BIF'25: Regulatory Roundtable
Building the foundation for harmonized Web3 regulation across APAC and beyond
Hosted by Kintsugi Technologies and Stratford Finance
Event Overview
The Blockchain Infrastructure Forum (BIF25) Regulatory Roundtable convened regulators, legal experts, and Web3 industry leaders from across APAC, the EU, and the US for candid discussions on shaping the future of digital asset regulation.
This roundtable focused on:
- Sharing regulatory insights from participating countries to understand diverse approaches
- Engaging in dynamic discussions to identify industry needs and regulatory challenges
- Exploring potential standards for blockchain infrastructure compliance
- Fostering collaboration to ensure APAC is not marginalized in the evolving global regulatory landscape
Event Attendees
Executive Director; Digital Strategy & Innovation
Securities Commission Malaysia
Malaysia
Director of Licensing and Head of Fintech Unit
Securities and Futures Commission Hong Kong
Hong Kong
Deputy Secretary-General
The Securities & Exchange Commission Thailand
Thailand
Executive Director of the Payments Department
Monetary Authority of Singapore
Singapore
Head of Policy & Strategic Partnerships APAC
TRM Labs
Singapore
Executive Director; Digital Strategy & Innovation
Securities Commission Malaysia
Malaysia
Director of Licensing and Head of Fintech Unit
Securities and Futures Commission Hong Kong
Hong Kong
Deputy Secretary-General
The Securities & Exchange Commission Thailand
Thailand
Executive Director of the Payments Department
Monetary Authority of Singapore
Singapore
Head of Policy & Strategic Partnerships APAC
TRM Labs
Singapore
Executive Director; Digital Strategy & Innovation
Securities Commission Malaysia
Malaysia
Director of Licensing and Head of Fintech Unit
Securities and Futures Commission Hong Kong
Hong Kong
Deputy Secretary-General
The Securities & Exchange Commission Thailand
Thailand
Executive Director of the Payments Department
Monetary Authority of Singapore
Singapore
Head of Policy & Strategic Partnerships APAC
TRM Labs
Singapore
Executive Director; Digital Strategy & Innovation
Securities Commission Malaysia
Malaysia
Director of Licensing and Head of Fintech Unit
Securities and Futures Commission Hong Kong
Hong Kong
Deputy Secretary-General
The Securities & Exchange Commission Thailand
Thailand
Executive Director of the Payments Department
Monetary Authority of Singapore
Singapore
Head of Policy & Strategic Partnerships APAC
TRM Labs
Singapore
Executive Director; Digital Strategy & Innovation
Securities Commission Malaysia
Malaysia
Director of Licensing and Head of Fintech Unit
Securities and Futures Commission Hong Kong
Hong Kong
Deputy Secretary-General
The Securities & Exchange Commission Thailand
Thailand
Executive Director of the Payments Department
Monetary Authority of Singapore
Singapore
Head of Policy & Strategic Partnerships APAC
TRM Labs
Singapore
Executive Director; Digital Strategy & Innovation
Securities Commission Malaysia
Malaysia
Director of Licensing and Head of Fintech Unit
Securities and Futures Commission Hong Kong
Hong Kong
Deputy Secretary-General
The Securities & Exchange Commission Thailand
Thailand
Executive Director of the Payments Department
Monetary Authority of Singapore
Singapore
Head of Policy & Strategic Partnerships APAC
TRM Labs
Singapore
Executive Director; Digital Strategy & Innovation
Securities Commission Malaysia
Malaysia
Director of Licensing and Head of Fintech Unit
Securities and Futures Commission Hong Kong
Hong Kong
Deputy Secretary-General
The Securities & Exchange Commission Thailand
Thailand
Executive Director of the Payments Department
Monetary Authority of Singapore
Singapore
Head of Policy & Strategic Partnerships APAC
TRM Labs
Singapore
Executive Director; Digital Strategy & Innovation
Securities Commission Malaysia
Malaysia
Director of Licensing and Head of Fintech Unit
Securities and Futures Commission Hong Kong
Hong Kong
Deputy Secretary-General
The Securities & Exchange Commission Thailand
Thailand
Executive Director of the Payments Department
Monetary Authority of Singapore
Singapore
Head of Policy & Strategic Partnerships APAC
TRM Labs
Singapore
Executive Director; Digital Strategy & Innovation
Securities Commission Malaysia
Malaysia
