Hong Kong and Singapore: A case of regulatory prisoner’s dilemma

Speaker: Ben Charoenwong 9 Feb 2023

Just a couple of years ago, governments and regulators were proposing regulations that encourage decentralised finance (DeFi) experimentation, such as sandboxes and special passes, rather than preventive regulations targeting specific functions or actors. However, in light of recent revelations to the fragility of the DeFi market, regulatory sentiment has shifted.

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