Wei Zhong, Jonathan 

LIM

Jonathan is an Associate with the International Arbitration Practice Group of Wilmer Cutler Picker Hale & Dorr LLP, in London, where he specializes in complex international disputes. Prior to that, he worked for the World Bank in Washington D.C., and trained with a major Singapore law firm. He is a graduate of NUS Law School (LL.B) and the Harvard Law School (LL.M). Jonathan’s research with the CBFL focuses on the regulatory implications of crypto-currencies, such as Bitcoin, and the adequacy of recent regulatory efforts in Singapore and other major jurisdictions. Jonathan is also interested in the deeper legal-theoretical issues raised and shared by private monetary systems and other non-state transnational orders, such as international arbitration and internet governance.

A Facilitative Model For Crypto-Currency Regulation In Singapore
Crypto-currencies have received much attention from regulators of late. While many consider regulation necessary because of their potential for illicit use, heavy-handed regulation would over-burden the development of a nascent industry that has captured the imagination of many. This chapter reflects on a number of key issues that arise from crypto-currency regulation in the Singapore context, and proposes a “facilitative” model for optimal regulation in Singapore. A premise of this model is that regulation need not be anti-industry; and facilitative regulation can help to reduce both investor and end-user uncertainty, while promoting widespread acceptance and legitimacy.