Director of Licensing and Head of Fintech Unit
Securities and Futures Commission Hong Kong
Hong Kong
Deputy Secretary-General
The Securities & Exchange Commission Thailand
Thailand
Executive Director of the Payments Department
Monetary Authority of Singapore
Singapore
Head of Policy & Strategic Partnerships APAC
TRM Labs
Singapore
Executive Director; Digital Strategy & Innovation
Securities Commission Malaysia
Malaysia
Director of Licensing and Head of Fintech Unit
Securities and Futures Commission Hong Kong
Hong Kong
Deputy Secretary-General
The Securities & Exchange Commission Thailand
Thailand
Executive Director of the Payments Department
Monetary Authority of Singapore
Singapore
Head of Policy & Strategic Partnerships APAC
TRM Labs
Singapore
Executive Director; Digital Strategy & Innovation
Securities Commission Malaysia
Malaysia
Director of Licensing and Head of Fintech Unit
Securities and Futures Commission Hong Kong
Hong Kong
Deputy Secretary-General
The Securities & Exchange Commission Thailand
Thailand
Executive Director of the Payments Department
Monetary Authority of Singapore
Singapore
Head of Policy & Strategic Partnerships APAC
TRM Labs
Singapore
Executive Director; Digital Strategy & Innovation
Securities Commission Malaysia
Malaysia
Director of Licensing and Head of Fintech Unit
Securities and Futures Commission Hong Kong
Hong Kong
Deputy Secretary-General
The Securities & Exchange Commission Thailand
Thailand
Executive Director of the Payments Department
Monetary Authority of Singapore
Singapore
Head of Policy & Strategic Partnerships APAC
TRM Labs
Singapore
Executive Director; Digital Strategy & Innovation
Securities Commission Malaysia
Malaysia
Director of Licensing and Head of Fintech Unit
Securities and Futures Commission Hong Kong
Hong Kong
Deputy Secretary-General
The Securities & Exchange Commission Thailand
Thailand
Executive Director of the Payments Department
Monetary Authority of Singapore
Singapore
Head of Policy & Strategic Partnerships APAC
TRM Labs
Singapore
Executive Director; Digital Strategy & Innovation
Securities Commission Malaysia
Malaysia
Director of Licensing and Head of Fintech Unit
Securities and Futures Commission Hong Kong
Hong Kong
Deputy Secretary-General
The Securities & Exchange Commission Thailand
Thailand
Executive Director of the Payments Department
Monetary Authority of Singapore
Singapore
Head of Policy & Strategic Partnerships APAC
TRM Labs
Singapore
Executive Director; Digital Strategy & Innovation
Securities Commission Malaysia
Malaysia
Director of Licensing and Head of Fintech Unit
Securities and Futures Commission Hong Kong
Hong Kong
Deputy Secretary-General
The Securities & Exchange Commission Thailand
Thailand
Executive Director of the Payments Department
Monetary Authority of Singapore
Singapore
Head of Policy & Strategic Partnerships APAC
TRM Labs
Singapore
Executive Director; Digital Strategy & Innovation
Securities Commission Malaysia
Malaysia
Director of Licensing and Head of Fintech Unit
Securities and Futures Commission Hong Kong
Hong Kong
Deputy Secretary-General
The Securities & Exchange Commission Thailand
Thailand
Executive Director of the Payments Department
Monetary Authority of Singapore
Singapore
Head of Policy & Strategic Partnerships APAC
TRM Labs
Singapore
Executive Director; Digital Strategy & Innovation
Securities Commission Malaysia
Malaysia
Director of Licensing and Head of Fintech Unit
Securities and Futures Commission Hong Kong
Hong Kong
Deputy Secretary-General
The Securities & Exchange Commission Thailand
Thailand
Executive Director of the Payments Department
Monetary Authority of Singapore
Singapore
Head of Policy & Strategic Partnerships APAC
TRM Labs
Singapore
Executive Director; Digital Strategy & Innovation
Securities Commission Malaysia
Malaysia
Director of Licensing and Head of Fintech Unit
Securities and Futures Commission Hong Kong
Hong Kong
Deputy Secretary-General
The Securities & Exchange Commission Thailand
Thailand
Executive Director of the Payments Department
Monetary Authority of Singapore
Singapore
Head of Policy & Strategic Partnerships APAC
TRM Labs
Singapore
Executive Director; Digital Strategy & Innovation
Securities Commission Malaysia
Malaysia
Director of Licensing and Head of Fintech Unit
Securities and Futures Commission Hong Kong
