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The milestone is coming, and the BAS Blockchain Global Summit Forum comes to a successful conclusion!

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On March 10, 2021, the BAS Blockchain Global Summit Forum, themed by Trend Empowering New Economy and Jointly Innovating and Exhibiting the Future, came to a successful conclusion in Haikou, a national-level blockchain base.

A number of invited guests attended the BAS Global Launch Conference, including Zhang Yongxing, researcher of the Development Research Center of the State Council, Zhu Youping, deputy director of the Blockchain Professional Committee of China Communications Industry Association, and dean of the School of Digital Economics, Shenzhen Information Service Industry Blockchain Association Dr. Cheng Xiaoming, Ph.D. in Economics Liu Changyong from Peking University, Manager Yu, founder of BAS Public Chain, David, Dean of BAS Business School, and Dai Feiqing, founder of Alibaba Sesame Credit, and many other heavyweight leaders.

At the meeting, guests focused on blockchain to discuss the development of digital economy around topics such as new public chains, new economies, new species, and new eras, and capture the future value trend of the digital economy era for us. The following is the BAS public chain selected the essence of the big coffee thoughts in the 8-hour industry ceremony, and we will reminisce and appreciate together with you.

At the beginning of the meeting, President Ma of the BAS public chain gave an opening speech with passion and fired the first shot of the entire summit.

Afterwards, Mr. David, Dean of BAS Business School, gave a wonderful sharing with everyone. It shared the development history of the blockchain and the core standards of the blockchain 4.0 era. At the same time, it elaborated on the technical support of BAS as well as a wide range of application scenarios and business logic.

Zhang Yongxing from the Research Institute of the Development Research Center of the State Council shared on the development of blockchain technology. He said that the blockchain is a neutral technology, and the issue of Bitcoin should not be borne by the blockchain. The issuance of the blockchain should be carried out under the strict management of the government and based on real money. He believes that in order to allow blockchain technology to return to its true value, it must develop rationally and healthily in its application.

Liu Changyong, Ph.D. of Economics at Peking University, mentioned in a speech that more and more universities and enterprises are beginning to study blockchain and offer courses. Blockchain is a comprehensive innovation. The current blockchain technology must be combined with entities for commercial applications to reach a new level. As a senior popular science scholar in the blockchain field, Liu Changyong believes that BAS’s payment system provides a scenario and product where blockchain technology can be commercialized on a large scale.

In the afternoon session of the collision of ideas and in-depth exchanges, the meeting almost reached its climax, and many heavy guests all appeared on the stage. How can the picture be a good word.

Cheng Xiaoming, deputy director of the Blockchain Special Committee of China Communications Industry Association, and Dean of the Digital Economics School of Shenzhen Information Service Industry Blockchain Association, explains blockchain from economics and finance, and how blockchain technology can transform and empower blockchain entity. When it comes to the BAS public chain, Dr. Cheng Xiaoming believes that it is in line with national policies to use blockchain technology to empower entities and transform and upgrade the chain; at the same time, BAS’s cross-border payment system will lead a new era in the blockchain industry.

Afterwards, the founder of the Aliren Blockchain Alliance and the founder of Alibaba Sesame Credit Dai celebrated on stage to give a speech and talked about Ali and the big dream of blockchain. He started from Alibaba and talked about the importance of choosing the outlet industry. At present, the BAS public chain has stood at the outlet of the non-blockchain industry. He also analyzed technology applications and compared the success of Alibaba. BAS will also achieve great success in the future with mature technology and applications.

Regarding new finance and new payments, Zhu Youping, a well-known blockchain economist and deputy director of the Blockchain Professional Committee of China Communications Industry Association, also expressed his insights. He first praised the phenomenon that the chain reform is the driving force of the blockchain to empower the real economy, and said that with the improvement of digital technology, more blockchain applications will be launched, and BAS cross-border payment will be a very powerful A full range of blockchain application tools.

Finally, Mr. Yu, the founder of BAS public chain, talked about the technical concept and future vision of BAS public chain. After sharing BAS’s plans for the next two years, the atmosphere of the meeting reached a climax again. BAS said that in addition to technological innovation, BAS also has a clear development direction: BAS is a token economic chain, a payment chain, and a world-class token network with huge potential. BAS hopes to use its technical strength to promote the integration of the blockchain industry and modern commercial finance in the future, and to truly empower the encrypted payment field, so as to subvert the traditional industrial chain and business form.

