While the main stage at WebX Tokyo buzzes with talk of billion-dollar ETFs and institutional adoption, there’s another, shadow economy at play—one that operates on the very same rails we’re trying to build.

Hacks. Scams. Sanctions. It’s a multi-billion dollar problem. Just last year, over forty-one billion dollars in on-chain value was transferred to illicit addresses.

So how do we build a transparent, trustworthy financial system on a technology that’s so often associated with the shadows? How do you police a borderless world?

To answer that, we have the perfect guide. Not just an expert, but someone who has seen this world from both sides. Our guest today is Chengyi Ong, Head of Policy for APAC at Chainalysis, the world's leading blockchain intelligence platform. Before diving into crypto, she spent over a decade as a regulator with the Monetary Authority of Singapore. She’s gone from making the rules to helping enforce them in the wild west of Web3.

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