Hong Kong
Deputy Secretary-General
The Securities & Exchange Commission Thailand
Thailand
Executive Director of the Payments Department
Monetary Authority of Singapore
Singapore
Head of Policy & Strategic Partnerships APAC
TRM Labs
Singapore
Executive Director; Digital Strategy & Innovation
Securities Commission Malaysia
Malaysia
Director of Licensing and Head of Fintech Unit
Securities and Futures Commission Hong Kong
Hong Kong
Deputy Secretary-General
The Securities & Exchange Commission Thailand
Thailand
Executive Director of the Payments Department
Monetary Authority of Singapore
Singapore
Head of Policy & Strategic Partnerships APAC
TRM Labs
Singapore
Counsel and Legal Consultant
Tokyo International Law Office (TKI)
Japan
Chair of Regulatory Review Committee
KAIST, Korea Financial Services Commission, Bank of Korea
South Korea
Deputy Director, Fintech Innovation Office
Financial Services Agency of Japan
Japan
Head of Department of Regulation
Indonesia OJK
Indonesia
Counsel and Legal Consultant
Tokyo International Law Office (TKI)
Japan
Chair of Regulatory Review Committee
KAIST, Korea Financial Services Commission, Bank of Korea
South Korea
Deputy Director, Fintech Innovation Office
Financial Services Agency of Japan
Japan
Head of Department of Regulation
Indonesia OJK
Indonesia
Counsel and Legal Consultant
Tokyo International Law Office (TKI)
Japan
Chair of Regulatory Review Committee
KAIST, Korea Financial Services Commission, Bank of Korea
South Korea
Deputy Director, Fintech Innovation Office
Financial Services Agency of Japan
Japan
Head of Department of Regulation
Indonesia OJK
Indonesia
Counsel and Legal Consultant
Tokyo International Law Office (TKI)
Japan
Chair of Regulatory Review Committee
KAIST, Korea Financial Services Commission, Bank of Korea
South Korea
Deputy Director, Fintech Innovation Office
Financial Services Agency of Japan
Japan
Head of Department of Regulation
Indonesia OJK
Indonesia
Counsel and Legal Consultant
Tokyo International Law Office (TKI)
Japan
Chair of Regulatory Review Committee
KAIST, Korea Financial Services Commission, Bank of Korea
South Korea
Deputy Director, Fintech Innovation Office
Financial Services Agency of Japan
Japan
Head of Department of Regulation
Indonesia OJK
Indonesia
Counsel and Legal Consultant
Tokyo International Law Office (TKI)
Japan
Chair of Regulatory Review Committee
KAIST, Korea Financial Services Commission, Bank of Korea
South Korea
Deputy Director, Fintech Innovation Office
Financial Services Agency of Japan
Japan
Head of Department of Regulation
Indonesia OJK
Indonesia
Counsel and Legal Consultant
Tokyo International Law Office (TKI)
Japan
Chair of Regulatory Review Committee
KAIST, Korea Financial Services Commission, Bank of Korea
South Korea
Deputy Director, Fintech Innovation Office
Financial Services Agency of Japan
Japan
Head of Department of Regulation
Indonesia OJK
Indonesia
Counsel and Legal Consultant
Tokyo International Law Office (TKI)
Japan
Chair of Regulatory Review Committee
KAIST, Korea Financial Services Commission, Bank of Korea
South Korea
Deputy Director, Fintech Innovation Office
Financial Services Agency of Japan
Japan
Head of Department of Regulation
Indonesia OJK
Indonesia
Counsel and Legal Consultant
Tokyo International Law Office (TKI)
Japan
Chair of Regulatory Review Committee
KAIST, Korea Financial Services Commission, Bank of Korea
South Korea
Deputy Director, Fintech Innovation Office
Financial Services Agency of Japan
Japan
Head of Department of Regulation
Indonesia OJK
Indonesia
Counsel and Legal Consultant
Tokyo International Law Office (TKI)
Japan
Chair of Regulatory Review Committee
KAIST, Korea Financial Services Commission, Bank of Korea
South Korea
Deputy Director, Fintech Innovation Office
Financial Services Agency of Japan
Japan
Head of Department of Regulation
Indonesia OJK
Indonesia
Counsel and Legal Consultant
Tokyo International Law Office (TKI)
Japan
Chair of Regulatory Review Committee
KAIST, Korea Financial Services Commission, Bank of Korea
South Korea
Deputy Director, Fintech Innovation Office
Financial Services Agency of Japan
Japan
Head of Department of Regulation
Indonesia OJK
Indonesia
Counsel and Legal Consultant
Tokyo International Law Office (TKI)
Japan
Chair of Regulatory Review Committee
