Anndy Lian: Keynote Speech at Blockchain Summit LatAm 2021

Anndy Lian: Keynote Speech at Blockchain Summit LatAm 2021

Decentralized crypto initiatives and government moves to co-opt crypto show that Latin American is at the crossroads of a revolution in crypto adoption, said Anndy Lian, Chairman of BigONE Exchange, following a successful Blockchain Summit LatAm, which ended on September 10.

“The news that El Salvador has launched Bitcoin as legal tender is encouraging news for the whole region, but such a decentralized currency needs to include education and practical tools for everyday use that are built with its users in mind – principles which are at the heart of our own global exchange,” he added.

The trend towards greater use of cryptocurrency in Latin America is not hard to see. Between 2017 and 2020, the bitcoin volume in Latin America has an average of 6% of the volume of BTC globally. In March 2020, Latin America had a 15.8% share, compared to 6% in the US. In April 2021, the Latin American countries with the highest volume of cryptocurrencies are Colombia, with 45% of bitcoin volume in the region; followed by Peru with 13%; Chile with 12%; Mexico with 11%; and Brazil with 11%.

Another trend is the growing commitment from Latin American governments to advance central bank digital currencies (CBDCs), with the Central Bank of Venezuela launching its CBDC in October. The region’s regulators aren’t uniformly in favor of cryptocurrency, however, so progress its likely to be uneven.

While the LatAm conference was taking place Mauricio Moura, a director of the Central Bank of Brazil, stated that anonymity when using crypto won’t be a choice for users in future, an approach likely to be followed by other Latin American governments. Nevertheless, Visa’s vice president of new business in Brazil stated recently that the company will be testing direct bitcoin payments this year.

The potential of decentralized digital assets to disrupt Latin American markets isn’t going away any time soon however, especially with the global boom in the market for NFTs.  In Latin America culture, where art, design, music, and sports are celebrated, the NFT market is starting to grow, such as Influxo’s Ronaldinho NFT supported by BigONE, which will be launched shortly. Although NFTs are still relatively new to Latin America marketplaces, it’s a part of the revolution in crypto adoption that will only increase in popularity.

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Anndy Lian Joins EG Association as Non Executive Chair “Social Impact Supercharged Using Blockchain”

Anndy Lian Joins EG Association as Non Executive Chair “Social Impact Supercharged Using Blockchain”

Anndy Lian has joined EG Association as their Non Executive Chairman. The EG Association, a social impact-driven organization leveraging the power of blockchain technologies. The association is a non-profit organization that serves to bring and influence social impact activities to all regions of the world.

The mission is to leverage community action and blockchain technologies to grow a global movement that defies the status quo and makes profitability intrinsically linked to positive social impact. This means that the EG Association acts as the real-world gateway – governing social impact activities on the ground such as donations, sponsorships, social entrepreneurship, and community actions.

Anndy is the Chairman of the Korea eSports Industry and BigONE Exchange. He is also the Chief Digital Advisor to Mongolia’s national productivity agenda. Previously, he was an Advisory Board member for Hyundai DAC and Blockchain Advisor to Asian Productivity Organisation.

“I am delighted to be part of the association as their Non Executive Chair. The identity as a non-profit organisation is easier for us to reach out to the masses and seeking partnerships with corporations and governments. By far, more than $3 million is donated. We have also partnered with ZHC on other initiatives. The association’s agenda is straight forward and we will continue to help communities with actionable deliverables.” Anndy Lian said.

He is welcomed by Alexander Gambon, Chief Brand Officer and Danijela Svircic, VP of Social Impact & Partnerships on this video. Both Alexander and Danijela have also shared their perspectives and through the creation of the volunteer programme, we aim to build a global network of people supporting various causes in their local communities.

To find out more about EG Association, visit www.eg-a.com.

The full video can be

 

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Anndy Lian Joins the EG Association as Non-Executive Chairman

Anndy Lian Joins the EG Association as Non-Executive Chairman

The EG Association, a social impact-driven organization leveraging the power of blockchain technologies, is pleased to announce that Anndy Lian will be joining their leadership board as a Non-Executive Chairman. His core duties include providing leadership and advice to the board, effectively supporting the goal to maintain a decentralized and functioning board governance structure.

(Anndy Lian giving a keynote speech at the 2018 Huobi Carnival)

The EG Association is a non-profit organization that serves to bring and influence social impact activities to all regions of the world. The establishment of the organization was a response to the need for the cryptocurrency ELONGATE to effectively deploy its social impact initiatives on the ground. With a mutual working structure, Elongate shall provide the technological solutions for the EG Association’s global initiatives. The association’s mission is to leverage community action and blockchain technologies to grow a global movement that defies the status quo and makes profitability intrinsically linked to positive social impact. This means that the EG Association acts as the real-world gateway – governing social impact activities on the ground such as donations, sponsorships, social entrepreneurship, and community action – effectively empowering the blockchain-based efforts of Elongate and its crypto community. Within its first few months of operation, Elongate has donated over $3,000,000 USD to charitable partner organizations as well as achieved full incorporation of two legal entities.

