[CHAINALYSIS PODCAST EPISODE 59] Everything You Need to Know About APAC Crypto Regulations

Episode 59 of the Public Key podcast is here! The regulatory landscape joined in jurisdictions like Hong Kong, Singapore, Japan, and Australia is changing rapidly, and we are lucky enough to be by our own Chengyi Ong (Head of Policy, APAC, Chainalysis) to bring us up-to-date in the APAC digital asset market.

You can listen or subscribe now on Spotify, Applegold Audible. Keep reading for a full preview of episode 59.

Public Key Episode 59 preview: Is Japan the crypto regulatory standard of excellence?

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

In this episode, Ian Andrews is joined by Chengyi Ong (Head of Policy, APAC, Chainalysis) to discuss Hong Kong legalizing 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 crypto 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.

Quote of the episode

“Some of the jurisdictions in APAC were front runners in trying to grapple with some of the risks that reside in the digital asset market…Japan is probably a clear example. So they put in place some quite strict regulations on digital asset businesses in the wake of the Mt. Gox hack, including around things like segregation and protection of customer assets, and this relatively stringent stance, I think, really helped the domestic market absorb some of the shocks of the, you know, the turbulent events of last year….Now it puts Japanese policymakers in a sound position to drive the growth and innovation agenda around web3 in a concerted way.” – Chengyi Ong (Head of Policy, APAC, Chainalysis)

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 blockchain technology in the region
• (12:45) – Why is Hong Kong 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 VASPs are 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.

Speakers on today’s episode

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

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