Asia TMT Bulletin, December 2024

As the year drew to a close, the focus on digital assets, AI, data privacy, and cybersecurity in Asia remained robust. 

Even if the incoming US administration has promised a dialling back of regulation, reflecting on 2024, we saw the APAC region’s regulators taking a proactive approach to technological regulation. While in keeping with this overall trend of enhanced digital regimes, December itself was relatively disparate in respect of new rules, with Thailand issued guidelines refining financial practices for digital assets, Singapore and Australia strengthening their AI initiatives with a memorandum of understanding on shared advancements, and Hong Kong furthering cybersecurity strides with proposed legislation addressing essential infrastructure and enhancements to its Cyber Intelligence Sharing Platform.