As banks explore the potential of permissionless blockchains, questions around risk, compliance and accountability remain.

Project Pigeon, a new APAC industry working group, aims to develop a common framework to help financial institutions navigate these challenges.

On Viewpoint, Lynlee Foo speaks to June Lau, APAC Head of Policy and Regulatory Affairs at Elliptic, about what’s holding banks back, whether these risks can be managed, and what wider adoption of permissionless blockchains could mean for the future of financial services.