Mr Richard Teng, former head of the Financial Services Regulatory Authority at Abu Dhabi Global Market (ADGM) has joined the advisory board of industry advocate Blockchain Association Singapore(BAS).
Teng’s appointment coincides with growing institutional interest, rapid innovation, and tightening regulations within digital sectors, said in press release.
Teng, who has become a board member, brings a wealth of experience from the financial and fintech sectors across multiple countries.
“Singapore is a jurisdiction that has strict regulations with clear and transparent guidance on digital assets,” said Mr. Chia Hock Lai, Co-Chairman of BAS. “Mr. Richard Teng’s experience will be a valuable asset in our journey to build a conducive ecosystem, encouraging legitimate players to discover solutions and promote best practices in a collaborative, open, and transparent manner.”
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Mr. Teng has previously served as Chief Regulatory Officer of the Singapore Exchange. He worked overseeing the development of policies, frameworks, and rules across listing, trading, clearing, and settlement.
Speaking on his appointment, Mr. Richard Teng said, “It is a privilege to join the Advisory Board of Blockchain Association Singapore. I look forward to providing strategic guidance to the BAS in promoting education, exchange of ideas, and thought leadership in the areas of blockchain and digital assets.”
