Where’s the Sheriff? Opportunities and Challenges in Regulating Cryptoexchanges in the Wild West (15 March 2018)

Asian Institute of International Financial Law
Faculty of Law
The University of Hong Kong

Where’s the Sheriff? Opportunities and Challenges in Regulating Cryptoexchanges in the Wild West

Grace Chong
Registered Foreign Lawyer (Singapore), Financial Services Regulatory
Herbert Smith Freehills

Thursday, 15 March 2018
12:30 – 1:30 pm
Academic Conference Room, 11/F Cheng Yu Tung Tower
The University of Hong Kong

This seminar discussed regulatory developments in the regulation of cryptocurrency and cryptocurrency exchanges, and provide a comparative study of practices and challenges faced by exchanges in the region.

• How are financial regulators in Asia grappling with cryptomania and the rise of cryptocurrency exchanges?

• What are the key challenges faced by cryptocurrency exchanges in handling issues relating to AML/KYC and data privacy?

Grace Chong advises exchanges, startups and established technological companies on regulatory, licensing and compliance issues in Asia. Based in Hong Kong, her core focus is in assisting clients with regulatory issues in relation exchanges, stored value facilities, initial coin offerings, financial services licensing, and payments and remittance systems. She is a member of the ASIFMA Fintech working group and was involved in drafting a set of Best Practices for Effective Development of Fintech for the development of fintech in the financial services industry. She is also currently working with ASIFMA to draft Best Practices for cryptocurrency exchanges in the region. She also previously held a position as an Assistant Director in the Capital Markets Department of the Monetary Authority of Singapore, and Singapore regulatory work is a key part of her fintech portfolio.