u4e0d\u540c\u76d1\u7ba1\u5236\u5ea6\u7ea6\u675f\u7684\u53d1\u884c\u4eba\u5f00\u5c55\u4e1a\u52a1\u3002<\/p>\n<p>\u867d\u7136\u8fd9\u4e24\u9879\u6cd5\u6848\u90fd\u4e3a\u94f6\u884c\u63d0\u4f9b\u7a33\u5b9a\u5e01\u652f\u4ed8\u670d\u52a1\u6253\u5f00\u4e86\u5927\u95e8\uff0c\u5305\u62ec\u63d0\u4f9b\u6258\u7ba1\u670d\u52a1\u3001\u79c1\u94a5\u6216\u652f\u4ed8\u7a33\u5b9a\u5e01\u7684\u50a8\u5907\u652f\u6301\uff0c\u4f46\u786e\u4fdd\u7acb\u6cd5\u63d0\u4f9b\u9002\u5f53\u7684\u975e\u6cd5\u878d\u8d44\u4fdd\u62a4\u63aa\u65bd\uff0c\u5c06\u662f\u4f7f\u94f6\u884c\u80fd\u591f\u5145\u5206\u5229\u7528\u6b64\u7c7b\u673a\u4f1a\u7684\u5173\u952e\u3002<\/p>\n<p>\u8fd9\u4e24\u9879\u6cd5\u6848\u90fd\u5c06\u5728\u9881\u5e03\u4e4b\u65e5\u8d77 18 \u4e2a\u6708\u540e\uff08\u5177\u4f53\u65e5\u671f\u5f85\u5b9a\uff09\u6216\u8054\u90a6\u94f6\u884c\u76d1\u7ba1\u673a\u6784\u53d1\u5e03\u6700\u7ec8\u5b9e\u65bd\u6761\u4f8b\u4e4b\u65e5\u8d77 120 \u5929\u540e\u751f\u6548\uff0c\u4ee5\u8f83\u65e9\u8005\u4e3a\u51c6\u3002\u8fd9\u4e24\u9879\u6cd5\u6848\u90fd\u5fc5\u987b\u7ecf\u8fc7\u534f\u8c03\u7a0b\u5e8f\uff0c\u7531\u4f17\u8bae\u9662\u548c\u53c2\u8bae\u9662\u5168\u4f53\u5c31\u540c\u4e00\u7248\u672c\u7684\u7acb\u6cd5\u8fdb\u884c\u6295\u7968\uff0c\u7136\u540e\u624d\u80fd\u901a\u8fc7\u6210\u4e3a\u6cd5\u5f8b\u3002\u5728\u6b64\u8fc7\u7a0b\u4e2d\uff0c\u6cd5\u6848\u4ecd\u6709\u53ef\u80fd\u5728\u5b9e\u8d28\u5185\u5bb9\u4e0a\u53d1\u751f\u4fee\u6539\u3002<\/p>\n<h4><strong>4.2 \u516c\u6709\u94fe vs. 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\u7b49\u5171\u8bc6\u673a\u5236\u5b9e\u73b0\u3002<\/li>\n<li>\u900f\u660e\u5ea6\u548c\u53ef\u5ba1\u8ba1\u6027\uff1a\u516c\u6709\u94fe\u786e\u4fdd\u4ea4\u6613\u88ab\u6c38\u4e45\u8bb0\u5f55\u5e76\u516c\u5f00\u8bbf\u95ee\u3002\u8fd9\u79cd\u900f\u660e\u5ea6\u589e\u5f3a\u4e86\u95ee\u8d23\u5236\uff0c\u51cf\u5c11\u4e86\u8150\u8d25\uff0c\u5e76\u6709\u52a9\u4e8e\u589e\u5f3a\u5bf9\u91d1\u878d\u4f53\u7cfb\u7684\u4fe1\u4efb\u3002<\/li>\n<li>\u4e92\u64cd\u4f5c\u6027\u548c\u5f00\u653e\u53ef\u8bbf\u95ee\u6027\uff1a\u5728\u516c\u6709\u94fe\u4e0a\u53d1\u884c\u7684\u7a33\u5b9a\u5e01\u53ef\u7528\u4e8e\u591a\u79cd\u5e94\u7528\u7a0b\u5e8f\u548c\u670d\u52a1\uff0c\u65e0\u9700\u8fdb\u884c\u81ea\u5b9a\u4e49\u96c6\u6210\u3002\u5b83\u4eec\u8fd8\u4fc3\u8fdb\u4e86\u5168\u7403\u53ef\u8bbf\u95ee\u6027\uff0c\u4efb\u4f55\u6709\u4e92\u8054\u7f51\u8fde\u63a5\u7684\u4eba\u90fd\u53ef\u4ee5\u8bbf\u95ee\u548c\u4f7f\u7528\u5b83\u4eec\u3002<\/li>\n<li>\u5b89\u5168\u6027\u548c\u5f39\u6027\uff1a\u516c\u6709\u94fe\u7684\u53bb\u4e2d\u5fc3\u5316\u7279\u6027\uff0c\u7531\u5e9e\u5927\u7684\u8