I recently had the honour of being invited by AICB to speak at
the International Conference on Financial Crime and Terrorism
Financing. The event was themed "The New Frontier of
Compliance: Adapt, Transform, Collaborate" which sat perfectly
with the topic of my panel "Banking Meets Crypto".
I've summarised our discussion based on these three components
below:
Adapt
The breadth and depth of regulations, regulatory approaches and
concerns of regulators vary across the world. Regulations are
adapting and evolving in relation to crypto and are looking to
strike a balance between investor protection on the one hand, and
not stifling innovation on the other.
Traditional financial institutions are also adapting as they
move away from seeing crypto firms as a threat towards exploration
of the different ways in which they can prepare to enter into
crypto services themselves whether it be to enabling their
customers to invest and trade in cryptocurrency, onboarding
