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Sunday, October 2, 2022

Overview on Digital Assets Regulations in SEA | Dentons

The digital assets wave has swept across South-East Asia (SEA). From Axie Infinity (a popular play-to-earn blockchain game) in the Philippines to Cambodia’s Project Bakong (a central bank digital currency), the adoption of digital assets in SEA has been rapid. Digital assets investments in SEA is expected to further increase. This demand for digital assets will likely cut across all wealth and demographic sectors.

One of the challenges that investors may face when investing in digital assets in this region is the uncertainty and inconsistencies in regulatory framework across various jurisdictions in SEA. The support for digital assets across SEA varies from country to country. On one end of the spectrum, we have Singapore, where the digital asset ecosystem is flourishing with well-established cryptocurrency exchanges, tokenisation platforms, custodians, digital assets managers…

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