January 20, 2023
In 2022, the cryptocurrency market started optimistically – both in terms of value and in the interest institutional investors showed. The year ended very differently, with high-profile collapses and bankruptcies, accelerating calls for more regulatory scrutiny. What does the year ahead look like for the industry? Kobre & Kim’s Calvin Koo, who focuses on cross-border disputes involving digital assets, surveyed the landscape when he joined a webinar presented by Fintelekt Advisory Services and the Asian Bankers Association on January 13, 2023.
The webinar, “Crypto: 2022 in Review and a Look Ahead,” examined the refined policy positions and major enforcement actions by global regulators against the backdrop of high-profile failures and a rise in crypto scams and hacking in 2022. Mr. Koo pointed out that “responsible innovation” was the common buzzword in 2022, “with a focus on promoting and developing blockchain technology in ways that will protect the interest of consumers and investors.” Anti-money laundering compliance teams in banks and financial institutions will need to increase focus on identifying these risks from crypto assets.
Joining Mr. Koo were webinar host Shirish Pathak of Fintelekt and Steven Pettigrove of Piper Alderman.