SINGAPORE, 20 January 2020 – The Organisation for Economic Cooperation and Development (OECD) has appointed Anson Zeall, Chairman of the Association of Cryptocurrency Enterprises and Start-ups, Singapore (ACCESS), to the OECD’s Blockchain Expert Policy Advisory Board (BEPAB).
According to a press release from the OECD, the formation of the expert advisory group on blockchain technology reflects the OECD’s expanding programme of work, in areas such as exploring policy implications of blockchain technology. BEPAB helps governments, policy makers and other stakeholders harness the benefits of this disruptive technology with proper risk mitigation measures.
Apart from Mr Zeall, BEPAB is represented by representatives from forty-five OECD and non-OECD governments, as well as representatives from the European Commission, the private sector, industry bodies, and civil society groups.
The formation of the BEPAB follows the establishment of the OECD Blockchain Policy Centre, which provides a reference point for policy makers and supports the coordination of OECD work on blockchain and other distributed ledger technologies. The Centre builds on more than five years of OECD research and analysis on blockchain technology from the perspectives of various governments.
BEPAB’s initial focus will be scoping issues relevant to forming an international framework for blockchain policy principles. The expert group held its inaugural meeting in December 2019.
“On behalf of ACCESS, I am honored to be a part of BEPAB, alongside other esteemed global blockchain experts. This is a strong recognition of the work we do at ACCESS in promoting a vibrant and safe ecosystem to advance blockchain technology for our members. Our various initiatives in Singapore are aligned with OECD’s work in advancing financial inclusion, increasing consumer protection, enhancing corporate governance mechanisms, and building new forms of digital infrastructure using blockchain technology.”
MR ZEALL, CHAIRMAN OF ACCESS
One key project undertaken by ACCESS is the Code of Practice, a module under its Standardisation of Practice In Crypto Entities (SPICE) initiative – a key industry initiative that promotes best practices to strengthen regulatory compliance for the digital asset industry in Singapore. The Code of Practice, which is facilitated by MAS and developed in consultation with ABS, complements Singapore’s Payment Services Act. It standardises the approach to tackling Anti-Money Laundering and Counter Financing of Terrorism, which is key to promoting financial inclusion.
About the Association of Crypto-Currency Enterprises and Start-ups, Singapore (ACCESS):
ACCESS is a non-profit organisation for the cryptocurrency and blockchain industry in Singapore.
Members represent a spectrum of businesses within the Singapore blockchain and cryptocurrency space, including exchanges, merchant transaction services, vending machines suppliers and miners, and abide by a Code of Conduct that is in line with our mission statement to support the advocacy, engagement and education of the transformative potential digital currencies and their underlying technology, blockchain. ACCESS has grown its membership from 7 companies since its establishment in 2014 to the current 400 companies.
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