As the President of the EG Association, Lorenzo Andree says on Anndy’s appointment: “Besides his subject matter expertise, Anndy is an amazing human being who supports social impact in local communities. His thought leadership will be of essence for our journey, and we are beyond excited to drive social impact together in the next few months.”

Anndy Lian is a seasoned business strategist and an intergovernmental expert with over 15 years of experience in Asia. Currently acting as the Chief Digital Advisor to Mongolia’s national productivity agenda, he is also the Chairman for the Korea eSports Industry, BigONE Exchange and was previously an Advisory Board member for Hyundai DAC. He has provided advisory across a variety of industries for local, international & public listed companies. Anndy has played a pivotal role in nonprofit and quasi government linked organizations. He is an early blockchain adopter and experienced serial entrepreneur, a best-selling author of the book Blockchain Revolution 2030, an investor, board member and keynote speaker. Anndy brings all of his experience and expertise to the EG Association and will play a key role in advising the current board members on blockchain as a real-world utility with a special focus on the Asian market.

“With Elongate providing the technology to connect the blockchain and its enthusiasts to charitable giving, we can bring social impact globally. We are excited to show the world what we’ve constantly been working on. Building schools, providing relief to challenged communities, and educating about the positive impacts of blockchain, are just some of the initiatives we intend to share with everyone soon. In closing, Anndy said: “The EG Association shall always use the blockchain for good. To bring modern social impact is to ignite a revolution that leverages the power of the digital era, and we shall do it one country at a time.”

Source: TIME.COM

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Anndy Lian: “DeFi will be too profitable to simply kill off with regulation”

Anndy Lian: “DeFi will be too profitable to simply kill off with regulation”

Decentralized finance (DeFi) poses both opportunities and challenges for governments and regulators coming out of the pandemic. Take the case of the USA where tricky new regulations around crypto have been tacked on the key infrastructure bill, lead by Senator Elizabeth Warren, including her urging Treasury Secretary Janet Yellen to identify and remedy risks posed by cryptocurrencies.

At the same time, you have countries like Kazakhstan, Canada, U.S.A. is benefiting from the migration of crypto miners following China’s crackdown, now allowing bitcoin to be used by their banks. The task for the DeFi sector is to carry on educating Governments and regulators on the benefits of DeFi especially in parts of the world where banking is hard to access, and in promoting crypto entrepreneurship for the future. Nevertheless, governments are trying to know more to get themselves fitted with the new DeFi trends.

DeFi is here to stay, that’s worth saying first and foremost. What shape it takes, and how much it will be a benefit to everyone rather than a select few, depends on all stakeholders working together. DeFi startups that take a proactive attitude, following best practices, and in dialogue with their regulators, will be in the best position to advance not just their business but also the interests of their customers. Obviously, recent examples such as Binance reigning in the amount of leverage they are offering for futures contracts show that it’s prudent to take account of the regulatory landscape.

As a pro-government crypto advisor myself, I emphasise the value of working with regulators and the public to explain the risks involved in different products are vital.

 

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Regulators are Coming for the DeFi Goose and Its Golden Eggs

  • There are two big sources of ambiguity: one is conceptual and linguistic, and the other relates to international consistency.
  • DeFi’s survival is “guaranteed” by the fact that it’s much too lucrative for governments to completely hobble it.

Regulation is becoming a very hot topic in the crypto industry as governments try to understand how they should respond to this still relatively new phenomenon. With United States-based crypto companies now fighting the infrastructure bill battle in the House after a defeat in the Senate, the industry could potentially look very different in a few years, after recently proposed rule changes have been implemented.

Various sub-sectors within crypto will likely be affected in different ways by incoming regulation, but one area that may be affected more than most is decentralized finance (DeFi). This is largely because, due to its arguably decentralized nature, it would potentially be very hard to carry out know-your-customer (KYC) and anti-money laundering (AML) checks on users if it becomes truly decentralized.

According to industry figures who spoke to Cryptonews.com, DeFi is currently dogged by vagueness, ambiguity and inconsistency in the application of existing rules, as well as proposed new laws. However, while most observers agree that DeFi will likely suffer from ongoing regulatory uncertainty in the short-to-medium term, they also say that regulators will ultimately choose to adopt guidelines that nurture – rather than nuke – the fledgling sector.

Ambiguity…and more ambiguity

The aforementioned infrastructure bill provides a good example of the kind of minefield that current and incoming regulations present to the DeFi world.

