Web3 and Blockchain
Commercial structures, token and platform arrangements, product rules, transactions and cross-border compliance.
Legal services for the Web3 and new economy
Mankun Law Firm advises businesses on Web3, digital assets, artificial intelligence, fintech and cross-border operations.
How we help
AI Products and Data Compliance
Launch reviews, model and content governance, data flows, user terms and global operating requirements.
RWA and Crypto Funds
Underlying-asset diligence, fund structures, licensing paths, investment documents and exit arrangements.
Fintech and Crypto Payments
Funds flows, accounts, payment licensing, stablecoin use, cross-border settlement and product compliance.
Licensing and Regulatory Response
Financial licensing, AML/KYC/KYT systems, regulatory inquiries and cross-border cooperation.
Disputes and Criminal-Risk Response
Digital-asset disputes, account freezes, asset tracing, evidence strategy and crypto-related criminal defence.
Latest English publications
Q&A
Who bears liability for fund losses or compliance issues arising from the use of AI agents to automatically process payments?
With the application of AI agents in cross-border B2B payments, enterprises face new risks related to foreign exchange losses and compliance. Based on the latest industry developments, this article analyzes the legal principle that AI does not possess independent status as a subject of liability, explores the primary liability of enterprises under the "whoever uses it bears responsibility" principle, as well as the fault-based liability of AI service providers and payment institutions in cases of algorithmic defects or failure to fulfill review obligations, and provides recommendations for risk prevention and control at the contractual and internal control levels.
UpdatesI Am Using AI to Rebuild Mankun Law Firm from the Ground Up
The founder of Mankun Law Firm shares practical insights and reflections on leveraging AI to reshape the firm’s operational systems. The article argues that AI applications should evolve from mere tool experimentation to deep integration into business processes, such as automatically generating initial drafts of service proposals, automating content operations, and pre-processing routine client inquiries, thereby achieving a human-machine collaboration model characterized by “AI in the front, lawyers in the back.” By reducing fixed costs and optimizing organizational structure, Mankun is committed to developing productized legal services in the fields of Web3, AI, and tech finance, while exploring new directions in AI legal technology for overseas B2B clients. It emphasizes that young legal professionals should possess the ability to transform specific business segments using AI.
Q&AWhat data compliance and intellectual property risks should a company consider when expanding its developed large AI model overseas?
The global expansion of large AI models faces multiple compliance challenges, including the EU GDPR and AI Act, US export controls, and China's security assessment for cross-border data transfer. This article outlines cross-border data transmission pathways, copyright risks associated with training data, and ownership issues regarding generated content, providing phased compliance recommendations for overseas expansion.
Q&AWhat are the conditions for receiving a suspended sentence when charged with the crime of illegal business operations for conducting cross-border currency exchange using USDT?
Based on the case involving over RMB 200 million in virtual currency offsetting for cross-border exchange disclosed by the Jing'an District People's Procuratorate in Shanghai in 2026, this article analyzes the key defense points and legal boundaries for obtaining a suspended sentence for the crime of illegal business operations.
ResearchInvestor Defrauded of RMB 500,000 in Virtual Currency Investment: Mankun Lawyers Assist Client in Successfully Reporting the Case and Securing Criminal Investigation Initiation
The Mankun Law Firm legal team represented a client in a case involving fraud in virtual currency investment. The client invested over RMB 500,000 to purchase project tokens, but the project collapsed and the token value dropped to zero within a short period. In the early stages, the case faced obstacles in civil case initiation, suggestions to seek jurisdiction elsewhere when reporting the crime in a different location, and repeated refusals by local police stations to accept the report. Ultimately, after reorganizing the facts and evidence, the lawyers assisted the client in prompting the public security organs to formally initiate a criminal investigation, resulting in the issuance of a Notice of Case Initiation. Situations similar to this are very common in the crypto assets industry, but victims often find it difficult to complete the process of reporting the crime and initiating an investigation. This article aims to analyze why cases involving fraud in virtual currency investments are difficult to initiate, where the difficulties lie, and why a breakthrough for criminal investigation initiation was achieved in this instance.
ResearchWhat Should Foreign Trade Merchants Do If Their USDT Receipts Are Frozen?
In recent years, stablecoins have gradually evolved from tools within the crypto community into broader scenarios for cross-border payments and trade settlement. The European Union has incorporated the issuance of crypto assets, trading services, wallets, and anti-money laundering obligations into a unified regulatory framework through MiCA; following the implementation of Hong Kong’s Stablecoin Ordinance on August 1, 2025, the issuance of fiat-backed stablecoins in Hong Kong has become a licensed activity; and the United States passed the GENIUS Act targeting payment stablecoins in 2025. Regulatory advancements do not imply that all stablecoin payments are secure, but they do encourage more overseas clients, payment service providers, and trade intermediaries to treat stablecoins such as USDT and USDC as an