The BAS public chain sits on the three must-win elements of the right time, the right place, and the strategist, and it will be invincible in the future. Tianshi, who conforms to the general trend of the global digital economy and open finance; the geographical advantage is to establish the global operation center in Hainan, the capital of China’s blockchain; Renhe is the consensus of millions of people around the world,

Those who gain the path will help more, and those who fail are few. The BAS public chain is the gainer in the blockchain field and the master of inclusive finance!

As the holding of this summit forum and the base camp of the BAS public chain, under the support of a series of policies, Hainan will quickly gather the blockchain industry and talents in the future, give full play to the advantages of talents and industry, and it is expected that Hainan will become the blockchain industry in my country. Industry high ground, and at the same time leading the pace of blockchain advancement on a global scale, this is really powerful for the development of BAS public chain.

For the long-term development of the BAS public chain, this summit forum is undoubtedly a landmark meeting. I believe that in the future, in the global and far-reaching strategic layout, there will be continuous bright spots and new ideas. The curtain of the conference is slowly falling, BAS’s new journey of blockchain will begin again, and what we can do is to live up to our mission and move forward! Welcome to join the mighty army of BAS consensus and conspire together!

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FinHarbor Launches AI Co-Investigator for AML

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Nicosia, Cyprus, July 20th, 2026, FinanceWire

A self-hosted LLM connected to the platform’s ledger, KYC/KYB, KYT, and audit trail takes over the routine layer of AML investigations – while every decision with regulatory consequences stays with a human

FinHarbor, a technical platform provider for launching compliant, modular financial products, has announced the launch of its AI Act-ready compliance module – an AI co-investigator that works on top of the platform’s existing compliance stack and is deployed entirely inside the client’s own infrastructure.

The timing matters. On 2 August 2026, the EU AI Act’s transparency obligations take effect for customer-facing AI systems, while the recently adopted simplification package moved the high-risk requirements to December 2027 – a preparation window, not an amnesty. FinHarbor’s answer is a module designed around the Act’s logic from day one: documented, supervised, and architecturally incapable of acting alone.

The problem: compliance teams drowning in false alarms

The economics of AML operations are well documented. According to Google Cloud, more than 95% of alerts generated by rules-based AML systems turn out to be false positives at first review, and roughly 98% never result in a suspicious activity report. Compliance teams at growing platforms spend the bulk of their time reconstructing cases from disconnected tools rather than investigating genuine risk.

The industry results from applying AI to this layer are equally documented. HSBC, working with Google Cloud, cut alert volumes by more than 60% while identifying two to four times more genuinely suspicious activity. In a Coforge deployment at a leading US bank, an AI-powered alert optimization framework reduced false positives by 70% and improved fraud detection rates by 35%.

What the module does

FinHarbor’s co-investigator operates across the platform’s unified ledger, KYC/KYB, KYT, transaction monitoring, and append-only audit trail. In practice, it:

  • Pulls client and transaction data on demand. An analyst asks a question in plain language; the module queries the platform’s databases directly – no SQL, no waiting for a data team.
  • Clears the routine layer of AML alerts. Recurring false positives are classified and closed with documented reasoning, leaving human analysts only the cases that warrant judgment.
  • Assembles the full case. Transactions, counterparties, KYC/KYB history, on-chain trail from KYT, sanctions and PEP screening results – linked into a single investigation profile instead of a manual reconstruction across tools.
  • Drafts SAR/STR narratives. The module prepares the regulatory filing in the accepted format; the compliance officer reviews, edits, and signs.
  • Prioritizes the investigation queue by risk score, so the highest-risk cases surface first.
  • Answers regulator and auditor requests with an export from the unified audit trail rather than a manual evidence-gathering exercise.

A co-investigator, not an autopilot

The module’s operating principle is built into its architecture: AI investigates, humans decide. It never files a SAR, blocks an account, or takes any action with regulatory consequences on its own – every such step requires a human signature. This human oversight model, together with system documentation and model risk management, is how the module addresses the AI Act’s high-risk regime, while built-in disclosure ensures that in any chat-based scenario users always know they are interacting with AI.

The same architecture covers DORA: the append-only audit log meets third-party oversight requirements and streams directly into the client’s SIEM.

