Blockchain Association Singapore Adds Richard Teng To Its Advisory Board

Blockchain, Job Appointments, News | August 3, 2021 By:

Blockchain Association Singapore (BAS) has appointed Richard Teng as a member to its Advisory Board.

BAS is a merger of two blockchain associations – Singapore Blockchain Association (SBA) and the Blockchain, Enterprise and Scalable Technologies (BEST), both founded in 2018. The goal of the merger is to allow a more effective use of resources and a wider geographical reach in fostering a collaborative and transparent approach to promote best practices within the blockchain industry.

Teng brings extensive experience working in the global financial and FinTech industry across several different countries. Teng’s appointment has come at a time when there’s rising institutional interest, fast-paced innovation, as well as the tightening of regulations within the crypto-asset space.

Teng has previously served as the Chief Regulatory Officer of the Singapore Exchange (SGX), overseeing the development of policies, framework and rules across the areas of listing, trading, clearing and settlement. Prior to his stint at SGX, he was the Director of Corporate Finance at the Monetary Authority of Singapore, where he was responsible for the formulation and administration of the Securities and Futures Act in relation to the offering of securities, business, and real-estate investment trusts, as well as collective investment schemes.

Before working at SGX, he was serving as the Director of Corporate Finance at the Monetary Authority of Singapore (MAS), where he was tasked with the formulation and administration of the Securities and Futures Act as it pertains to the offering of securities, business, and real-estate investment trusts, and collective investment schemes.

Teng has also played a key role in promoting the Fintech and financial services space on a global level. During his time working at the Abu Dhabi Global Market (ADGM). Teng was responsible for preparing innovative regulatory regimes and offerings, which helped with bridging critical gaps in the finance ecosystem.

“Singapore is a jurisdiction that has strict regulations with clear and transparent guidance on digital assets,” said Chia Hock Lai, Co-Chairman, Blockchain Association Singapore. “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.”

“It is a privilege to join the Advisory Board of Blockchain Association Singapore,” said Teng. “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.”