He brings with him vast experience in the financial and fintech sectors across multiple countries.
Blockchain Association Singapore (BAS) has appointed Richard Teng, the former head of Adu Dhabi's financial regulator, to its advisory board, according to an announcement this week.
Before his stint in Abu Dhabi Global Market, Teng was previously the chief regulatory officer of Singapore Exchange (SGX), overseeing the development of policies, framework and rules across the areas of listing, trading, clearing and settlement. He was also 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.
Growing Interest
Teng's appointment also coincides with growing institutional interest, rapid innovation, and tightening of regulations within the digital asset sector, BAS said in the announcement.
The association, which was established in 2020, aims to promote blockchain literacy and build a strong talent pipeline for the digital economy in Singapore, and accelerate the development of blockchain companies operating in or entering into Singapore.
