Tarik is currently SVP of Regulatory Compliance for Crypto.com, one of the most innovative companies in the cryptocurrency field, based in Singapore. In his role, he meets with financial regulators globally, drives licensing initiates and leads Crypto.com's compliance group in Asia, Middle East and Africa. He has led efforts to secure key license approvals for Crypto.com in markets such as Singapore, Australia and UAE.
Tarik also serves on the board of ACCESS Singapore cryptocurrency and blockchain industry association. Prior to Crypto.com, Tarik was with the blockchain and cryptocurrency company, Paxos and large financial institutions such as Commerzbank and JPMorgan Chase. He holds a BA from The Ohio State University and a JD from Mitchell Hamline University.
Roundtable 6
Invite-Only
Discussions on the regulation of decentralised finance (“DeFi”) have picked up pace over the past year. In the vein of the Financial Stability Board’s “same risk, same activity, same regulation” framework for regulating digital assets, many regulators have turned to the concept of activity-based regulation when looking at DeFi, stating that obligations apply to regulated activities even if they are decentralized.
The International Organization of Securities Commissions (IOSCO) has offered more specific recommendations on how supervisory oversight could be applied in its proposed policy recommendations for decentralized finance. The recommendations centre around the concept of ‘responsible persons’, who may be subject to regulation for DeFi arrangements, and applying risk management, disclosures and other obligations onto such persons.
In this roundtable, we bring together policymakers and industry participants to discuss possible frameworks for DeFi regulation, covering:
- “Same risk, same activity, same regulation”: How can we bring practical clarity of this concept to the DeFi space?
- Responsible person: Possible models for attributing responsibility in a decentralised environment
- Compliance, decentralised: What do good governance and controls look like for DeFi?
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