Program Overview

Regulatory Compliance for Blockchain

Course Description

This course aims to provide participants with a comprehensive foundational understanding of blockchain and Distributed Ledger Technology (DLT). It covers the fundamental concepts, applications, and emerging trends in blockchain technology, equipping participants with the skills necessary to start working with blockchain development tools. The course also explores the legal, regulatory, and compliance aspects of blockchain technology, particularly within global and Singapore-specific contexts, to ensure participants can navigate and adhere to compliance requirements effectively.

Target Audiences

• Early-career professionals
• Professionals transitioning to blockchain roles
• Industry professionals (finance, risk and compliance)
• Government and public sector employees (regulators, auditors, and policymakers)
• Tech enthusiasts and aspiring developers

Award of Certificate

Participants who successfully pass the final Multiple Choice Question (MCQ) quiz will be awarded a Certificate of Completion (CoC), jointly awarded by the Singapore University of Technology and Design (SUTD) and the Blockchain Association Singapore (BAS). This reflects both the academic rigour of the programme and its strong alignment with current industry relevance and expectations.

Course Structure

Day 1: Introduction to Blockchain and the Global Regulatory Environment

• Overview of course objectives, structure, and learning outcomes
• Introduction to Blockchain Technology and Distributed Ledge Technology
  • Summarise the evolution of blockchain technology and its significant contributions to decentralised systems.
  • Identify key milestones in blockchain development, from its inception to modern innovations like DeFi and NFTs.
  • Explain the components of blockchain and Distributed Ledger Technology (DLT), including blocks, chains, nodes, and consensus mechanisms.
  • Demonstrate how blockchain works through examples of data verification, block addition, and ledger distribution.
  • Classify the popular uses of blockchain across industries such as finance, supply chain, and healthcare.
• Understanding Risks in the Blockchain & Crypto Ecosystem
  • Analyse the key drivers of blockchain asset pricing, such as market sentiment and adoption.
  • Understand what crypto winters are and their impact.
  • Compare the functionalities of major blockchain exchanges, platforms and cross-chain bridges and stablecoins, like Bitcoin, Ethereum, Binance Bridge and Terra, etc.
  • Differentiate between blockchain asset types, including cryptocurrencies, stablecoins, non-fungible tokens (NFTs), tokenised asset, crypto wallets, stablecoins and central bank digital currencies (CBDCs), etc.
• The Global Regulatory Landscape
  • Identify and describe the key international regulatory frameworks and standards bodies (e.g., FATF, EU MiCA, ISO, IEEE), and how these bodies govern blockchain and DLT developments, focusing on AML/CFT compliance, security, consumer protection and interoperability.
  • Examine blockchain laws in major jurisdictions (US, EU, China/Hong Kong) and their impact on innovation and compliance.
  • Evaluate the differences in regulatory approaches, such as the US SEC's securities rules and EU's MiCA framework.

Day 2: Compliance Risk Management

• Singapore & MAS Laws and Regulations
  • Identify key milestones in blockchain development, from its inception to modern innovations like DeFi and NFTs.
  • Differentiate between digital payment tokens, e-money, and stablecoins under regulatory guidelines.
  • Examine the legal status of crypto-assets and crypto-mining in Singapore's context.
  • Understand Singapore's legal and regulatory framework – the specific laws and regulations such as the Payment Services Act (PSA) and FATF recommendations, etc.
• Regulatory Compliance Risk Management
  • Learn and apply compliance risk management concepts.
  • Conduct risk-based assessments, including inherent and residual risks.
  • Develop and implement controls (e.g., preventive, detective) to manage compliance risks, and best practices.
• AML/CFT and Financial Crime Compliance
  • Identify ML/TF risks associated with blockchain and cryptocurrency transactions risks.
  • Learn customer due diligence (CDD), enhanced due diligence (EDD), and transaction monitoring techniques for crypto-related businesses.
  • Understand FATF's Travel Rule and its application to virtual assets.
  • Use blockchain analytics tools for transaction tracking, wallet profiling, and monitoring high-risk activities.
  • Analyse case studies (e.g., FTX collapse) to understand regulatory gaps and best practices.

Day 3: Practical Applications of Blockchain and Distributed Ledger Technology

• Uses of Blockchain & DLT, & Emerging New Technology Developments
  • Explore real-world applications across various industries, including finance, supply chain, and healthcare.
  • Assess the transformative potential of blockchain in creating decentralised and efficient systems.
  • Examine Decentralized Autonomous Organizations (DAOs) as a governance model for blockchain ecosystems.
• Summative Immersive Scenarios: Practical Application
  • Analyse and discuss case studies to apply theoretical knowledge in solving real-world challenges.
  • Identify blockchain-based solutions to address specific problems in business or technology domains.
• Summary and Q&A
• Assessment

Entry Requirements

Minimum GCE 'O' or 'A' levels, Polytechnic diploma or their equivalent

Financial Matters

Course fees payable (incl. GST & excl. supplementary fee)

• Full Course Fee S$3,270.00
  • Course fee: S$3,000.00
  • GST (9%): S$270.00
  • Course fee payable: S$3,270.00
• Enhanced Training Support for SMEs S$381.00
  • Course fee: S$3,000.00
  • Baseline SkillsFuture Funding – Grant: S$(2,100.00)
  • Nett course fee: S$900.00
  • GST (9%): S$81.00
  • Enhanced Training Support for SMEs – Subsidy: S$(600.00)
  • Course fee payable: S$381.00
• Singapore Citizens aged 40 and above S$381.00
  • Course fee: S$3,000.00
  • Baseline SkillsFuture Funding – Grant: S$(2,100.00)
  • Nett course fee: S$900.00
  • GST (9%): S$81.00
  • Mid-Career Enhanced Subsidy: S$(600.00)
  • Course fee payable: S$381.00
• Singapore Citizen 39 years old or younger S$981.00
  • Course fee: S$3,000.00
  • Baseline SkillsFuture Funding – Grant: S$(2,100.00)
  • Nett course fee: S$900.00
  • GST (9%): S$81.00
  • Course fee payable: S$981.00
• Singapore Permanent Residents (SPR) S$981.00
  • Course fee: S$3,000.00
  • Baseline SkillsFuture Funding – Grant: S$(2,100.00)
  • Nett course fee: S$900.00
  • GST (9%): S$81.00
  • Course fee payable: S$981.00

Course Schedule

• Course intake: RCB-
• Plenty of slots available: 6 seats
• Course intake No.: RCB-
• Registration period: 20 Jan :00 - 8 Mar :59
• Course date: 22 Mar :00 - 27 Mar :59
• Venue: Lifelong Learning Institute (LLI)
• Course intake schedule information: Full-day physical in-class sessions AM Session: 9:00 am to 12:30 pm PM Session: 1:30 pm to 5:00 pm More information will be disseminated via email, particularly for participants attending overseas sessions.