2026/43 “Redirecting Crypto Exchanges to Fight — Rather than Facilitate — Crypto Scams in Southeast Asia” by David Lam
2026/43 “Redirecting Crypto Exchanges to Fight — Rather than Facilitate — Crypto Scams in Southeast Asia” by David Lam
The Southeast Asia Blockchain Week (SEABW) held at ICONSIAM in Bangkok, Thailand on 25 April 2024. (Photo by Matt Hunt/ANADOLU/Anadolu via AFP)
EXECUTIVE SUMMARY
Crypto exchanges are key gateways for scams and money laundering activities. As such, enforcement of proper regulations governing these is critical in the fight against crypto scams, which have plagued Southeast Asia.
Major Southeast Asian economies require crypto exchanges to follow the Financial Action Task Force’s (FATF’s) minimum recommendations, which use a risk-based approach that allows flexibility in choosing how best to address money laundering risks.
FATF’s minimum standards, though necessary, are, however, not sufficient. The FATF…
