On The Paths Of Legal Regulation Of The Cross-border Blockchain Payment

Cross-border payment driven by cross-border e-commerce has grown strongly in recent years.However,the traditional cross-border payment needs technological breakthrough because of its high cost,low efficiency and low security.Blockchain technology can make up for the shortcomings of traditional cross-border payment due to its decentralization,distrust,non-tamperability,anonymity,traceability.Various types of institutions at home and abroad have tried to promote their application practice.The application of blockchain technology in the field of cross-border payment will have a huge impact on the traditional financial field and bring many challenges to the existing legal supervision and supervision methods.How can blockchain cross-border payment be implemented commercially and benefit the public at an early date? In addition to the technical exploration of blockchain itself,it is an urgent task to study the legal issues and regulatory challenges brought by its application,and promote its application and development with a sound legal and regulatory environment and appropriate regulatory methods.This paper is divided into four parts.Chapter 1.Basic theory of blockchain cross-border payment.I study the advantages of blockchain cross-border payment in theory,and analyze the process and advantages of two practical cases of blockchain cross-border payment platform called Oklink and Ripple based on the technical principle of blockchain,which can lay the theoretical foundation for the research.Chapter 2.Legal risks and regulatory challenges of blockchain cross-border payment.The legal issues and regulatory challenges of blockchain cross-border payment practice on China's legal currency,cross-border money laundering,digital asset ownership certificate,foreign exchange management,financial consumer rights protection,international rules and foreign laws were discussed based on the basic theory and case analysis of it's concept and process.Chapter 3.Supervision legal policies and enlightenment of blockchaincross-border payment outside China.The experience combing the regulatory policies of blockchain cross-border payment of international organizations and three representative countries of financial development in the United States,the United Kingdom and Japan can be used by China.Chapter 4.Legal supervision path of China's blockchain cross border paymentThe improvement suggestions of supervision path on the practice of blockchain cross-border payment in China were put forward according to the existing policies and regulations on blockchain and cross-border payment,the possible legal problems in its application,and the supervision experience of blockchain cross-border payment outside the domain.