@joymacknight @TheBanker Is DeFi the Future? Ravi Menon, MD of MAS, responds: "DeFi will play a role as there is a need for straightforward, peer-to-peer financial services without intermediaries, however, there will continue to be a need for traditional FS for more complex transactions."
#FTCrypto

@joymacknight@the Banker是对未来的挑战？MAS的医学博士拉维·梅农（Ravi Menon）回应说：“由于需要直接的、没有中间人的点对点金融服务，DeFi将发挥作用。然而，对于更复杂的交易，将继续需要传统的金融服务。”
#加密

"From a regulatory standpoint-- for every player on the blockchain with an eWallet, KYC needs to kick in. Similarly, we also need to know about the stability of the underlying asset of the token," says Ravi Menon, MD of MAS.
#FTCrypto @joymacknight @TheBanker https://t.co/XCBc22k7xx

“从监管角度来看——对于区块链上每一个拥有电子钱包的玩家，KYC都需要参与进来。同样，我们还需要了解代币基础资产的稳定性，”MAS的MD Ravi Menon说。
#FTCrypto@joymacknight@TheBankerhttps://t.co/XCBc22k7xx

@joymacknight @TheBanker "Stablecoin has great potential, but we have to think about its backing...is it real? It is liquid? Will the fiat be there when required?," says Ravi Menon, Managing Director of Monetary Authority of Singapore.
#FTCrypto @TheBanker @joymacknight

@joymacknight@TheBanker新加坡金融管理局（Monetary Authority of Singapore）董事总经理拉维·梅农（Ravi Menon）表示：“Stablecoin潜力巨大，但我们必须考虑它的支持……它是真的吗？它是流动的吗？菲亚特会在需要时出现吗？”。
#FTCrypto@TheBanker@joymacknight

"The risks that the MAS consider for crypto and digital assets, include money laundering and terrorist financing, technology and cyber risks, consumer protection, and financial stability," says Ravi Menon MD of MAS, talking to @joymacknight at @TheBanker.
#FTCrypto https://t.co/PHnI90fV1u

“MAS考虑的加密和数字资产风险包括洗钱和恐怖融资、技术和网络风险、消费者保护和金融稳定，”MAS的Ravi Menon MD在@The Banker与@joymacknight交谈时说。
#加密https://t.co/PHnI90fV1u

"We are thinking very carefully within the #DigitalEuro project and not disintermediating banks," says Cipollone.
#FTCrypto https://t.co/WKp8xfwjJK

“我们在#DigitalEuro项目中非常仔细地考虑，而不是去中介化银行，”西波隆说。
#加密https://t.co/WKp8xfwjJK

"It's much more complicated to transact in cash," says Cipollone. "With digital transactions, it's instant. If people are going to abandon cash, we need to think about privacy - particularly for small value transactions. We are looking at that."
#FTCrypto https://t.co/O4ezLHuLAh

“用现金交易要复杂得多，”西波隆说。“数字交易是即时的。如果人们打算放弃现金，我们需要考虑隐私——尤其是小价值交易。我们正在考虑这一点。”
#加密https://t.co/O4ezLHuLAh

"It's not clear to me what problem #DeFi is trying to solve," says Cipollone.
#FTCrypto https://t.co/9L8Wh1vFbf

“我不清楚#DeFi试图解决什么问题，”西波隆说。
#加密https://t.co/9L8Wh1vFbf

@bancaditalia @LauraNoonanFT "We are all moving more or less in the same [direction]," says Cipollone. "We are learning together. But there are jurisdictions where innovation is deemed more important. In others, they favour consumer protection. But the issues are the same."
#FTCrypto #MiCA https://t.co/Y31WNIy4LV

@bancaditalia@LauraNoonanFT“我们都或多或少朝着同一个方向前进，”西波隆说。“我们正在一起学习。但有些司法管辖区认为创新更重要。在其他司法管辖区，他们支持消费者保护。但问题是一样的。”
#FTCrypto#云母https://t.co/Y31WNIy4LV

@bancaditalia @LauraNoonanFT "Traditional finance is getting into #DigitalAssets," says Cipollone. "We are seeing banks looking at custody. Family offices are also getting in. So, it's about time to regulate. But regulate well, in such a way as to allow this market to expand."
#FTCrypto #MiCA https://t.co/ijvuYS4hFd

@bancaditalia@LauraNoonanFT“传统金融正在进入#数字资产，”Cipollone说。“我们看到银行在考虑监护权。家族理财办公室也在介入。所以，现在是时候进行监管了。但要监管好，以允许这个市场扩大。”
#FTCrypto#云母https://t.co/ijvuYS4hFd

