NEAR Co-founder Illia Polosukhin says the crypto industry should proactively curb criminal activity
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AT A GLANCE
NEAR Protocol Co-founder Illia Polosukhin advocates that the crypto industry proactively curb criminal activity through collaboration.
Article
NEAR Co-founder: Decentralization does not mean a lack of organization; the crypto industry should proactively curb criminal activity
BlockBeats reports,September 29，NEAR Protocol Co-founder Illia Polosukhin wrote that the crypto industry is facing a choice: either become more mature or risk being marginalized in the absence of targeted regulation. He believes that claiming decentralized systems cannot take action is inconsistent with the facts—“decentralization does not mean a lack of organization.”
Illia stated that although banks use AI to identify fraud, their systems are highly centralized and rely on KYC while KYC has not solved the real problem. The crypto industry has richer data and talent and can build systems that do not rely on KYC while effectively curbing criminal activity and protecting the freedom of legitimate users.
He believes that industry collaboration can gradually eliminate criminal activity from the crypto sector; compared with the market size associated with putting overall economic activity on-chain, the market size associated with criminal activity is much smaller.
Original link https://m.theblockbeats.info/flash/369451
Key points
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BlockBeats reports that,September 29, Illia Polosukhin wrote about the crypto industry's maturity, regulation, and crime prevention.
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Illia Polosukhin stated that the crypto industry may become more mature or may be marginalized in the absence of targeted regulation.
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Illia Polosukhin believes that “decentralization does not mean a lack of organization” and that decentralized systems can take action.
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Illia Polosukhin stated that banks use AI to identify fraud, but their systems are highly centralized and rely on KYC; he believes that KYC has not solved the real problem.
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Illia Polosukhin believes that the crypto industry can build systems that do not rely on KYC while curbing criminal activity and protecting the freedom of legitimate users.
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Illia Polosukhin believes that industry collaboration can gradually eliminate criminal activity from the crypto sector.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This is a personal opinion on crypto industry governance. Illia Polosukhin believes that decentralization does not mean participants cannot cooperate to establish crime-prevention mechanisms; he advocates using the industry's data and talent to curb crime without relying on KYC while protecting the freedom of legitimate users.
Why it matters to readers
This reflects an internal discussion within the crypto industry about self-regulation, crime prevention, and regulatory pressure, but the original text does not disclose any specific mechanisms, policies, or products that have been implemented.
Beginners should understand this as an industry governance proposition, rather than an implemented security solution or regulatory policy; the statement itself cannot prove that the relevant systems already exist or are effective.
Risks and unknowns
The current material is a report by BlockBeats and does not provide the complete content of Illia Polosukhin's original post.
The text does not explain the specific design, participants, implementation timeline, or verification method of the proposed systems.
do not rely on KYC systems can effectively curb criminal activity cannot be confirmed by the current evidence.
Whether industry collaboration can gradually eliminate criminal activity is the speaker’s opinion; no outcome data supports it.
The materials do not show this.NEAR Protocol Relevant products, governance mechanisms, or funding arrangements have been launched.
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decentralization
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