When Chengdu encounters the wave of Web3, what kind of sparks of thought will collide? On August 15, the themed exchange meeting titled 'Chengdu·Web3—Real Opportunities and Entrepreneurial Pitfalls,' jointly organized by Mankun Law Firm and the Web3 Compliance Research Group, and co-organized by Zhiheng (Chengdu) Law Firm and Chain Law Technology, successfully concluded in Chengdu!
This event invited industry experts deeply engaged in Web3 compliance from Mankun Law Firm, the Web3 Compliance Research Group, Chain Law Technology, Huoxun Finance, and Zhiheng (Chengdu) Law Firm, to engage in face-to-face discussions with local Chengdu Web3 practitioners, entrepreneurs, and legal friends, uncovering genuine opportunities in the industry, sharing experiences of pitfalls in entrepreneurship, breaking the cognitive shackles for Chengdu Web3 practitioners, and reconstructing the paradigm of understanding in the industry.
Opening Speech
At the beginning of the event, Zhao Yidan, co-founder of Huoxun Finance, builder of RWA Wave Laboratory, and Deputy Dean of RWA Institute Brand IP Institute, served as the host, warmly welcoming the guests and introducing the organizers and co-organizers, officially kicking off the event.
Subsequently, Ms. Xia Yao, Senior Partner at Zhiheng Chengdu, took the stage to give a speech, briefly introducing the development history of Zhiheng (Chengdu) Law Firm and its extensive service network, conveying the firm's attention and support for the Web3 field, setting a professional tone for the salon.
Sharing Review
Zhang Na, Co-founder and Marketing Director of Mankun Law Firm
Director Na shared Mankun's experience and thoughts on deeply cultivating the Web3 field. She pointed out that the healthy development of Web3 relies on the 'legitimate soil' and that professional legal services are an important nutrient for this soil. In terms of business layout, Mankun has built a full-chain service system covering long-term legal advisory for Web3.0, compliance for NFT digital collectibles, global license applications, and establishment of crypto funds; it can provide compliance support for project parties in the early stages and assist traditional enterprises in completing digital transformation.
In terms of service models, they have cumulatively served over 300 Web3 projects through a combination of 'content legal education + offline activities + digital management.' The unique 'Three-Power Evaluation Model' can accurately match client needs and improve service efficiency.
Regarding the Chengdu market, she stated that local collaboration will be strengthened, providing customized services that combine 'global breadth and Chinese depth' to support the compliance growth of the regional Web3 ecosystem. Director Na emphasized: 'Web3 is not a lawless land; compliance is not a shackle on innovation but a guarantee for innovation to go further. Mankun firmly believes that only by allowing Web3.0 to occur legally in China can its true commercial value be released.'
Senior Corporate Compliance Officer, Head of the Blockchain Legal Affairs Department at Zhiheng (Chengdu) Law Firm - Pang Meimei
Lawyer Pang Meimei shared her unique experience of transitioning from an IT engineer to a legal practitioner, offering insights from a cross-disciplinary perspective. She analyzed the triangular relationship between 'technology, law, and finance' in the Web3 field, providing highly practical industry insights.
She accurately dissected the pain points for different groups: analyzing the criminal risks in virtual currency transactions for Web3 practitioners, clarifying the boundaries of high-frequency crimes such as 'aiding and abetting' and 'money laundering,' and delineating compliance red lines; breaking the misconception among traditional legal peers that 'Web3 legal services are only limited to criminal defense,' showcasing diverse business scenarios through cases such as NFT compliance consulting and cross-border payment framework design; emphasizing the underlying logic of 'business and law collaboration' to entrepreneurs, suggesting that compliance genes be embedded in the early stages of projects to avoid risks from the business model design phase.
She also specifically mentioned the uniqueness of the Chengdu Web3 ecosystem: 'Innovation here combines the warmth of tea houses with ambitions for technological breakthroughs. Legal services need to be more grounded and understand the industry better to truly support innovation.'
