Устойчивые инновации и регулирование: эко-система децентрализованных и централизованных финансов

Данное исследование посвящено продолжающейся дискуссии между децентрализованными финансами (DeFi) и централизованными финансами (CeFi), с акцентом на анализ их уникальных преимуществ и вызовов в условиях стремительно меняющегося финансового ландшафта. Целью исследования является обоснование необходимостм конвергенции DeFi и CeFi для создания инновационной и безопасной финансовой экосистемы, которая сочетает доступность и безопасность, используя Казахстан в качестве примера. В исследовании используется метод сравнительного анализа и метод кейс-стади для изучения подхода Казахстана к регулированию цифровых активов. Основное внимание уделяется вопросам лицензирования, реализации протоколов противодействия отмыванию денег (AML) и защите прав потребителей как ключевым факторам интеграции DeFi и CeFi. В качестве первичных данных используется анализ регуляторной базы Казахстана в области цифровых активов, а также статистические показатели внедрения AML-протоколов и уровня защиты потребителей. Результаты исследования показывают, что гибридная регуляторная модель эффективно устраняет различия в операционной деятельности DeFi и CeFi, способствуя инклюзивности и экономическому росту при защите интересов потребителей. Регуляторный акцент Казахстана на лицензировании и протоколах AML демонстрирует, что сбалансированный подход к регулированию может учитывать как технологический прогресс, так и необходимость защиты финансовых участников. Исследование делает вывод, что конвергенция DeFi и CeFi через гибридную регуляторную модель может заложить основу для устойчивой цифровой финансовой среды, которая будет доступной, инновационной и безопасной. В качестве перспективных направлений для дальнейших исследований рекомендуется изучение роли передовых технологий, таких как квантовые вычисления, а также анализ социально-экономических последствий интеграции DeFi и CeFi в контексте повышения финансовой инклюзивности для недостаточно обслуживаемых групп населения.

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