{"id":1345,"date":"2026-05-26T10:05:00","date_gmt":"2026-05-26T02:05:00","guid":{"rendered":"https:\/\/chainvestigate.com\/?p=1345"},"modified":"2026-05-26T01:05:16","modified_gmt":"2026-05-25T17:05:16","slug":"dao-decentralization-myth-dex-fatf-regulation","status":"publish","type":"post","link":"https:\/\/chainvestigate.com\/en\/dao-decentralization-myth-dex-fatf-regulation\/","title":{"rendered":"DAO \u8207 DEX \u7684\u53bb\u4e2d\u5fc3\u5316\u795e\u8a71\uff1a\u5f9e FATF \u76e3\u7ba1\u770b\u73fe\u5be6\u56f0\u5883"},"content":{"rendered":"<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\">\u5c0d\u65bc\u6709\u5728\u63a5\u89f8<em><strong>Web 3.0<\/strong> <\/em>\u6216\u662f\u5c0d\u65bc\u865b\u64ec\u8ca8\u5e63\u611f\u8208\u8da3\u7684\u4eba\u800c\u8a00\uff0c\u76f8\u4fe1\u5c0d DAO \u9019\u500b\u8a5e\u5f59\u4e26\u4e0d\u964c\u751f\u3002DAO \u70ba\u53bb<strong>\u4e2d\u5fc3\u5316\u81ea\u6cbb\u7d44\u7e54<\/strong>\uff0c\u5c07\u96c6\u4e2d\u7684\u6b0a\u529b\u5206\u914d\u7d66\u6301\u6709\u4ee3\u5e63\u7684\u5167\u90e8\u6210\u54e1\uff0c\u4f7f\u6210\u54e1\u7686\u5177\u6709\u6cbb\u7406\u548c\u6c7a\u7b56\u7684\u6b0a\u529b\uff0c\u800cDEX\uff08\u53bb\u4e2d\u5fc3\u5316\u4ea4\u6613\u6240\uff09\u662f\u4ee5<strong>\u667a\u80fd\u5408\u7d04\u81ea\u52d5\u904b\u4f5c<\/strong>\u7684\u65b9\u5f0f\u5be6\u73fe\u53bb\u4e2d\u5fc3\u5316\u7684\u7406\u60f3\u3002\u7136\u800c\uff0c\u6839\u64da FATF\uff08\u9632\u5236\u6d17\u9322\u91d1\u878d\u884c\u52d5\u5de5\u4f5c\u7d44\u7e54\uff09\u5c0d\u65bc DEX \u7684\u9650\u5236\uff0c\u7531\u65bc\u4ecd\u5177\u6709<strong>\u96c6\u4e2d\u5316\u50be\u5411<\/strong>\u53ca\u4e00\u5b9a\u7684\u6b0a\u529b\u7d50\u69cb\uff0c\u6545\u4f9d\u7136\u53ef\u80fd\u88ab\u8a8d\u5b9a\u70ba\u662f VASP\uff08\u865b\u64ec\u8cc7\u7522\u670d\u52d9\u63d0\u4f9b\u5546\uff09\uff0c\u800c<strong>\u9808\u5217\u5165\u76e3\u7ba1<\/strong>\u3002\u5728\u6b64\u60c5\u6cc1\u4e0b\uff0c\u4eba\u5011\u771f\u7684\u6709\u53ef\u80fd\u505a\u5230\u5b8c\u5168\u53bb\u4e2d\u5fc3\u5316\u55ce\uff1f<\/p>\n<\/blockquote>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_83 counter-hierarchy ez-toc-counter ez-toc-transparent ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewbox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewbox=\"0 0 24 24\" version=\"1.2\" baseprofile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/chainvestigate.com\/en\/dao-decentralization-myth-dex-fatf-regulation\/#DAO%E6%98%AF%E4%BB%80%E9%BA%BC%EF%BC%9F%E5%8F%88%E6%98%AF%E5%A6%82%E4%BD%95%E9%81%8B%E4%BD%9C%E7%9A%84%EF%BC%9F\" >DAO\u662f\u4ec0\u9ebc\uff1f\u53c8\u662f\u5982\u4f55\u904b\u4f5c\u7684\uff1f<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/chainvestigate.com\/en\/dao-decentralization-myth-dex-fatf-regulation\/#DAO_%E5%9C%A8%E7%8F%BE%E5%AF%A6%E4%B8%AD%E9%81%87%E5%88%B0%E7%9A%84_5_%E5%A4%A7%E5%95%8F%E9%A1%8C\" >DAO \u5728\u73fe\u5be6\u4e2d\u9047\u5230\u7684 5 \u5927\u554f\u984c<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/chainvestigate.com\/en\/dao-decentralization-myth-dex-fatf-regulation\/#%E4%B8%80%E3%80%81%E6%B3%95%E5%BE%8B%E8%B2%AC%E4%BB%BB%E6%AD%B8%E5%B1%AC\" >\u4e00\u3001\u6cd5\u5f8b\u8cac\u4efb\u6b78\u5c6c<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/chainvestigate.com\/en\/dao-decentralization-myth-dex-fatf-regulation\/#%E4%BA%8C%E3%80%81%E6%A0%B8%E5%BF%83%E9%96%8B%E7%99%BC%E8%80%85%E4%BB%8D%E6%8F%A1%E6%9C%89%E5%AF%A6%E6%AC%8A\" >\u4e8c\u3001\u6838\u5fc3\u958b\u767c\u8005\u4ecd\u63e1\u6709\u5be6\u6b0a<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/chainvestigate.com\/en\/dao-decentralization-myth-dex-fatf-regulation\/#%E4%B8%89%E3%80%81%E6%8A%95%E7%A5%A8%E6%AC%8A%E9%81%8E%E6%96%BC%E9%9B%86%E4%B8%AD\" >\u4e09\u3001\u6295\u7968\u6b0a\u904e\u65bc\u96c6\u4e2d<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/chainvestigate.com\/en\/