Guest AMA Session
In this roundtable AMA session, three heavyweight guests were invited to discuss the topic of 'how to efficiently utilize Web3 industry dividends under the premise of compliance.' They are:
Zhang Na | Co-founder and Marketing Director of Mankun Law Firm
Meg | Partner of the Commercial Law Division at Chain Law Technology
Pang Meimei | Senior Corporate Compliance Officer, Head of the Blockchain Legal Affairs Department at Zhiheng (Chengdu) Law Firm
This roundtable was hosted by Zhao Yidan, co-founder of Huoxun Finance, builder of RWA Wave Laboratory, and Deputy Dean of RWA Institute Brand IP Institute. She first briefly introduced the guests present and then raised thoughts based on the domestic Web3 entrepreneurial environment, officially starting this roundtable Q&A session.
Ms. Zhang Na, Co-founder and Marketing Director of Mankun Law Firm, showcased the value of Web3 legal services in people's livelihoods and risk prevention through case studies: as virtual assets are incorporated into family wealth, new issues arise in marriage and family cases such as NFT division and recognition of intra-marital appreciation of virtual currency. In inheritance, issues like private key management and on-chain verification are prominent, requiring 'legal and technical' solutions to address them. Criminal risks are a must-learn topic for practitioners, as every step, from OTC trading fund review to token issuance compliance, may touch red lines. Legal services should prioritize risk prevention rather than merely providing post-incident relief, building a solid defense line for the healthy development of the industry.
Meg, Partner of the Commercial Law Division at Chain Law Technology, has long been engaged in the Web3 industry, analyzing the potential and challenges in the exchange and payment fields from a business perspective. She pointed out that the exchange track is shifting from 'extensive expansion' to 'refined operation,' with compliance becoming a core competency. Leading platforms have set up global licensing matrices, while small and medium platforms need to delve into vertical fields; in the payment field, 'the integration of traditional finance and Web3' is a key opportunity point, with strong demand for stablecoin payments and cross-border crypto remittances. However, issues such as anti-money laundering and foreign exchange regulation need to be addressed. Some companies have already achieved breakthroughs through the RWA model of 'off-chain compliance + on-chain settlement,' meeting regulatory requirements while retaining the efficiency advantages of blockchain.
She reminded practitioners that the design of profit models must be premised on compliance, stating that 'the short-term traffic dividend is not as valuable as a long-term compliance barrier.'
Senior Corporate Compliance Officer and Head of the Blockchain Legal Affairs Department at Zhiheng (Chengdu) Law Firm, Lawyer Mei called on peers to seize Web3 opportunities, pointing out that traditional lawyers' understanding of Web3 often remains limited to 'virtual currency crimes,' while there has been a surge in legal service demand in areas such as smart contract auditing, DAO governance, and digital identity verification.
Lawyer Mei emphasized that the ability to cross boundaries between technology and law is a core competency: 'Not understanding blockchain technology makes it difficult to identify smart contract vulnerabilities; being unfamiliar with regulatory frameworks hinders the design of compliant models.' In the future, lawyers who possess both 'technical logic and legal thinking' will have the opportunity to seize a competitive edge in the blue ocean. She urged the legal community to break existing perceptions and embrace technological transformation, stating, 'Web3 is not a lawless land but a testing ground for legal service innovation.'
Conclusion
This event has successfully concluded. This professional exchange focusing on cutting-edge fields not only provided industry communication and legal guidance for the compliance development of Chengdu Web3 practitioners but also offered clear ideas for future entrepreneurs wanting to establish themselves in Chengdu Web3.
To safeguard the high-quality development of Chengdu's regional economy and technological innovation, and to help release more innovative vitality in the Web3 field within the compliance framework. May this sharing help Chengdu Web3 practitioners find their coordinates in the Web3 industry.
Thank you to all the guests present, and we look forward to seeing you next time!