@bancaditalia @LauraNoonanFT On @bancaditalia's appetite for national regulation of #DigitalAssets: "We are involved in the #MiCA process," says Cipollone. "It would be very odd to start a parallel process. "
#FTCrypto https://t.co/m0ljdNKPlc

@bancaditalia@LauraNoonanFT关于@bancaditalia对#数字资产的国家监管偏好：“我们参与了#MiCA流程，”Cipollone说。“启动一个并行过程是非常奇怪的。”
#加密https://t.co/m0ljdNKPlc

@bancaditalia @LauraNoonanFT "Regulation is the kind of brake you need to put on the system. Not in order to kill it but to allow it to add value for the entire community," says Cipollone.
#FTCrypto https://t.co/noD8yVnYNA

@bancaditalia@LauraNoonanFT“监管是你需要对系统施加的一种刹车。不是为了扼杀它，而是为了让它为整个社区增加价值，”Cipollone说。
#加密https://t.co/noD8yVnYNA

Up next at #FTCrypto: Piero Cipollone, Deputy Governor of @bancaditalia in conversation with @LauraNoonanFT. https://t.co/hnpnlo0Y0Q

接下来是#FTCrypto:Piero Cipollone，@bancaditalia的副总裁在与@lauranoonant交谈。https://t.co/hnpnlo0Y0Q

@hoffmang On why #blockchain can be used to fight financial crime: "The worst thing you'd want to use as a criminal is a completely traceable, immutable, transparent ledger that shows exactly where your funds go to," says @hoffmang.
#FTCrypto https://t.co/2QR1ELLlhG

@hoffmang解释了为什么区块链可以用来打击金融犯罪：@hoffmang说：“作为罪犯，你最不想使用的是一个完全可追踪、不可更改、透明的分类账，它准确地显示了你的资金流向。”。
#加密https://t.co/2QR1ELLlhG

"One of the problems #Blockchain solves is you can do commerce with anyone, including those you don't necessarily trust," says @hoffmang. "This is why it's so valuable for cross-border and cross-market use cases."
#FTCrypto https://t.co/gHpnneUMv8

@hoffmang说：“区块链解决的问题之一是，你可以与任何人做生意，包括那些你不一定信任的人。”。“这就是为什么它对跨境和跨市场用例如此有价值的原因。”
#加密https://t.co/gHpnneUMv8

"Consensus is needed to secure the network," says @sunshinelu24. "The original idea was to use spare computational power to do that. But does Bitcoin's network really require that much hashing power to secure the network? Technically, no."
#FTCrypto https://t.co/HhMjHTwkyP

@sunshinelu24说：“需要达成共识才能确保网络的安全。”。“最初的想法是使用多余的计算能力来实现这一点。但比特币的网络真的需要那么多的哈希功能来保护网络吗？从技术上讲，不是。”
#加密https://t.co/HhMjHTwkyP

"'Proof of work' was supposed to be done by unused CPU cycles," says @hoffmang. "Obviously, that's not what happened in the end."
#FTCrypto https://t.co/X4EfzQDPjA

“‘工作证明’应该由未使用的CPU周期来完成，”霍夫曼说。“很明显，最终并不是这样。”
#加密https://t.co/X4EfzQDPjA

"There are many different Layer 1 networks that are not 'proof of work'," says @sunshinelu24. "Our vision is to be the most sustainable #blockchain network in the world. The network itself aims to be zero emission."
#FTCrypto https://t.co/UBYo0V45QT

@sunshinelu24说：“有许多不同的第一层网络不是‘工作证明’。”。“我们的愿景是成为世界上最可持续的区块链网络。该网络本身的目标是零排放。”
#加密https://t.co/UBYo0V45QT

"#Blockchain is the magic key to ensure sustainability," says @sunshinelu24. "The advantage is obvious: trust. If we're going to save the planet, it's not going to be one entity doing it. We have to unite everyone."
#FTCrypto https://t.co/Bm8uhBIaI4

@sunshinelu24说：“区块链是确保可持续性的关键。”。“好处是显而易见的：信任。如果我们要拯救地球，就不是一个实体在做这件事。我们必须团结所有人。”
#加密https://t.co/Bm8uhBIaI4

Welcome to day 2 of #FTCrypto. Our live coverage will resume at 10:50 London time with a panel session on whether greater investor scrutiny is cleaning up #DigitalAssets.

欢迎来到#FTCrypto的第二天。我们的现场报道将于伦敦时间10:50恢复，届时将举行一个小组会议，讨论投资者是否正在清理#数字资产。

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#加密