dao-decentralization-myth-dex-fatf-regulation\/#%E5%9B%9B%E3%80%81%E5%8F%83%E8%88%87%E7%8E%87%E8%BC%83%E4%BD%8E\" >\u56db\u3001\u53c3\u8207\u7387\u8f03\u4f4e<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/chainvestigate.com\/en\/dao-decentralization-myth-dex-fatf-regulation\/#%E4%BA%94%E3%80%81%E6%95%B4%E9%AB%94%E6%B2%BB%E7%90%86%E6%95%88%E7%8E%87%E8%BC%83%E4%BD%8E\" >\u4e94\u3001\u6574\u9ad4\u6cbb\u7406\u6548\u7387\u8f03\u4f4e<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/chainvestigate.com\/en\/dao-decentralization-myth-dex-fatf-regulation\/#DEX_%E7%9A%84%E5%8E%BB%E4%B8%AD%E5%BF%83%E5%8C%96%EF%BC%8C%E6%9C%AC%E8%B3%AA%E4%B8%8A%E6%98%AF%E3%80%8C%E5%8F%AF%E8%A2%AB%E7%9B%A3%E7%AE%A1%E7%9A%84%E3%80%8D%EF%BC%9F\" >DEX \u7684\u53bb\u4e2d\u5fc3\u5316\uff0c\u672c\u8cea\u4e0a\u662f\u300c\u53ef\u88ab\u76e3\u7ba1\u7684\u300d\uff1f<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/chainvestigate.com\/en\/dao-decentralization-myth-dex-fatf-regulation\/#FATF_%E5%A6%82%E4%BD%95%E7%9C%8B%E5%BE%85_DEX%EF%BC%9F\" >FATF \u5982\u4f55\u770b\u5f85 DEX\uff1f<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/chainvestigate.com\/en\/dao-decentralization-myth-dex-fatf-regulation\/#%E7%82%BA%E4%BB%80%E9%BA%BC_DEX_%E4%BB%8D%E5%8F%AF%E8%83%BD%E8%A2%AB%E8%AA%8D%E5%AE%9A%E7%82%BA%E6%98%AF_VASP%EF%BC%9F\" >\u70ba\u4ec0\u9ebc DEX \u4ecd\u53ef\u80fd\u88ab\u8a8d\u5b9a\u70ba\u662f VASP\uff1f<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/chainvestigate.com\/en\/dao-decentralization-myth-dex-fatf-regulation\/#%E7%95%B6_DEX_%E9%81%87%E5%88%B0_DAO_%E6%99%82%EF%BC%8C%E6%98%AF%E5%90%A6%E8%83%BD%E5%A4%A0%E5%81%9A%E5%88%B0%E5%8E%BB%E4%B8%AD%E5%BF%83%E5%8C%96%EF%BC%9F\" >\u7576 DEX \u9047\u5230 DAO \u6642\uff0c\u662f\u5426\u80fd\u5920\u505a\u5230\u53bb\u4e2d\u5fc3\u5316\uff1f<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/chainvestigate.com\/en\/dao-decentralization-myth-dex-fatf-regulation\/#%E5%8E%BB%E4%B8%AD%E5%BF%83%E5%8C%96%E7%82%BA%E4%BB%80%E9%BA%BC%E5%8B%A2%E5%BF%85%E5%B0%87%E8%B5%B0%E5%90%91%E3%80%8C%E5%86%8D%E4%B8%AD%E5%BF%83%E5%8C%96%E3%80%8D%EF%BC%9F\" >\u53bb\u4e2d\u5fc3\u5316\u70ba\u4ec0\u9ebc\u52e2\u5fc5\u5c07\u8d70\u5411\u300c\u518d\u4e2d\u5fc3\u5316\u300d\uff1f<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/chainvestigate.com\/en\/dao-decentralization-myth-dex-fatf-regulation\/#%E4%B8%80%E3%80%81%E7%B6%93%E6%BF%9F%E9%9B%86%E4%B8%AD\" >\u4e00\u3001\u7d93\u6fdf\u96c6\u4e2d<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/chainvestigate.com\/en\/dao-decentralization-myth-dex-fatf-regulation\/#%E4%BA%8C%E3%80%81%E5%A4%A7%E7%9C%BE%E5%8F%96%E5%90%91\" >\u4e8c\u3001\u5927\u773e\u53d6\u5411<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/chainvestigate.com\/en\/dao-decentralization-myth-dex-fatf-regulation\/#%E4%B8%89%E3%80%81%E5%AE%89%E5%85%A8%E9%9A%B1%E6%86%82%E5%8F%8A%E7%9B%A3%E7%AE%A1%E5%A3%93%E5%8A%9B\" >\u4e09\u3001\u5b89\u5168\u96b1\u6182\u53ca\u76e3\u7ba1\u58d3\u529b<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/chainvestigate.com\/en\/dao-decentralization-myth-dex-fatf-regulation\/#%E7%B5%90%E8%AB%96\" >\u7d50\u8ad6<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"DAO%E6%98%AF%E4%BB%80%E9%BA%BC%EF%BC%9F%E5%8F%88%E6%98%AF%E5%A6%82%E4%BD%95%E9%81%8B%E4%BD%9C%E7%9A%84%EF%BC%9F\"><\/span>DAO\u662f\u4ec0\u9ebc\uff1f\u53c8\u662f\u5982\u4f55\u904b\u4f5c\u7684\uff1f<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">DAO \u7684\u5168\u7a31\u70baDecentralized Autonomous Organization\uff0c\u4e5f\u5c31\u662f\u53bb\u4e2d\u5fc3\u5316\u81ea\u6cbb\u7d44\u7e54\uff0c\u4f5c\u70ba Web 3.0 \u6642\u4ee3\u4e0b\u53bb\u4e2d\u5fc3\u5316\u61c9\u7528\u7684\u4e00\u54e1\uff0cDAO \u7684\u5b9a\u7fa9\u662f<strong>\u4e0d\u53d7\u4efb\u4f55\u7279\u5b9a\u4e00\u4f4d\u6216\u4e00\u7fa4\u4e2d\u5fc3\u9818\u5c0e\u638c\u63a7\u7684\u7d44\u7e54<\/strong>\uff0c\u6709\u5225\u65bc\u50b3\u7d71\u516c\u53f8\u6216\u4f01\u696d\u7b49\u6709\u8457\u8463\u4e8b\u9577\u6216\u80a1\u6771\u6703\uff0cDAO \u662f\u7531\u7d44\u7e54\u5167\u90e8\u6240\u6709\u6210\u54e1<strong>\u5171\u540c\u6cbb\u7406<\/strong>\u548c\u505a\u6c7a\u7b56\u4e4b\u3002\u9019\u6642\u5019\u53ef\u80fd\u6703\u6709\u500b\u7591\u554f\uff1a\u5982\u679c\u975e\u7d93\u7531\u7279\u5b9a\u4eba\u7269\u4e3b\u5c0e\uff0c\u9019\u500b\u5718\u9ad4\u6709\u4ec0\u9ebc\u6e96\u5247\u5462\uff1f\u7b54\u6848\u5c31\u662f\u901a\u904e\u5340\u584a\u93c8\u4e2d\u7684<strong>\u667a\u80fd\u5408\u7d04<\/strong>\uff0c\u667a\u80fd\u5408\u7d04\u5728\u8a02\u7acb\u5f8c\u4fbf\u4e0d\u5f97\u4fee\u6539\uff0c\u5229\u7528<strong>\u81ea\u52d5\u904b\u4f5c<\/strong>\u7dad\u6301\u7d44\u7e54\u904b\u8f49\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u5728\u667a\u80fd\u5408\u7d04\u57f7\u884c\u4e2d\uff0c\u6bcf\u4f4d\u7d44\u7e54\u6210\u70ba\u90fd\u63e1\u6709\u6240\u8b02\u7684<strong>\u6295\u7968\u6b0a<\/strong>\uff0c\u6210\u54e1\u900f\u904e\u6240\u6301\u6709\u7684<strong>\u6cbb\u7406\u4ee3\u5e63<\/strong>\uff08Token\uff09\u5c0d\u65bc<strong>\u6cbb\u7406\u63d0\u6848<\/strong>\uff08Governance Proposal\uff09\u9032\u884c\u6295\u7968\u3002\u65e2\u7136\u8981\u505a\u5230\u300c\u53bb\u4e2d\u5fc3\u5316\u300d\uff0c\u5728DAO \u5c07\u7d44\u7e54\u898f\u5247\u3001\u4ea4\u6613\u7d00\u9304\u548c\u6c7a\u7b56\u904e\u7a0b\u7b49\u7686\u5132\u5b58\u4e26\u8a18\u9304\u5728\u5340\u584a\u93c8\u4e0a\uff0c\u63d0\u4f9b<strong>\u516c\u958b\u900f\u660e<\/strong>\u5730\u67e5\u8a62\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"3000\" height=\"2000\" src=\"https:\/\/chainvestigate.com\/wp-content\/uploads\/2026\/04\/scimgFaK24g.webp\" alt=\"\u6587\u7ae04\" class=\"wp-image-1346\" style=\"aspect-ratio:1.5000349821590988;width:418px;height:auto\"\/><figcaption class=\"wp-element-caption\">\u5716\u7247\u4f86\u6e90\uff1aPexels<\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"DAO_%E5%9C%A8%E7%8F%BE%E5%AF%A6%E4%B8%AD%E9%81%87%E5%88%B0%E7%9A%84_5_%E5%A4%A7%E5%95%8F%E9%A1%8C\"><\/span>DAO \u5728\u73fe\u5be6\u4e2d\u9047\u5230\u7684 5 \u5927\u554f\u984c<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">\u5f9e\u524d\u8ff0\u53ef\u4ee5\u4e86\u89e3 DAO \u6700\u521d\u7684\u63d0\u51fa\u7406\u5ff5\u70ba\u5e0c\u671b<strong>\u964d\u4f4e\u5c11\u6578\u7279\u5b9a\u4eba\u58df\u65b7\u6c7a\u7b56<\/strong>\u4e4b\u53ef\u80fd\u6027\uff0c\u5c07\u4e3b\u6b0a\u5206\u6563\u7d66\u53c3\u8207\u7d44\u7e54\u6d3b\u52d5\u7684\u6bcf\u500b\u4eba\u3002\u7136\u800c\uff0c\u73fe\u5be6\u771f\u7684\u6709\u7406\u60f3\u4e2d\u90a3\u9ebc\u7f8e\u597d\u55ce\uff1f\u53bb\u4e2d\u5fc3\u5316\u7ba1\u7406\u5be6\u969b\u904b\u4f5c\u6642\u53ef\u80fd\u4e0d\u5982\u958b\u767c\u8005\u6240\u60f3\u7684\u90a3\u9ebc\u7c21\u55ae\uff0c\u5c07\u7522\u751f\u4ee5\u4e0b\u554f\u984c\uff1a<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E4%B8%80%E3%80%81%E6%B3%95%E5%BE%8B%E8%B2%AC%E4%BB%BB%E6%AD%B8%E5%B1%AC\"><\/span>\u4e00\u3001\u6cd5\u5f8b\u8cac\u4efb\u6b78\u5c6c<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">\u9762\u5c0d\u4e2d\u5fc3\u5316\uff0c\u4e5f\u5c31\u662f\u50b3\u7d71\u7684\u7684\u516c\u53f8\u3001\u91d1\u878d\u6a5f\u69cb\u6216\u7d44\u7e54\u6642\uff0c\u6211\u5011\u64c1\u6709\u7279\u5b9a\u7684\u6cd5\u5f8b\u7ba1\u8f44\u53ca\u9650\u5236\u6a5f\u69cb\u7684\u4f5c\u70ba\uff0c\u5305\u62ec\u4f46\u4e0d\u9650\u65bc\u5275\u8a2d\u3001\u904b\u4f5c\u548c\u89e3\u7d44\uff0c\u9019\u4e00\u5207\u7684\u767c\u751f\u7686\u8981\u6b78\u56e0\u65bc\u6709<strong>\u7279\u5b9a\u7684\u300c\u8ca0\u8cac\u4eba\u300d<\/strong>\uff0c\u5728\u6cd5\u5f8b\u5c64\u9762\u4e0a\u80fd\u5920\u627e\u5f97\u5230\u4eba\u70ba\u6b64\u8ca0\u8cac\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u8fd1\u5e74\u4f86\u8208\u8d77\u7684\u53bb\u4e2d\u5fc3\u5316\u7d44\u7e54 