{"id":76675,"date":"2022-04-20T09:58:00","date_gmt":"2022-04-20T09:58:00","guid":{"rendered":"https:\/\/cn.cryptonews.com\/?p=76675"},"modified":"2023-06-26T11:27:27","modified_gmt":"2023-06-26T11:27:27","slug":"guo-ji-huo-bi-ji-jin-zu-zhi-imf-dui-qu-zhong-xin-hua-jin-rong-defi-de-guan-zhi-jian-yi-bao-kuo-zhe-liang-ge-bu-zhou","status":"publish","type":"post","link":"https:\/\/cryptonews.com\/cn\/news\/guo-ji-huo-bi-ji-jin-zu-zhi-imf-dui-qu-zhong-xin-hua-jin-rong-defi-de-guan-zhi-jian-yi-bao-kuo-zhe-liang-ge-bu-zhou\/","title":{"rendered":"\u56fd\u9645\u8d27\u5e01\u57fa\u91d1\u7ec4\u7ec7 (IMF) \u5bf9\u53bb\u4e2d\u5fc3\u5316\u91d1\u878d (DeFi) \u7684\u7ba1\u6cbb\u5efa\u8bae\u5305\u62ec\u8fd9\u4e24\u4e2a\u6b65\u9aa4"},"content":{"rendered":"
来源：Adobe\/Vector Archive<\/figcaption><\/figure>

国际货币基金组织（IMF\/ International Monetary Fund）提出了一系列旨在规范去中心化金融（<\/strong>DeFi<\/strong><\/a>\/ decentralized finance）产业的措施。<\/strong><\/p>

该机构在其全球金融稳定<\/strong>报告<\/strong><\/a>的最新章节中阐述了其初步的建议，该报告题目为 “金融科技 (Fintech) 的快速增长：金融稳定的脆弱性和挑战”。<\/strong><\/p>

在该文件中，该报告的作者建议“作为第一步”，监管应侧重于“促进 DeFi 发展的加密资产生态系统的一些要素” — 即稳定币发行商 (stablecoin issuers)、中心化的加密货币交易所 (centralized crypto exchanges) 和托管钱包服务供应商 (hosted wallet service providers)。<\/strong><\/p>

然而，国际货币基金组织还声称，这种拟议的监督管理也可以扩展到储备金经理人员 (reserve managers)、网路管理员 (network administrators) 和做市商 (market makers) — 该机构写道，所有这些人都将“受益于透过规格制定机构所提供的共同全球标准来履行强大而全面的国家监管框架。”<\/strong><\/p>

作者建议，“加密资产生态系统”中的此类“中心化实体”可以为监管机构提供“有效的联络人，以应对 DeFi 快速增长的风险”。<\/strong><\/p>

但作者还概述了监管政策的“第二步”，这将涉及国家当局“直接”监管他们所谓的“DeFi 当中的关键功能”。<\/strong><\/p>

作者解释说，此类“措施”“可能包括”“在代码监管方面的公私合作 (a public-private collaboration on code regulation)”，透过“关于操作和风险参数的<\/strong>事前<\/strong><\/a>指导方针或事后代码审查和审计，以便可以识别易受风险影响的领域，进而帮助实现政策目标。”<\/strong><\/p>

该机构建议提高透明度并加强“用户教育以帮助识别平台的特定风险”，并声称这将缩小“散户和机构投资者之间的讯息差距”。<\/strong><\/p><\/blockquote>

除了制定产业规范外，该机构还建议 DeFi 产业“建立自律组织”，声称“一个透明且可信任的治理体系可以改善风险的管理，促进金融交易的良好进行，并最终吸引更多的用户和资本前往各个交易平台。”<\/strong><\/p>

但对于监管机构而言，更重要的是，IMF 认为这种管治体系的模式“可能成为监管机构与之互动的自然切入点”。<\/strong><\/p>

而且，IMF 可能对日本的中心化加密货币交易产业（主要是自我监管的）有些许的关注，因此建议“就像在传统证券市场中一样，集中式加密货币交易所的自律组织将会为 DeFi 平台带来更严格的 (代币) 上市标准，进而改善其平台的管理和品质。”<\/strong><\/p>

作者承认，监管在 DeFi 领域可能会很棘手 — 因为到目前为止，即使是对集中式加密资产领域的监管也被证明是“具有挑战性的”。虽然不排除采用更严厉的方法，但作者承认这可能会产生不良的连锁反应，并解释说：<\/strong><\/p>

