Everything You Need to Know About APAC Digital Asset Regulations

Everything You Need to Know About APAC Digital Asset Regulations

It's becoming increasingly hard to keep up with the pace of the evolving crypto regulatory landscape in APAC. 

In this episode, Ian Andrews is joined by Chengyi Ong (Head of Policy, APAC, Chainalysis) to discuss Hong Kong legalising retail crypto trading, Japan setting a high standard for crypto compliance requirements and Singapore’s approach to digital asset regulation.   

Chengyi also sheds some light on the biggest takeaway from the FATF forum held in Japan and provides insights on how the APAC countries can remain innovative, while complying with regulations and not wanting to take their operations abroad. 

Chengyi highlights success stories in the region regarding consumer protection and market integrity and forecasts the extensive policy work that will go into regulating real world asset tokenization in ASIA and APAC. 

Minute-by-minute episode breakdown

• (2:15) - The impact of crypto winter on the APAC region and the widespread adoption of both crypto and DeFi
• (9:35) - The trajectory of the Singapore cryptocurrency market and the push and pull of adopting new technology in the region 
• (12:45) - Why Hong Kong is making all the headlines and what is the Green Bond
• (16:08) - The regulatory reaction to some of the biggest crypto missteps in 2022
• (20:03) - The biggest takeaways from the Financial Action Task Force (FATF) virtual asset forum and how are VASPs progressing with the Travel Rule
• (27:34) - What are the emerging APAC trends regarding consumer protection and market integrity 
• (31:45) - How do countries remain innovative and not stifle innovation and keep large VASPs from taking their business abroad
• (33:50) - Regulations and policy work around real world asset tokenization in ASIA and APAC

Related resources

Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key.

• Website: We are paving the way for a global economy built on blockchains
• Chainalysis Blog: South Korea’s Ministry of Foreign Affairs Sanctions North Korea Hacking Group Kimsuky, Identifies Related Crypto Addresses
• Press Release: MAS proposes measures to reduce risks to consumers from cryptocurrency trading
• Article: Japan to Enforce Tougher Crypto Anti-Money Laundering Laws Next Month: Report
• Article: Hong Kong to be digital asset rules sandbox for China, says former city regulator
• Blog: Crypto Adoption Steadies in South Asia, Soars in the Southeast
• Chainalysis On-Demand: Chainalysis Links Amsterdam 2023 On-Demand
• YouTube: Chainalysis YouTube page 
• Twitter: Chainalysis Twitter: Building trust in blockchain
• Tik Tok: Building trust in #blockchains among people, businesses, and governments.

Speakers on today’s episode

• Ian Andrews * Host * (Chief Marketing Officer, Chainalysis) 
• Chengyi Ong  (Head of Policy, APAC, Chainalysis)

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