Deployed inside the perimeter, not in someone else’s cloud

The module runs as a self-hosted LLM within the client’s own environment, connected to the platform’s modules and databases through an MCP server behind the client’s authentication. Setup means scoping access – which modules and accounts the model can read, under which API keys and limits – selecting the model, and configuring redaction rules for regulated fields. Documentation and human oversight are part of the deployment, not an add-on.

This is also why the module’s relevance extends well beyond the EU. The core design principle – regulated data never leaves the client’s perimeter – answers the same requirement under GDPR, UK GDPR, Switzerland’s revFADP, Brazil’s LGPD, and Saudi Arabia’s PDPL. The AI Act is the entry point, not the boundary.

“Compliance teams don’t need another dashboard – they need the routine taken off their hands without giving up control,” said Ilya Podoynitsyn, CEO of FinHarbor. “Our co-investigator reads the same ledger, the same KYC files, the same on-chain data our platform already maintains, and does the legwork: assembles the case, drafts the narrative, documents every step. But nothing that matters to a regulator happens without a human signature. That’s not a limitation we accepted – it’s the design principle we started from.”

The module is currently running in pilots on several client projects. The underlying infrastructure – MCP and self-hosted LLM deployment within the client perimeter – is already part of the FinHarbor platform and publicly documented. The module is delivered as part of the platform, with commercial terms defined per deployment.

About FinHarbor

FinHarbor is a technical platform provider for launching compliant, modular financial products – from wallets and neobanks to crypto ramps and OTC desks. Built on years of real-world fintech experience, the platform covers onboarding, compliance, wallets, transactions, cards, and reporting, delivered with a microservice-based architecture (ISO/PCI DSS-certified), a robust API layer, and on-premise or cloud-ready deployment. FinHarbor supports fiat-only, crypto-native, and hybrid business models across markets in Europe, MENA, and beyond.

Learn more: www.finharbor.com

Contact

Maxim Yakushev
FinHarbor
press@finharbor.com

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Kazakhstan and China to Establish a Smart Transportation Corridor

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At the Kazakhstan–China Business Forum in Shanghai, Chairman of the Management Board of Samruk-Kazyna JSC Nurlan Zhakupov highlighted joint projects that are shaping the future of transit and logistics across Eurasia.

“The competitiveness of transport routes no longer depends solely on infrastructure. Data, digital platforms, and artificial intelligence are becoming increasingly important,” he said.

The next stage of cooperation should focus on developing an intelligent transport corridor that integrates modern logistics routes with artificial intelligence, big data, digital twins, and intelligent freight management systems. Today, the joint transport and logistics network connects the Port of Lianyungang, Khorgos Gateway, the Xi’an Terminal, the Aktau Hub, and the ZHETYSU Logistics Complex in Almaty. In 2027, the network will be expanded with the addition of a dry port in Chengdu, further strengthening the route from China’s Pacific coast through Kazakhstan and the Caspian Sea to Europe.

The development of the transport corridor is being supported by large-scale infrastructure projects. The construction of the Bakhty–Ayagoz railway line will establish the third rail border crossing between Kazakhstan and China, with an annual capacity of up to 25 million tonnes.

“Together, we will strengthen the Middle Corridor as one of the key transport routes of the 21st century,” Nurlan Zhakupov said.

Samruk-Kazyna serves as Co-Chair of the Kazakhstan–China Business Council, with China’s CITIC Group serving as the Chinese Co-Chair. Following the Council’s two most recent meetings, more than 110 commercial agreements worth approximately USD 20 billion have been signed across the energy, transport, digitalisation, and industrial sectors.

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Samruk-Kazyna and Huawei Discuss AI Infrastructure Development in Kazakhstan

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Nurlan Zhakupov, Chairman of the Management Board of Samruk-Kazyna JSC, met with Phillip Gan, President of Huawei for the Middle East and Central Asia.

The parties discussed the implementation of joint projects and the prospects for further cooperation in digitalization, telecommunications, and artificial intelligence. They also reviewed cooperation on the development and modernization of telecommunications and IT infrastructure, including data transmission and communications networks, data centers, server and networking equipment, data storage systems, and other digital infrastructure.

Nurlan Zhakupov noted that Huawei is one of the world’s leading technology companies and emphasized that the implementation of joint initiatives will mark an important step in Kazakhstan’s digital transformation, support the development of high-tech infrastructure, and strengthen the country’s position in the global technology landscape.

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