“一种可能的方法是限制受监管公司对 DeFi 市场（尤其是不受适当监管或自我监管的市场）的接触管道，这种限制可能会减缓 DeFi 市场增长的步伐，同时也解决其与受监管市场相互关联所引发的风险。”<\/strong><\/p><\/blockquote>

然而，重点并非完全放在降低风险和监管上面，同时也讨论了采用 DeFi 市场的好处。 IMF 报告的作者还指出，DeFi “有可能透过绕开和缩短中介链来展现具有成本效益的金融中介”。<\/strong><\/p>

但是，作者警告说，“比较 DeFi 和传统金融机构之间的成本和价格”是一个“复杂”的事情，因为“两者目前在不同的生态系统中运作”。<\/strong><\/p>

尽管国际货币基金组织曾警告 DeFi 会带来“更大的风险和不确定性”，但它承认该产业“有可能以更高的效率提供金融服务，成为吸引大量加密货币投资者的一股强大动力。”<\/strong><\/p>","protected":false},"excerpt":{"rendered":"

来源：Adobe\/Vector Archive国际货币基金组织（IMF\/ International Monetary Fund）提出了一系列旨在规范去中心化金融（DeFi\/ decentralized finance）产业的措施。该机构在其全球金融稳定报告的最新章节中阐述了其初步的建议，该报告题目为 “金融科技 (Fintech) 的快速增长：金融稳定的脆弱性和挑战”。在该文件中，该报告的作者建议“作为第一步”，监管应侧重于“促进 DeFi 发展的加密资产生态系统的一些要素” — 即稳定币发行商 (stablecoin issuers)、中心化的加密货币交易所 (centralized crypto exchanges) 和托管钱包服务供应商 (hosted wallet service providers)。然而，国际货币基金组织还声称，这种拟议的监督管理也可以扩展到储备金经理人员 (reserve managers)、网路管理员 (network administrators) 和做市商 (market makers) — 该机构写道，所有这些人都将“受益于透过规格制定机构所提供的共同全球标准来履行强大而全面的国家监管框架。”作者建议，“加密资产生态系统”中的此类“中心化实体”可以为监管机构提供“有效的联络人，以应对 DeFi 快速增长的风险”。但作者还概述了监管政策的“第二步”，这将涉及国家当局“直接”监管他们所谓的“DeFi 当中的关键功能”。作者解释说，此类“措施”“可能包括”“在代码监管方面的公私合作 (a public-private collaboration on code regulation)”，透过“关于操作和风险参数的事前指导方针或事后代码审查和审计，以便可以识别易受风险影响的领域，进而帮助实现政策目标。” 该机构建议提高透明度并加强“用户教育以帮助识别平台的特定风险”，并声称这将缩小“散户和机构投资者之间的讯息差距”。 除了制定产业规范外，该机构还建议 DeFi 产业“建立自律组织”，声称“一个透明且可信任的治理体系可以改善风险的管理，促进金融交易的良好进行，并最终吸引更多的用户和资本前往各个交易平台。”但对于监管机构而言，更重要的是，IMF 认为这种管治体系的模式“可能成为监管机构与之互动的自然切入点”。而且，IMF 可能对日本的中心化加密货币交易产业（主要是自我监管的）有些许的关注，因此建议“就像在传统证券市场中一样，集中式加密货币交易所的自律组织将会为 DeFi 平台带来更严格的 (代币) 上市标准，进而改善其平台的管理和品质。”作者承认，监管在 DeFi 领域可能会很棘手 — […]<\/p>\n","protected":false},"author":47,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[10,1],"tags":[],"editors":[],"sponsored_companies":[],"class_list":["post-76675","post","type-post","status-publish","format-standard","hentry","category-defi-news","category-news"],"acf":[],"yoast_head":"\n\u56fd\u9645\u8d27\u5e01\u57fa\u91d1\u7ec4\u7ec7 (IMF) \u5bf9\u53bb\u4e2d\u5fc3\u5316\u91d1\u878d (DeFi) \u7684\u7ba1\u6cbb\u5efa\u8bae\u5305\u62ec\u8fd9\u4e24\u4e2a\u6b65\u9aa4<\/title>\n<meta name=\"description\" content=\"来源：Adobe\/Vector Archive国际货币基金组织（IMF\/ International Monetary\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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