Crypto Long & Short: Asia’s digital asset crackdown: accountability gets personal
CoinDesk·2h ago·Neutral
What Happened
Hong Kong, Singapore, and South Korea announced stricter digital asset regulations in 2025. Hong Kong's SFC clarified senior management custody responsibilities. Singapore expanded licensing requirements for token service providers. South Korea introduced the Digital Asset Basic Act. These changes increase personal accountability for directors and officers, making D&O insurance critical for platform operators and asset managers.
Key Entities
Hong Kong SFCSingapore Monetary AuthoritySouth KoreaDigital Asset Basic ActVirtual asset trading platformsDirectors and Officers liability insurance