282\u70b9\u7f51\u7edc\u548c\u52a0\u5bc6\u673a\u5236\u4fdd\u62a4\uff0c\u4f7f\u5176\u4e0e\u79c1\u6709\u7cfb\u7edf\u76f8\u6bd4\uff0c\u66f4\u80fd\u62b5\u5fa1\u5355\u70b9\u6545\u969c\u3001\u7f51\u7edc\u653b\u51fb\u548c\u4e2d\u5fc3\u5316\u653b\u51fb\u3002<\/li>\n<\/ul>\n<p>\u53e6\u4e00\u65b9\u9762\uff0c\u516c\u6709\u94fe\u53ef\u80fd\u5e76\u4e0d\u9002\u5408\u6240\u6709\u7528\u4f8b\uff1a<\/p>\n<ul>\n<li>\u53ef\u6269\u5c55\u6027\u548c\u4ea4\u6613\u541e\u5410\u91cf\uff1a\u516c\u6709\u94fe\u53ef\u80fd\u5728\u4ea4\u6613\u541e\u5410\u91cf\u65b9\u9762\u5b58\u5728\u56f0\u96be\uff0c\u5c24\u5176\u662f\u5728\u5904\u7406\u5927\u91cf\u4ea4\u6613\u65f6\uff0c\u8fd9\u4f1a\u5bfc\u81f4\u4ea4\u6613\u5904\u7406\u901f\u5ea6\u53d8\u6162\u4e14\u8d39\u7528\u66f4\u9ad8\u3002\u8fd9\u4f7f\u5f97\u5b83\u4eec\u4e0d\u592a\u9002\u5408\u5904\u7406\u5927\u5bb9\u91cf\u3001\u5b9e\u65f6\u7684\u91d1\u878d\u4ea4\u6613\u3002<\/li>\n<li>\u7f3a\u4e4f\u9690\u79c1\u548c\u533f\u540d\u6027\uff1a\u7531\u4e8e\u6240\u6709\u4ea4\u6613\u90fd\u662f\u516c\u5f00\u53ef\u89c1\u7684\uff0c\u516c\u6709\u94fe\u53ef\u80fd\u5e76\u975e\u5904\u7406\u654f\u611f\u91d1\u878d\u6216\u5176\u4ed6\u653f\u5e9c\u6570\u636e\u7684\u7406\u60f3\u9009\u62e9\u3002\u533f\u540d\u6027\u53ef\u80fd\u56e0\u533a\u5757\u94fe\u7684\u7c7b\u578b\u800c\u5f02\u3002<\/li>\n<li>\u76d1\u7ba1\u5408\u89c4\u6311\u6218\uff1a\u516c\u6709\u94fe\u7684\u533f\u540d\u6027\u4f7f\u5f97\u53cd\u6d17\u94b1 (AML) \u548c\u201c\u4e86\u89e3\u4f60\u7684\u5ba2\u6237\u201d(KYC) \u6cd5\u89c4\u7684\u6267\u884c\u53d8\u5f97\u56f0\u96be\u3002\u653f\u5e9c\u53ef\u80fd\u96be\u4ee5\u8ffd\u8e2a\u975e\u6cd5\u91d1\u878d\u6d3b\u52a8\u6216\u6709\u6548\u6267\u884c\u91d1\u878d\u653f\u7b56\u3002<\/li>\n<li>\u5b9a\u5236\u5316\u7a0b\u5ea6\u6709\u9650\uff1a\u867d\u7136\u5728\u516c\u94fe\u4e0a\u53d1\u884c\u7684\u7a33\u5b9a\u5e01\u63d0\u4f9b\u4e86\u6210\u719f\u7684\u6846\u67b6\uff0c\u4f46\u5b83\u4eec\u5728\u9488\u5bf9\u7279\u5b9a\u7528\u4f8b\u5b9a\u5236\u89e3\u51b3\u65b9\u6848\u65b9\u9762\u7075\u6d3b\u6027\u6709\u9650\u3002<\/li>\n<\/ul>\n<p>\u653f\u7b56\u5236\u5b9a\u8005\u548c\u98ce\u9669\u7ba1\u7406\u8005\u53ef\u80fd\u8fd8\u9700\u8981\u8003\u8651\u5176\u4ed6\u95ee\u9898\uff1a(1) \u6b63\u5e38\u8fd0\u884c\u65f6\u95f4\u548c\u53ef\u9760\u6027\uff0c\u4ee5\u53ca (2) 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&amp; \u7f16\u8bd1\uff1aWeb3 \u5c0f\u5f8b \u516c\u5171\u533a\u5757\u94fe\u7f51\u7edc\u7684\u8d77\u6e90\u53ef\u4ee5\u8ffd\u6eaf\u5230 2008 \u5e74\u6bd4\u7279\u5e01\u767d\u76ae\u4e66\u7684\u53d1\u5e03\u4ee5\u53ca 2 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