DAO \u7531\u65bc<strong>\u7f3a\u4e4f\u660e\u78ba\u7684\u6cd5\u4eba\u5730\u4f4d<\/strong>\uff0c\u904e\u5f80\u6848\u4f8b\u4e2d\u6cd5\u9662\u8d77\u8a34\u6642\u53ef\u80fd\u6703\u5c07\u7d44\u7e54\u6210\u54e1\u7686\u662f\u70ba\u5408\u5925\u4eba\uff0c\u9700<strong>\u627f\u64d4\u9023\u5e36\u8cac\u4efb<\/strong>\u3002\u800c\u7576\u81ea\u52d5\u904b\u4f5c\u7684\u667a\u80fd\u5408\u7d04\u51fa\u73fe\u554f\u984c\uff0c\u5c0e\u81f4\u8cc7\u91d1\u640d\u5931\u6642\uff0c\u5c07\u96e3\u4ee5\u4f9d\u6cd5\u5f8b\u7684\u898f\u5b9a\u627e\u5230<strong>\u5177\u9ad4\u7684\u8ca0\u8cac\u4eba<\/strong>\uff0c\u4f8b\u5982\u958b\u767c\u8005\u3001\u6295\u7968\u8005\u6216\u662f\u6301\u5e63\u8005\u7b49\u70ba\u6b64\u8ca0\u8cac\uff0c\u6216\u662f\u9032\u884c\u88dc\u511f\u3002\u6700\u5f8c\uff0c\u56e0\u70ba DAO \u7684\u7d44\u7e54\u6210\u54e1\u5e38\u904d\u5e03\u5168\u7403\uff0c\u7576\u767c\u751f\u8de8\u570b\u7cfe\u7d1b\u6642\uff0c\u5247\u6703\u5728<strong>\u9069\u7528\u4f55\u570b\u6cd5\u5f8b\u4e0a<\/strong>\u7522\u751f\u722d\u8b70\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E4%BA%8C%E3%80%81%E6%A0%B8%E5%BF%83%E9%96%8B%E7%99%BC%E8%80%85%E4%BB%8D%E6%8F%A1%E6%9C%89%E5%AF%A6%E6%AC%8A\"><\/span>\u4e8c\u3001\u6838\u5fc3\u958b\u767c\u8005\u4ecd\u63e1\u6709\u5be6\u6b0a<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">\u6211\u5011\u77e5\u9053 DAO \u662f\u7531\u8a18\u9304\u5728\u5340\u584a\u93c8\u4e0a\u4e0d\u53ef\u4fee\u6539\u7684\u667a\u80fd\u5408\u7d04\u4ee3\u78bc\u81ea\u52d5\u57f7\u884c\uff0c\u5728\u6b64\u57fa\u790e\u4e0b\uff0c\u64b0\u5beb\u667a\u80fd\u5408\u7d04\u7684\u4e00\u4f4d\u6216\u4e00\u7fa4\u4eba\u5c07\u6210\u70ba<strong>\u6838\u5fc3\u958b\u767c\u8005<\/strong>\u3002\u96d6\u7136\u53bb\u4e2d\u5fc3\u5316\u81ea\u6cbb\u7d44\u7e54\u7684\u7406\u5ff5\u5728\u65bc\u5206\u6563\u6b0a\u529b\uff0c\u4f46\u56e0\u70ba\u5b58\u5728\u4e00\u5b9a\u7684<strong>\u6280\u8853\u9580\u6abb<\/strong>\uff0c\u4ecd\u5b58\u5728\u8457\u4e00\u5b9a\u6bd4\u4f8b\u7684<strong>\u6b0a\u529b\u96c6\u4e2d<\/strong>\u3002\u5728\u4e0d\u53ef\u4fee\u6539\u7684\u4ee3\u78bc\u4e2d\uff0c\u82e5\u662f\u9700\u8981\u9032\u884c\u667a\u80fd\u5408\u7d04\u5347\u7d1a\u6642\uff0c\u5927\u90e8\u5206\u4ecd\u9700\u8981\u7531<strong>\u958b\u767c\u8005\u4e3b\u5c0e<\/strong>\uff0c\u5c0e\u81f4\u6b0a\u529b\u5283\u5206\u4e0a\u7684\u722d\u8b70\u554f\u984c\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E4%B8%89%E3%80%81%E6%8A%95%E7%A5%A8%E6%AC%8A%E9%81%8E%E6%96%BC%E9%9B%86%E4%B8%AD\"><\/span>\u4e09\u3001\u6295\u7968\u6b0a\u904e\u65bc\u96c6\u4e2d<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">DAO \u7d44\u7e54\u6210\u54e1\u7686\u5177\u6709\u6c7a\u5b9a\u6cbb\u7406\u767c\u5c55\u8da8\u52e2\u7684\u6b0a\u529b\uff0c\u4e0d\u904e\u5728\u9019\u5176\u4e2d\u540c\u6642\u5b58\u6709\u6301\u6709\u8f03\u591a\u6cbb\u7406\u4ee3\u5e63\uff08Token\uff09\u7684\u5927\u6236\uff0c\u4ee5\u53ca\u6301\u6709\u8f03\u5c11\u7684\u5c0f\u6236\u3002\u5927\u6236\u53ca\u5c0f\u6236\u7686\u53ef\u5c0d\u65bc\u63d0\u6848\u9032\u884c\u6295\u7968\uff0c\u537b\u4e0d\u53ef\u907f\u514d\u7684<strong>\u5927\u6236\u5c07\u66f4\u6709\u6a5f\u6703\u6c7a\u5b9a\u63d0\u6848\u7684\u8d70\u5411\u8207\u7d50\u679c<\/strong>\uff0c\u800c\u5c0f\u6236\u7684\u5f71\u97ff\u529b\u5c07\u53d7\u9650\u3002\u6b64\u6982\u5ff5\u6709\u5982\u52a0\u5bc6\u8ca8\u5e63\u4e2d\u7684\u300c\u9be8\u9b5a\u300d\u8207\u300c\u8766\u300d\uff0cwhale \u8207 shrimp\uff0c\u9be8\u9b5a\u6307\u7684\u662f\u64c1\u6709\u9ad8\u6bd4\u4f8b\u52a0\u5bc6\u8ca8\u5e63\u8cc7\u7522\u7684\u6295\u8cc7\u65b9\uff0c\u4ed6\u5011\u6301\u6709\u5927\u91cf\u7684\u4ee3\u5e63\uff0c\u4ee5\u81f3\u65bc\u53ef\u7ba1\u7406\u6574\u9ad4\u7684\u7d44\u7e54\u3001\u7cfb\u7d71\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E5%9B%9B%E3%80%81%E5%8F%83%E8%88%87%E7%8E%87%E8%BC%83%E4%BD%8E\"><\/span>\u56db\u3001\u53c3\u8207\u7387\u8f03\u4f4e<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">\u5148\u66ab\u4e14\u4e0d\u8ad6\u6301\u6709\u8ca8\u5e63\u9ad8\u4f4e\u5c0d\u65bc\u5be6\u969b\u6b0a\u529b\u638c\u63e1\u65b9\u7684\u5f71\u97ff\uff0cDAO \u9762\u81e8\u7684\u554f\u984c\u9084\u6709\u6301\u6709\u8ca8\u5e63\u65b9<strong>\u4e0d\u53c3\u8207\u6295\u7968<\/strong>\uff0c\u66f4\u4f55\u6cc1\u662f\u591a\u6578\u6301\u5e63\u8005\u4e0d\u6295\u7968\u7684\u60c5\u5f62\u3002\u7121\u8ad6\u7d44\u7e54\u6210\u54e1\u4e0d\u53c3\u8207\u6295\u7968\u6c7a\u5b9a\u6c7a\u7b56\u7684\u539f\u56e0\u70ba\u4f55\uff0c\u53ea\u8981\u5927\u90e8\u5206\u7684\u4eba\u4e0d\u6295\u7968\uff0c\u5be6\u969b\u7684\u6c7a\u7b56\u5c07\u7531\u5c11\u6578\u4eba\u5b8c\u6210\uff0c\u4e5f\u5c31\u662f<strong>\u6cbb\u7406\u51b7\u6f20<\/strong>\u7684\u554f\u984c\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E4%BA%94%E3%80%81%E6%95%B4%E9%AB%94%E6%B2%BB%E7%90%86%E6%95%88%E7%8E%87%E8%BC%83%E4%BD%8E\"><\/span>\u4e94\u3001\u6574\u9ad4\u6cbb\u7406\u6548\u7387\u8f03\u4f4e<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">\u7576\u4e0d\u53ea\u6709\u7279\u5b9a\u4eba\u9700\u8981\u505a\u6c7a\u7b56\u6642\uff0c\u7531\u65bc\u5177\u6709\u6295\u7968\u6b0a\u7684\u4eba\u6578\u8f03\u591a\uff0c\u5c07\u4f7f\u5f97\u6574\u9ad4\u7684\u6548\u7387\u6709\u5f88\u5927\u7684\u53ef\u80fd\u4f4e\u65bc\u4e2d\u5fc3\u5316\u7684\u7d44\u7e54\uff0c\u4e5f\u5c31\u662f<strong>\u6c7a\u7b56\u901f\u5ea6\u8f03\u6162<\/strong>\u7684\u554f\u984c\u3002\u6cbb\u7406\u6548\u7387\u4f4e\u6240\u7522\u751f\u7684\u554f\u9ad4\u9060\u4e0d\u53ea\u6709\u5c0d\u65bc\u7372\u76ca\u7684\u6c7a\u5b9a\u53ef\u80fd\u5ef6\u9072\u9019\u9ebc\u7c21\u55ae\uff0c\u66f4\u91cd\u8981\u7684\u662f\u7576\u767c\u751f\u5371\u6a5f\u4e8b\u4ef6\u662f\u5c07\u96e3\u4ee5\u5373\u6642\u9762\u5c0d\uff0c\u6709\u5225\u65bc\u50b3\u7d71\u516c\u53f8\u6709\u6c7a\u7b56\u9818\u5c0e\u4eba\u53ef\u5feb\u901f\u61c9\u5c0d\u5371\u6a5f\u4e8b\u4ef6\uff0c\u82e5\u662f\u8981\u7d93\u7531\u6240\u6709\u6210\u54e1\u7684\u6295\u7968\u624d\u53ef\u8655\u7f6e\u6642\uff0c<strong>\u5371\u6a5f\u61c9\u5c0d\u80fd\u529b<\/strong>\u5247\u53ef\u80fd\u986f\u8457\u4f4e\u65bc\u4e2d\u5fc3\u5316\u7d44\u7e54\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"DEX_%E7%9A%84%E5%8E%BB%E4%B8%AD%E5%BF%83%E5%8C%96%EF%BC%8C%E6%9C%AC%E8%B3%AA%E4%B8%8A%E6%98%AF%E3%80%8C%E5%8F%AF%E8%A2%AB%E7%9B%A3%E7%AE%A1%E7%9A%84%E3%80%8D%EF%BC%9F\"><\/span>DEX \u7684\u53bb\u4e2d\u5fc3\u5316\uff0c\u672c\u8cea\u4e0a\u662f\u300c\u53ef\u88ab\u76e3\u7ba1\u7684\u300d\uff1f<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">DEX\uff08Decentralized Exchange\uff09\u70ba\u53bb\u4e2d\u5fc3\u5316\u4ea4\u6613\u6240\uff0c\u95dc\u65bcDEX \u7684\u5b9a\u7fa9\u8acb\u53c3\u8003\uff1a<strong><em>\u53bb\u4e2d\u5fc3\u5316\u662f\u4ec0\u9ebc\uff1f\u5b8c\u6574\u89e3\u6790 DeFi\u3001DEX\u3001AMM \u8207\u4e2d\u5fc3\u5316\u5dee\u7570<\/em><\/strong>\u3002\u8eab\u70ba\u53bb\u4e2d\u5fc3\u5316\u5be6\u969b\u61c9\u7528\u7684\u4e00\u54e1\uff0cDEX \u4e2d\u6240\u6709\u7684\u4e92\u52d5\u5c07\u4ea4\u7531\u667a\u80fd\u5408\u7d04\u81ea\u52d5\u64ae\u5408\uff0c\u800c\u4e0d\u9700\u8981\u900f\u904e\u4e2d\u4ecb\u7684\u91d1\u878d\u55ae\u4f4d\u3002\u6bd4\u8d77 CEX \uff0c\u4e5f\u5c31\u662f\u4e2d\u5fc3\u5316\u4ea4\u6613\u6240\uff0c\u7406\u60f3\u72c0\u614b\u4e2d\u7684 DEX <strong>\u4e0d\u9700\u8981\u9032\u884c KYC\u5be6\u540d\u8a8d\u8b49<\/strong>\uff0c\u7136\u800c\uff0c\u73fe\u5be6\u7684\u78ba\u5982\u6b64\u55ce\uff1f<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"FATF_%E5%A6%82%E4%BD%95%E7%9C%8B%E5%BE%85_DEX%EF%BC%9F\"><\/span>FATF \u5982\u4f55\u770b\u5f85 DEX\uff1f<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">FATF\uff08Financial Action Task Force\uff0c\u9632\u5236\u6d17\u9322\u91d1\u878d\u884c\u52d5\u5de5\u4f5c\u7d44\u7e54\uff09\u5c0d\u65bc DEX \u7684\u7acb\u5834\u662f\uff1a\u4e0d\u4e00\u5b9a\u771f\u7684\u300c\u53bb\u4e2d\u5fc3\u5316\u300d\uff0c\u4e3b\u8981\u662f\u6839\u64da<strong>\u5be6\u8cea\u5177\u6709\u63a7\u5236\u6b0a<\/strong>\u7684\u4eba\u6216\u6a5f\u69cb\uff0c\u800c\u975e\u50c5\u6839\u64da\u6240\u4f7f\u7528\u7684\u6280\u8853\u5f62\u5f0f\u3002\u4e5f\u5c31\u662f\u8aaa\uff0c\u5728 FATA \u89c0\u9ede\u4e2d\uff0c\u53ea\u8981\u6709\u4eba\u63a7\u5236\uff0c\u5c31\u4e0d\u80fd\u4e0d\u9075\u5b88\u53cd\u6d17\u9322\u898f\u7bc4\uff0c\u5c31\u8981\u5217\u5165\u76e3\u7ba1\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E7%82%BA%E4%BB%80%E9%BA%BC_DEX_%E4%BB%8D%E5%8F%AF%E8%83%BD%E8%A2%AB%E8%AA%8D%E5%AE%9A%E7%82%BA%E6%98%AF_VASP%EF%BC%9F\"><\/span>\u70ba\u4ec0\u9ebc DEX \u4ecd\u53ef\u80fd\u88ab\u8a8d\u5b9a\u70ba\u662f VASP\uff1f<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">\u82e5\u55ae\u7d14\u63d0\u5230 DEX\uff0c\u53ef\u80fd\u6703\u6709\u4eba\u8a8d\u70ba\u7531\u65bc\u5176\u662f\u900f\u904e\u667a\u80fd\u5408\u7d04\u57f7\u884c\u4ea4\u6613\uff0c\u4e2d\u9593\u4e26\u7121\u7d93\u7531\u7b2c\u4e09\u65b9\u6216\u7b2c\u4e09\u4eba\uff0c\u800c\u53ef\u4e0d\u88ab\u5217\u5165 VASP\uff08Virtual Asset Service Provider\uff0c\u865b\u64ec\u8cc7\u7522\u670d\u52d9\u63d0\u4f9b\u5546\uff09\u3002\u7136\u800c\uff0c\u5728 2021 \u5e74\u6642\uff0cFATF \u5df2<strong>\u5c07 VASP \u7684\u5b9a\u7fa9\u64f4\u5927<\/strong>\uff0c\u4fee\u6b63\u5c0d\u65bc\u53d7\u7ba1\u5236\u53ca\u9700\u8981\u8ca0\u8cac\u7684 VASP \u7684\u898f\u5b9a\u3002\u53ea\u8981\u5b58\u5728\u300c<strong>\u53ef\u53d7\u8b58\u5225\u7684\u63a7\u5236\u8005<\/strong>\u300d\uff0c\u5c31\u9700\u8981\u6709\u4eba\u5c0d\u65bc\u6b64\u7d44\u7e54\u8ca0\u8cac\uff0c\u800c\u53c8\u6839\u64da\u4ee5\u4e0b\u5224\u65b7\u689d\u4ef6\uff1a<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u662f\u5426\u6709\u4eba\u80fd\u5920<strong>\u63a7\u5236\u6216\u5f71\u97ff\u5408\u7d04<\/strong>\uff1f\u6216\u662f\u958b\u767c\u5718\u968a<strong>\u6301\u7e8c\u904b\u71df<\/strong>\uff1f<\/li>\n\n\n\n<li>\u662f\u5426\u5177\u5b98\u65b9\u7684<strong>\u524d\u7aef\u7db2\u7ad9<\/strong>\uff1f\u800c\u4f7f\u7528\u8005\u9808\u901a\u904e\u67d0\u500b<strong>\u4e2d\u4ecb<\/strong>with confidence.<\/li>\n\n\n\n<li>\u662f\u5426\u6709\u4eba\u5f9e\u4e2d<strong>\u7372\u5229<\/strong>\uff1f<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">\u7576\u4e0a\u8ff0\u689d\u4ef6\u6709\u5176\u4e2d\u4e00\u9805\u6216\u591a\u9805\u6eff\u8db3\u6642\uff0cDEX \u5c31\u6703\u88ab\u8a8d\u70ba\u662fVASP\uff0c\u5177\u6709<strong>\u8cac\u4efb\u4e3b\u9ad4<\/strong>\uff0c\u4e26\u975e\u300c\u53bb\u4e2d\u5fc3\u5316\u300d\u5c31\u53ef\u4ee5\u514d\u9664\u8cac\u4efb\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E7%95%B6_DEX_%E9%81%87%E5%88%B0_DAO_%E6%99%82%EF%BC%8C%E6%98%AF%E5%90%A6%E8%83%BD%E5%A4%A0%E5%81%9A%E5%88%B0%E5%8E%BB%E4%B8%AD%E5%BF%83%E5%8C%96%EF%BC%9F\"><\/span>\u7576 DEX \u9047\u5230 DAO \u6642\uff0c\u662f\u5426\u80fd\u5920\u505a\u5230\u53bb\u4e2d\u5fc3\u5316\uff1f<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">\u7d9c\u5408\u4e0a\u8ff0\u63d0\u5230\u7684\u6982\u5ff5\uff0cDAO \u662f\u7531\u5167\u90e8\u6210\u54e1\u5171\u540c\u6cbb\u7406\u7684\u7d44\u7e54\uff0cDEX \u5247\u662f\u900f\u904e\u667a\u80fd\u5408\u7d04\u81ea\u52d5\u57f7\u884c\u7684\u52a0\u5bc6\u8ca8\u5e63\u91d1\u878d\u4ea4\u6613\u6240\u3002\u7576\u6b64\u5169\u8005\u7d50\u5408\u6642\uff0cDEX \u4e2d\u5be6\u969b\u638c\u63e1\u6cbb\u7406\u6b0a\u529b\u4e4b\u4eba\u5c31\u4e0d\u662f\u516c\u53f8\u6216\u6cd5\u4eba\uff0c\u800c\u662f<strong>\u5177\u6709\u6cbb\u7406\u4ee3\u5e63\u7684\u4e00\u7fa4\u4eba<\/strong>\uff0c\u4e5f\u5c31\u662f\u5c07<strong>\u8cac\u4efb\u5206\u6563<\/strong>\u65bc\u7d44\u7e54\u6210\u54e1\u4e2d\u3002\u5728\u9019\u6642\uff0c\u6b64 DEX \u7684\u904b\u4f5c\u770b\u4f3c\u9054\u5230\u53bb\u4e2d\u5fc3\u5316\u3001\u770b\u4f3c\u7121\u6cd5\u76e3\u7ba1\uff0c\u800c\u4e8b\u5be6\u7684\u78ba\u5982\u6b64\u55ce\uff1f<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u5118\u7ba1 DEX \u8a66\u5716\u85c9\u7531 DAO \u7684\u5f62\u5f0f\u505a\u5230\u53bb\u4e2d\u5fc3\u5316\uff0c\u4f46\u662f\u53ea\u8981\u5b58\u6709\u667a\u80fd\u5408\u7d04\u7684<strong>\u7a0b\u5f0f\u958b\u767c\u8005<\/strong>\u3001<strong>\u524d\u7aef\u53c3\u8207\u8005<\/strong>\u3001\u7d44\u7e54\u5167\u7684<strong>\u95dc\u9375\u8ca2\u737b\u8005<\/strong>\uff0c\u751a\u81f3\u662f\u6240\u6709<strong>\u5171\u540c\u6cbb\u7406\u7684\u4eba<\/strong>\uff0cFATF \u5c31\u53ef\u9032\u884c<strong>\u7a7f\u900f\u5f0f\u76e3\u7ba1<\/strong>\u3002\u53d7\u5230\u76e3\u7ba1\u7684\u5c0d\u8c61\u662f\u300c\u4eba\u300d\uff0c\u800c\u4e0d\u662f\u5176\u4e2d\u904b\u4f5c\u7684\u300c\u93c8\u300d\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E5%8E%BB%E4%B8%AD%E5%BF%83%E5%8C%96%E7%82%BA%E4%BB%80%E9%BA%BC%E5%8B%A2%E5%BF%85%E5%B0%87%E8%B5%B0%E5%90%91%E3%80%8C%E5%86%8D%E4%B8%AD%E5%BF%83%E5%8C%96%E3%80%8D%EF%BC%9F\"><\/span>\u53bb\u4e2d\u5fc3\u5316\u70ba\u4ec0\u9ebc\u52e2\u5fc5\u5c07\u8d70\u5411\u300c\u518d\u4e2d\u5fc3\u5316\u300d\uff1f<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">\u5f9e\u4e0a\u8ff0\u7684\u6240\u6709\u8ad6\u9ede\u4e2d\uff0c\u6211\u5011\u53ef\u4ee5\u767c\u73fe\u6240\u6709\u6253\u8457\u53bb\u4e2d\u5fc3\u5316\u65d7\u5e5f\u7684\u61c9\u7528\uff0c\u6700\u5f8c\u672c\u8cea\u4e0a\u90fd\u96e3\u9003\u4e2d\u5fc3\u5316\u7684\u9b54\u722a\uff0c\u5176\u4e2d\u539f\u56e0\u53ef\u80fd\u662f\u57fa\u65bc\u4ee5\u4e0b\u5e7e\u9ede\uff1a<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E4%B8%80%E3%80%81%E7%B6%93%E6%BF%9F%E9%9B%86%E4%B8%AD\"><\/span>\u4e00\u3001\u7d93\u6fdf\u96c6\u4e2d<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">\u5728\u7372\u5f97\u865b\u64ec\u8ca8\u5e63\u7684\u9014\u5f91\u4e0a\uff0c\u5206\u70ba\u900f\u904e<strong>\u8a08\u7b97\u80fd\u529b<\/strong>\u6216\u662f\u900f\u904e<strong>\u80a1\u6b0a\u8b49\u660e<\/strong>\u53d6\u5f97\u9a57\u8b49\u6b0a\u7684 PoW\uff08Proof of Work\uff0c\u5de5\u4f5c\u91cf\u8b49\u660e\uff09\u6216 PoS\uff08Proof of Stake\uff0c\u80a1\u6b0a\u8b49\u660e\u6216\u6b0a\u76ca\u8b49\u660e\uff09\uff0c\u524d\u8005\u4f8b\u5982\u6bd4\u7279\u5e63 BTC \uff0c\u5f8c\u8005\u5247\u4f8b\u5982\u4ee5\u592a\u5e63 ETH\u3002\u7531\u65bc\u4ee5\u8a08\u7b97\u80fd\u529b\u7372\u5f97\u4ee3\u5e63\u6240<strong>\u8017\u8cbb\u7684\u80fd\u6e90\u904e\u9ad8<\/strong>\uff0c\u4e14<strong>\u6548\u7387\u8f03\u4f4e<\/strong>\uff0c\u7b2c\u4e8c\u5927\u516c\u93c8\u4ee5\u592a\u574a\u65bc 2022 \u5e74\u5f9e PoW \u8f49\u5411\u4f7f\u7528 PoS\uff0c\u4e5f\u5c31\u662f\u8aaa\u5c07\u53ef\u80fd\u6709\u8d8a\u4f86\u8d8a\u591a\u5340\u584a\u93c8\u5c07\u4f7f\u7528 PoS \u6a5f\u5236\u3002\u800c\u6211\u5011\u4e0d\u96e3\u60f3\u50cf\uff0c\u7576\u4ee5\u6301\u6709\u6bd4\u4f8b\u6c7a\u5b9a\u9a57\u8b49\u6b0a\u6b78\u5c6c\u6642\uff08PoS\uff09\uff0c\u9664\u4e86\u6703\u5c0e\u81f4<strong>\u5bcc\u8005\u8d8a<\/strong>\u5bcc\u7684\u60c5\u6cc1\u5916\uff0c\u66f4\u6703\u4f7f\u5f97<strong>\u6cbb\u7406\u96c6\u4e2d\u5316<\/strong>\uff0c\u4ea6<strong>\u66f4\u5bb9\u6613\u53d7\u5230\u76e3\u7ba1<\/strong>with confidence.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E4%BA%8C%E3%80%81%E5%A4%A7%E7%9C%BE%E5%8F%96%E5%90%91\"><\/span>\u4e8c\u3001\u5927\u773e\u53d6\u5411<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">\u5118\u7ba1\u5e02\u5834\u4e0a\u5b58\u5728\u8457\u4e2d\u5fc3\u5316\u4ea4\u6613\u6240 CEX<strong><em> <\/em><\/strong>\u8207\u53bb\u4e2d\u5fc3\u5316\u4ea4\u6613\u6240DEX\uff0c\u800c\u5927\u90e8\u5206\u7684\u4eba\u4ecd\u662f\u4ee5<strong>\u4f7f\u7528\u4e2d\u5fc3\u5316\u4ea4\u6613\u6240\u70ba\u4e3b<\/strong>\uff0c\u4f8b\u5982\u622a\u81f3 2026 \u5e74 4 \u6708\u524d\u5169\u5927\u52a0\u5bc6\u8ca8\u5e63\u4ea4\u6613\u6240 Binance \u5e63\u5b89\u548c Coinbase \u7b49\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E4%B8%89%E3%80%81%E5%AE%89%E5%85%A8%E9%9A%B1%E6%86%82%E5%8F%8A%E7%9B%A3%E7%AE%A1%E5%A3%93%E5%8A%9B\"><\/span>\u4e09\u3001\u5b89\u5168\u96b1\u6182\u53ca\u76e3\u7ba1\u58d3\u529b<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">\u53bb\u4e2d\u5fc3\u5316\u7684\u7406\u60f3\u662f\u7f8e\u597d\u7684\uff0c\u4f46\u4e0d\u5f97\u4e0d\u91cd\u8996\u80cc\u5f8c\u53ef\u80fd\u7522\u751f\u7684\u6d17\u9322\u6216\u8a50\u9a19\u7b49<strong>\u72af\u7f6a\u554f\u984c<\/strong>\u3002\u5176\u4e00\uff0c\u76f8\u6bd4\u4e2d\u5fc3\u5316\u4ea4\u6613\u6240\u9700\u8981\u627f\u64d4\u7684<strong>\u9322\u5305\u7ba1\u7406\u98a8\u96aa<\/strong>\uff0c\u53bb\u4e2d\u5fc3\u5316\u4ea4\u6613\u6240\u66f4\u591a\u51fa\u53e6\u4e00\u500b<strong>\u667a\u80fd\u5408\u7d04\u6f0f\u6d1e\u98a8\u96aa<\/strong>\u3002\u5176\u4e8c\uff0c\u6839\u64da FATF \u7684\u614b\u5ea6\u4e0d\u96e3\u767c\u73fe\uff0c\u7576\u53ea\u8981\u627e\u5f97\u5230\u70ba\u6b64\u8209\u52d5\u8ca0\u8cac\u7684\u4eba\uff0c\u5c31<strong>\u9808\u53d7\u5230\u76e3\u7ba1<\/strong>\uff0c\u5c31\u6703\u6709\u4eba\u9808\u70ba\u6240\u767c\u751f\u7684\u4e8b\u8ca0\u8cac\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E7%B5%90%E8%AB%96\"><\/span>\u7d50\u8ad6<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">\u7d9c\u4e0a\u6240\u8ff0\uff0c\u5b8c\u5168\u53bb\u4e2d\u5fc3\u5316<strong>\u5e7e\u4e4e\u662f\u4e0d\u53ef\u80fd\u5b58\u5728<\/strong>\u7684\u3002\u5728 DAO \u6240\u9762\u81e8\u7684\u56f0\u5883\u4e2d\uff0c\u6838\u5fc3\u958b\u767c\u8005\u6216\u662f\u63e1\u6709\u8f03\u591a\u6295\u7968\u6b0a\u7684\u4eba\u4ee5<strong>\u53e6\u5916\u4e00\u7a2e\u5f62\u5f0f\u9054\u6210\u300c\u4e2d\u5fc3\u5316\u300d<\/strong>\uff1b\u5728 DEX \u7684\u904b\u4f5c\u4e2d\uff0c\u8fd1\u4e4e\u6240\u6709\u7684\u4ea4\u6613\u6240\u7686\u96e3\u4ee5\u5be6\u73fe\u5b8c\u5168\u53bb\u4e2d\u5fc3\u5316\u3002\u70ba\u4e86\u56e0\u61c9\u76e3\u7ba1\uff0c\u5728\u672a\u4f86\u7684\u767c\u5c55\u8da8\u52e2\u4e0a\u5c07\u53ef\u80fd\u8d70\u5411\u300c<strong>\u534a\u53bb\u4e2d\u5fc3\u5316<\/strong>\u300d\uff0c\u4e5f\u5c31\u662f\u4ee5<strong>\u524d\u7aef KYC\u3001\u5f8c\u7aef\u53bb\u4e2d\u5fc3\u5316<\/strong>\u7684\u65b9\u5f0f\u9032\u884c\uff0c\u6216\u662f\u5728\u4e0d\u6d88\u6ec5 DAO \u5f62\u5f0f\u4e0b<strong>\u4ee5\u6cd5\u5f8b\u9032\u884c\u5305\u88dd<\/strong>\u3002\u65e2\u7136 DAO \u7121\u6cd5\u6d88\u9664\u6b0a\u529b\uff0c\u90a3\u5c31\u4f7f\u5176<strong>\u91cd\u65b0\u5206\u914d\u6b0a\u529b<\/strong>\uff0c\u53ea\u8981\u6c92\u6709\u5176\u4e2d\u4e00\u65b9\u63e1\u6709\u8d85\u904e 51% \u7684\u6b0a\u529b\uff08<a href=\"https:\/\/www.binance.com\/zh-TC\/academy\/articles\/what-is-a-51-percent-attack\" target=\"_blank\" rel=\"noopener\">51% \u653b\u64ca<\/a>\uff09\uff0c\u5c31\u8a8d\u70ba\u662f\u53bb\u4e2d\u5fc3\u5316\u3002\u53ef\u4ee5\u8aaa FATF \u8b93\u7406\u60f3\u4e0a\u7684\u53bb\u4e2d\u5fc3\u5316\u56de\u5230\u73fe\u5be6\u4e16\u754c\u7684\u898f\u5247\uff0c\u6211\u5011\u4ecd\u820a\u96e3\u4ee5\u5b8c\u5168\u812b\u96e2\u4e2d\u5fc3\u5316\u7684\u6846\u67b6\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u4ee5\u4e0a\u4ecb\u7d39\u53bb\u4e2d\u5fc3\u5316\u7d44\u7e54 DAO \u8207\u5176\u6240\u9762\u81e8\u7684\u56f0\u5883\uff0c\u4ee5\u53ca\u53bb\u4e2d\u5fc3\u5316\u672a\u4f86\u53ef\u80fd\u7684\u8d70\u5411\uff0c\u800c\u82e5\u662f\u5c0d\u65bc\u865b\u64ec\u8ca8\u5e63\u6216\u662f\u865b\u64ec\u8ca8\u5e63\u8a50\u9a19\u76f8\u95dc\u77e5\u8b58\u6709\u8208\u8da3\uff0c\u6b61\u8fce\u53c3\u8003<a href=\"https:\/\/chainvestigate.com\/en\/\">Chainvestigate<\/a>\u7684\u66f4\u591a\u6587\u7ae0\uff01<\/p>","protected":false},"excerpt":{"rendered":"<p>\u6b64\u7bc7\u6587\u7ae0\u63a2\u8a0e DAO \u8207 DEX \u5728\u53bb\u4e2d\u5fc3\u5316\u7406\u60f3\u4e0b\u7684\u73fe\u5be6\u56f0\u5883\u3002DAO 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