Asia's Digital Asset Crackdown: A Shift Towards Personal Accountability

Welcome to Crypto Long & Short, our institutional newsletter. This week, we explore how new regulations in Asia are changing the landscape for digital asset trading platforms and asset managers. In Hong Kong, Singapore, and South Korea, regulators are refining their frameworks, increasing pressure on senior management to strengthen governance and reassess their D&O insurance arrangements. We also examine how crypto scams are becoming more sophisticated, targeting experienced investors with tactics such as 'pig butchering' and fake trading platforms. Our experts provide insights on the importance of D&O insurance in protecting directors and officers from personal liability and the need for firms to proactively review their governance structures and insurance programs.