Crypto Crossroads: Unraveling Regulatory Futures in Asia

This episode features a fireside talk from the Finternet 2025 Asia Digital Finance Summit, themed "Asia's Crypto Frontier: Balancing Regulation and Compliant Growth". The session was moderated by Angelina Kwan, Managing Director of Stratford Finance, and featured speakers Wong Huei Ching, Executive Director of Digital Strategy and Innovation at the Securities Commission Malaysia; Uli Agustina, Director of Digital Financial Assets and Crypto Assets Supervision at Otoritas Jasa Keuangan (Indonesia Financial Services Authority); and Harry Kim, Chief Business Officer at Kintsugi Technologies. 

The Finternet 2025 summit took place on 4 November in Hong Kong under the theme "Connecting Dreams × Building the Future,"supported by more than ten institutions including OSL Group, Invest HK, the Financial Services Development Council and Hong Kong Cyberport.

Timeline:

00:00 Introduction and framing: Asia's regulatory leadership in crypto

02:34 Korea pushes for ETPs, catching up with Hong Kong

05:02 Korea's phased legislation: exchanges, custodians, stablecoins

07:24 Malaysia pushes institutionalization and bank-crypto collaboration

10:27 Tokenization sandbox initiatives in Malaysia

13:36 Indonesia's clearinghouse and custodian setup

16:09 Real-world use cases: cattle tracking, property tokenization

18:52 Perpetuals and ETPs: regulated exchanges entering the space

23:21 Korea's tax and custodian regulations still evolving

24:49 Malaysia's custodian licensing regime and bank involvement

26:57 Indonesia's 2026 focus: derivatives regulation, innovation sandbox

30:36 Korea eyes more institutional participation with regulation