Blockchain in Southeast Asia: Striking a Balance Between Innovation and Protection

Sean Tan

01 June 2022

Citation: Sean Tan, “Blockchain in Southeast Asia: Striking a Balance Between Innovation and Protection”, The Diplomat, 1 June 2022

Even after the global cryptocurrency market’s latest collapse, blockchain innovations, such as crypto-assets and non-fungible tokens (NFTs), remain poised to redefine Southeast Asia’s fintech sector. Regional governments have so far demonstrated an eagerness to leverage these innovations, allowing the emergence of various blockchain platforms with lucrative funding, as well as further technological development.

In tandem with growth-friendly policies, governments have taken a range of regulatory responses to blockchain, particularly concerning illicit transactions. While Southeast Asia’s crypto landscape continues to expand, authorities recognize the increasing opportunities for criminal actors to exploit platform vulnerabilities via hacks, frauds, and scams.

Read the full article at https://thediplomat.com/2022/06/blockchain-in-southeast-asia-striking-a-balance-between-innovation-and-protection/