Singapore compliance chiefs from major crypto firms met this week to discuss regulatory challenges. Key themes:

AI compliance tools are being tested widely, but hallucinations and governance issues mean human oversight isn't going anywhere soon.

Real-world asset tokenization and TradFi convergence are outpacing regulatory frameworks, creating major uncertainty.

Travel rule compliance remains messy — no reliable solutions yet.

Regulator expertise varies wildly. Some are sharp and engaged, most aren't keeping pace.

Industry coordination on hack response and bad actor tracking is still weak.

Reverse inquiry rules unclear across jurisdictions.

U.S. firms reportedly cutting compliance corners due to perceived lack of enforcement.

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