The regulatory landscape in Asia is rapidly evolving as each jurisdiction seeks to enable innovation, while safeguarding the stability of its financial system.
Tung Li Lim hired by Elliptic
He will bolster Elliptic’s Asia business by assisting cryptoasset businesses, traditional financial institutions and regulators, to build a robust and secure cryptoasset ecosystem.
Tung Li Lim will work across all Asia Pacific markets to deepen Elliptic’s engagement with regulators, financial institutions, industry associations, and other stakeholders in the region.
With deep investigation and enforcement experience, his insights will help cryptoasset businesses to manage their regulatory risks and ensure financial crime compliance.
Simone Maini, the Chief Executive Officer at Elliptic offered additional insights and said, “Singapore has long been seen to champion the growth of the cryptoasset sector in Asia.”
“By hiring individuals with deep regulatory experience like Tung Li, we are able to develop and deliver the best cryptoasset risk management solutions for our clients in the region.”
Elliptic set to harness Tung’s experience
Lim Tung Li spent most of his career in Singapore’s public sector, with stints in various law enforcement agencies such as the Singapore Police Force and the Casino Regulatory Authority.
Prior to Elliptic, Tung Li was a Deputy Director in the Enforcement Department at the Monetary Authority of Singapore (MAS) – the country’s central bank and integrated financial supervisor.
While at Monetary Authority of Singapore, he helped to set up the Surveillance and Forensic Division and led a team to detect and deter market misconduct in Singapore’s capital markets.
Tung Li Lim, the Senior Policy Advisor for APAC at Elliptic said, “There is so much energy, but with varying degrees of maturity, in the cryptoasset ecosystems across Asia.”
“Having experienced some of the challenges that the industry encounters as it develops, I am very excited to join Elliptic in delivering solutions that address those challenges.”
“I am therefore looking forward towards contributing to Elliptic’s impressive growth while further helping to foster a strong compliance culture in Asia’s crypto asset sector.”