KAIST, Korea Financial Services Commission, Bank of Korea
South Korea
Deputy Director, Fintech Innovation Office
Financial Services Agency of Japan
Japan
Head of Department of Regulation
Indonesia OJK
Indonesia
Counsel and Legal Consultant
Tokyo International Law Office (TKI)
Japan
Chair of Regulatory Review Committee
KAIST, Korea Financial Services Commission, Bank of Korea
South Korea
Deputy Director, Fintech Innovation Office
Financial Services Agency of Japan
Japan
Head of Department of Regulation
Indonesia OJK
Indonesia
Counsel and Legal Consultant
Tokyo International Law Office (TKI)
Japan
Chair of Regulatory Review Committee
KAIST, Korea Financial Services Commission, Bank of Korea
South Korea
Deputy Director, Fintech Innovation Office
Financial Services Agency of Japan
Japan
Head of Department of Regulation
Indonesia OJK
Indonesia
Counsel and Legal Consultant
Tokyo International Law Office (TKI)
Japan
Chair of Regulatory Review Committee
KAIST, Korea Financial Services Commission, Bank of Korea
South Korea
Deputy Director, Fintech Innovation Office
Financial Services Agency of Japan
Japan
Head of Department of Regulation
Indonesia OJK
Indonesia
Counsel and Legal Consultant
Tokyo International Law Office (TKI)
Japan
Chair of Regulatory Review Committee
KAIST, Korea Financial Services Commission, Bank of Korea
South Korea
Deputy Director, Fintech Innovation Office
Financial Services Agency of Japan
Japan
Head of Department of Regulation
Indonesia OJK
Indonesia
Counsel and Legal Consultant
Tokyo International Law Office (TKI)
Japan
Chair of Regulatory Review Committee
KAIST, Korea Financial Services Commission, Bank of Korea
South Korea
Deputy Director, Fintech Innovation Office
Financial Services Agency of Japan
Japan
Head of Department of Regulation
Indonesia OJK
Indonesia
Counsel and Legal Consultant
Tokyo International Law Office (TKI)
Japan
Chair of Regulatory Review Committee
KAIST, Korea Financial Services Commission, Bank of Korea
South Korea
Deputy Director, Fintech Innovation Office
Financial Services Agency of Japan
Japan
Head of Department of Regulation
Indonesia OJK
Indonesia
Counsel and Legal Consultant
Tokyo International Law Office (TKI)
Japan
Chair of Regulatory Review Committee
KAIST, Korea Financial Services Commission, Bank of Korea
South Korea
Deputy Director, Fintech Innovation Office
Financial Services Agency of Japan
Japan
Head of Department of Regulation
Indonesia OJK
Indonesia
Counsel and Legal Consultant
Tokyo International Law Office (TKI)
Japan
Chair of Regulatory Review Committee
KAIST, Korea Financial Services Commission, Bank of Korea
South Korea
Deputy Director, Fintech Innovation Office
Financial Services Agency of Japan
Japan
Head of Department of Regulation
Indonesia OJK
Indonesia
Key Highlights
Collaborative Dialogue Across Jurisdictions
Participants engaged in open and productive exchanges covering stablecoin frameworks, digital asset classification, and blockchain infrastructure compliance.
Global Regulatory Context
US:
The GENIUS Act (July 18, 2025) introduced a federal framework for USD-backed stablecoins, while the CLARITY Act provided long-awaited market structure definitions for digital assets.
EU:
MiCA (effective December 30, 2024) established harmonized crypto regulations with a passporting mechanism enabling cross-border operations across all 27 EU member states.
APAC's Opportunity
The forum emphasized APAC's potential to lead with inclusive, innovation-driven approaches rather than simply following Western precedents.
Angelina Kwan, CEO of Stratford Finance and co-host of BIF'25: Regulatory Roundtable moderating discussion
Forward Agenda
Building on the momentum from Seoul, participants are encouraged to:
- Continue interjurisdictional dialogue on licensing and passporting mechanisms
- Explore frameworks for regulatory recognition across APAC, as proposed by Peter Kerstens of the European Commission
- Participate in upcoming BIF roundtables and working sessions advancing these topics
Closing Note
The BIF25 Regulatory Roundtable marks a pivotal step toward a more connected and collaborative regulatory environment for Web3.
Together, we are shaping the infrastructure of a transparent, interoperable, and globally aligned digital future.
Event Gallery
Photos from BIF'25 Seoul
