The State Of Global Cryptocurrency Regulation: Southeast Asia

Following or in spite of the general downward plunge in cryptocurrency value from the first quarter of 2018, termed by some as the "Great Crypto Crash"¹, many governments and regulators in various countries around the world have published guidelines or established their respective regulatory frameworks for cryptocurrencies and initial coin offerings ("ICOs").

Regulators in Southeast Asian countries have taken a keen interest in the regulation of the cryptocurrency industry, with regulators in Singapore, Indonesia, Malaysia, the Philippines and Thailand having issued guidelines and new regulations in recent months.

In our earlier article published on 1 December 2017, we discussed the governmental and regulatory approach to cryptocurrency; and in particular to ICOs in nine countries. In this series of articles, we will re-visit each of these countries and update you on the state of cryptocurrency regulation there. As there have been considerable developments since