The original draft of the bill included decentralized exchanges and peer-to-peer marketplaces in its definition of “broker,” thereby encompassing much of DeFi with its proposal to subject all “brokers” to the requirement to report large transactions to the Internal Revenue Service (IRS).

Coin Center executive director Jerry Brito celebrated an amendment that sought to remove both decentralized exchanges and peer-to-peer marketplaces from the scope of the bill. However, a subsequent proposed amendment proposed altering the language yet again, so that only proof-of-work mining appeared to be excluded by the new definition of “broker.”

This isolated example illustrates just how tricky it will be for DeFi players to navigate future regulations.

But there are plenty more examples of this kind of lack of clarity and certainty. It’s a common feature of pretty much all laws and regulations that will affect the DeFi sector, from the European Commission’s recent anti-money laundering proposals to the Financial Action Task Force (FATF)’s soon-to-be-revised guidelines.

There are two big sources of ambiguity: One is conceptual and linguistic, and the other relates to international consistency.

Anndy Lian, the Chairman of the crypto exchange BigONE and the Chief Digital Advisor to the Mongolian Productivity Organization, said,

“At the FATF recent Plenary meeting in June this year, a key takeaway was the concern around the apparent lack of consensus across different jurisdictions and between industry players regarding the best way to comply with the Travel Rule. And while the private sector has led the way in developing solutions to enable implementation of the Travel Rule, ‘a majority of jurisdictions have not yet implemented the FATF’s requirements.’”

For Lian, the real issue and challenge for the DeFi sector is the uneven compliance with the Travel Rule across jurisdictions, which “poses real headaches for both DeFi businesses and their customers.”

But in terms of incoming and future regulation, there’s also a big problem related to semantics and conceptual clarity. According to the MakerDAO (MKR) community member PaperImperium, technical terms aren’t used consistently by regulators and the crypto industry, making it unclear as to what exactly policymakers want.

PaperImperium told Cryptonews.com:

“A great example of this is the debate around stablecoins. As the Gorton-Zhang paper from a few weeks ago makes clear, later confirmed by private discussions, even a term as simple as ‘stablecoin’ has a different meaning in policy circles than in the cryptoverse.”

Most people working within crypto would use the term “stablecoin” to signify any token that is purposefully trying to remain in a price band around a given benchmark. However, PaperImperium said, “policymakers and regulators are generally talking about redeemable-upon-demand-for-fiat tokens to the exclusion of algorithmically managed tokens.”

This creates a big headache for stablecoins such as DAI, which is generated by MakerDAO. In fact, prior to the recent infrastructure bill, the Democratic Representative Don Beyer has put forward a draft bill that would effectively outlaw all stablecoins that don’t meet certain regulatory criteria and aren’t registered by their issuer. The latter condition is something that DAI, for instance, could never meet.

Still, most people working within DeFi claim that regulation is not only inevitable, but good for the sector in the long term.

Layerzero, a member of MakerDAO’s Sustainable Ecosystem Scaling Core Unit Team, explained:

“I believe regulation is necessary and a sign that the industry matures. Not having legal certainty is a risk that hinders future growth.”

And Layerzero added,

“I welcome good regulation that provides legal certainty to market participants and that doesn’t hinder innovation, but of course, this is hard to achieve. The problem is that the current regulatory framework is outdated and was not designed for decentralized ledger technology.”

DeFi’s golden eggs

New proposals are coming thick and fast at the moment, and it’s uncertain what regulatory hurdles the DeFi ecosystem will have to clear in the months and years to come. It’s also uncertain whether all soon-to-be-imposed hurdles will actually be clearable, and whether further growth in DeFi sector might become somewhat restricted as a result.

Still, DeFi industry players estimate that the sector will endure for a long time to come, even if its mature form may be somewhat different from how it is now.

For ​​Skirmantas Januškas, the CEO and Co-founder of DappRadar, DeFi’s survival will be guaranteed by the fact that it’s much too lucrative for regulators and governments to completely obliterate.

He told Cryptonews.com:

“The sheer amount of wealth generated and locked into our industry – especially now, at a time when governments inject trillions into the economy by way of rescue packages to the detriment of, say, infrastructure and other long-term needs that must also be met – makes us the proverbial goose that laid the golden eggs. And the act of laying golden eggs is a potentially taxable event.”

Given that DeFi went from USD 1 billion in total value locked in to around USD 90 billion in just under a year (according to DeFi Pulse), most governments will want to extract a portion of the value it has generated for tax and public spending. In other words, they will seek to avoid imposing too-stringent regulation.

Januškas added:

“Regulators worldwide will likely seek to capitalize on our industry, just as we crypto natives have, and this places us in a very strong position in a dialogue that is only just starting. And while it may take years of regulations being proposed, effected, repealed, before we come to a solution that safeguards consumers’ and governments’ interests and still harbors innovation, the regulations that do come into force will likely work to DeFi’s advantage in the long run.”

