Event Review | "How Traditional Payments Transform to Web3.0: Innovative Paths and Compliance Practices" Successfully Concluded!

On April 25, 2025, the event "How Traditional Payments Transform into Web3.0: Innovative Paths and Compliance Practices" co-hosted by Mankun Law Firm, Techub News, Mobile Payment Network, Web3Hub, and BlockbeatHK was successfully held in Qianhai, Shenzhen! Against the backdrop of the accelerated reconstruction of global fintech and the gradual maturity of on-chain payments, PayFi is becoming a key hub connecting Web2 and Web3. This event focuses on the innovative paths and compliance challenges in the payment track, as well as the deep integration scenarios of "Payment + Web3", creating a high-quality and highly interactive communication space.

In this event "How Traditional Payments Transform into Web3.0: Innovative Paths and Compliance Practices", we are honored to invite four industry leaders as keynote speakers to conduct an in-depth discussion around three core topics:

1. How to "go on-chain" for payments｜The transition path from Web2 to Web3 Explore the integration of traditional payment systems with blockchain technology, starting from the existing payment models, and gradually analyze the core elements and key challenges needed for the evolution towards Web3.0 payment scenarios.
2. Compliance is no longer a "roadblock" | Regulatory trends from a global perspective Based on the global regulatory landscape, interpret the emerging policy trends in the field of cryptocurrency payments and share how to identify opportunities and spaces for innovation in compliance amidst changes.
3. The Real Implementation of PayFi｜Product Design, Business Model, and Risk Control Practices Focusing on practical application cases of the PayFi project, in-depth discussion on practical experience and insights regarding product architecture construction, business model innovation, and risk control system development. Guests analyzed the technological transformation, compliance requirements, and business opportunities faced by the payment industry in its transition to Web3 from different professional perspectives, combining their rich practical experience. The event featured four keynote speeches and a high-energy AMA interactive discussion. The topics closely aligned with the industry hotspots of the integration of payment and Web3, covering cutting-edge topics such as blockchain payment innovation, trends in crypto finance compliance, and practical implementations of PayFi. It not only provided participants with rich industry insights and practical experiences but also built a high-quality and interactive communication platform.

Starting from Stablecoins - Observing the Compliance Path of Traditional Payment Institutions Transforming to Web3.0 Speaker: Shao Jia Dian ( Partner at Mankun Law Firm ) First of all, Shao Jiaio, a partner of Mankiw Law Firm, opened with the theme of "Interpretation of Global Stablecoin Supervision and the Compliance Path of Web3 Transformation of Traditional Payment Institutions". Starting from the evolution cases of typical stablecoins such as USDT, USDC, PYUSD, etc., Mr. Shao talked about the risks and challenges in the development of stablecoins, and also introduced the commonalities and characteristics of stablecoin supervision in major jurisdictions around the world. Mr. Shao believes that the future of Web3 payment is not a game between code and law, but a cornerstone of trust based on application compliance.

The Land of Innovation: Web3.0 Payments and RWA Speaker: Yang Zixuan ( BlockbeatHK Market Vice President ) Next, Yang Zixuan, Deputy Director of the BlockbeatHK market, shared "Where Innovation Happens: Web3.0 Payment & RWA". He discussed how Web3 payments are breaking traditional barriers against the backdrop of changes in the global payment market, such as providing a new integrated crypto payment experience for merchants online and offline through SPARK Pay. At the same time, he also shared the enormous potential of RWA (Real-World Assets on the Blockchain): the future of payment settlement and the entire lifecycle of tokenized assets is expected to be completed on-chain, achieving a more efficient, transparent, and globalized flow of value than today.

KYT: The 'New KYC' in the Web3.0 Era Speaker: Joe Zhou ( Beosin CEO ) Subsequently, Beosin CEO Joe Zhou presented "KYT: The 'New KYC' in the Web3 Era." Joe opened with a true story of asset theft, allowing everyone to feel the real existence of risks in the on-chain world. He mentioned that relying solely on traditional KYC is far from sufficient; what is needed in the Web3 era is KYT—Know Your Transaction, to understand the risks of each transaction in real-time. Beosin is helping project parties and financial institutions navigate more steadily and further in a complex environment through on-chain monitoring, risk assessment, and Compliance consulting.

Stablecoins, the future of global payments and trade - Hong Kong's unique position Speaker: Zhong Jiadong ( CTO of Yuan Coin Technology ) Finally, the CTO of Yuan Coin Technology, Zhong Jiadong, presented "The Financial Platform Bridging Web2 & Web3". He shared the current status and advantages of stablecoin applications in cross-border trade. Compared to traditional clearing processes, stablecoin payments are more efficient, more transparent, and easier for Compliance tracing. Especially in Southeast Asia and emerging markets, stablecoins are becoming a new settlement tool connecting both sides of trade. With the regulatory framework for stablecoins in Hong Kong becoming increasingly sophisticated, this model will have greater potential in the future.

Interactive Q&A session Lawyer Liu Honglin served as the host of the AMA interactive discussion session. During the AMA interactive discussion session, the guests interacted and communicated on three points: the challenges of traditional payment's transition to Web3; compliance and practical licensing; and the implementation of on-chain payment products. This form of interaction not only increased the fun and participation of the event but also provided the audience with an opportunity to engage directly with industry experts.

▲Guest AMA session Summary Heartfelt thanks to every friend who participated in the event "How Traditional Payments Transform to Web3.0: Innovative Paths and Compliance Practices"! It is precisely because of everyone's enthusiastic support and active participation that this exchange event was successfully concluded, allowing us to have a deeper and more comprehensive exploration of how the payment industry can embrace the Web3.0 era. As a law firm focused on Web3.0 and financial technology, Mankun Law Firm is committed to providing in-depth, practical, and implementable legal and compliance services, accompanying every industry practitioner in identifying opportunities, navigating challenges, and moving forward steadily amidst transformation. We also look forward to more opportunities in the future to gather with everyone offline, share practical experiences, exchange innovative ideas, and jointly promote the payment industry to thrive in the Web3.0 era. Thank you again to every partner for your presence and support. I look forward to seeing everyone again in the near future!

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Author of this article: Mankun Brand Department