Anndy Lian agreed that DeFi will be too profitable to simply kill off with regulation, regardless of how that regulation will end up looking in a few years. In his view (as someone who actually does advise governments), DeFi poses both opportunities and challenges for governments and regulators emerging from the coronavirus pandemic.

Lian said,

“The task for the DeFi sector is to carry on educating governments and regulators on the benefits of DeFi especially in parts of the world where banking is hard to access, and in promoting crypto entrepreneurship for the future. Nevertheless, governments are trying to know more to get themselves fitted with the new DeFi trends.”

The question is: how long will DeFi need to wait until authorities produce the clear regulations the sector needs to grow sustainably?

“In some areas, like tax or AML, it’s a matter of months. In some others, it’s unrealistic to expect full regulatory clarity even within years,” said Jacek Czarnecki, the Global Legal Counsel at MakerDAO.

Given the likely lengths of time involved, Czarnecki suggested that new DeFi projects should definitely engage in dialogue with regulators and policymakers.

Czarnecki told Cryptonews.com,

“We have pioneered such activities at Maker, and have been meeting with both multiple national regulators (including central banks) as well as international organizations (e.g. the OECD, FATF, the Financial Stability Board) since 2018. That has helped us gain trust and awareness among the regulatory community.”

Source: https://cryptonews.com/exclusives/regulators-are-coming-for-the-defi-goose-and-its-golden-eggs-11458.htm

 

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2021拉丁美洲区块链峰会将于线上召开,BigONE亚洲主席Anndy Lian受邀出席并致辞

2021拉丁美洲区块链峰会将于线上召开,BigONE亚洲主席Anndy Lian受邀出席并致辞


拉丁美洲区块链峰会是拉丁美洲每年举办的最重要的区块链和加密资产盛会之一,2021年的峰会将于2021年9月6日至10日举行。受全球疫情影响,拉美区块链峰会今年将于线上举办,并在YouTube、Twitter、Instagram等社交媒体台进行直播。

拉丁美洲区块链峰会不仅仅是一个行业会议,更是一个交流研究台,致力于将创业者,开发者,项目,投资机构,监管机构和区块链技术爱好者聚集在一起,讨论和分享最新的行业发展成果,为推动拉丁美洲区块链发展建立一个高价值信任网络。

在本届峰会上,我们将看到有关区块链行业发展状态的讨论,以及对2021年区块链全球合规和监管形势的分析。从行业热点角度来看, 各类meme主题将会是峰会的讨论焦点之一,它们在今年初引领了推动生态系统完全去中心化的趋势,并引发了一轮疯狂追捧;在技术层面上看,DeFi 和 NFT 则是本届的热点话题,今年的 NFT和DeFi 等热点赛道的生态发展成绩斐然,成为了行业发展的重要里程碑,也奠定了区块链行业多样化的未来发展基础。

各国专家和业内精英也将围绕全球监管、经济、DeFi、应用场景等不同领域的技术研发、创新及加密货行情等问题展开讨论。新任BigONE 亚洲主席 Anndy Lian 先生受邀作为本次峰会的特邀演讲嘉宾,并将在第2天作为开幕嘉宾,发表关于拉丁美洲区块链生态系统的重要主题演讲。

此次峰会将是 Anndy Lian主席就任以来的首次正式活动,在本届大会上他将与其他与会嘉宾讨论国际监管、经济、DeFi,以及其他拉丁美洲区块链生态系统中的重要议题。同时,加强与拉美用户的交流,促进BigONE的全球化进程以及全球业务合规与发展。

Anndy Lian拥有超过15年的全球政府关系工作经验曾担任新加坡智库的高级顾问,他在世界电子竞技区块链峰会、重要国际会议担任主讲嘉宾。Anndy Lian同时也是韩国Hyundai DAC 的顾问委员会成员,并担任蒙古的首席数字顾问。

“拉丁美洲地区是加密货和数字资产采用率最高的地区,是迄今为止区块链技术实施最早、最受认可的地区之一,这表明当地用户对区块链及其潜在落地应用持非常积极的态度。这对于区块链企业来说是非常有吸引力的,这也是此次峰会召开的初衷,让更多优秀的企业看到并进入拉丁美洲市场,与当地市场共同成长。” Anndy Lian主席在会前对媒体曾说道,“BigONE非常重视拉丁美洲市场,并将其视为BigONE在寻求加速其全球化发展战略中的重要一环。”

BigONE 是一家成立于2017年,在荷兰注册的全球加密货交易所, 目前在俄罗斯、巴西、越南、塞舌尔、新加坡、日本和印度尼西亚等国家和地区开展业务。目前,BigONE 台有超过一千名拉丁美洲的注册用户。

Source: https://m.tech.china.com/tech/article/20210802/082021_841776.html

 

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