WikiEXPO Global Expert Interview: Loretta Joseph——Unlock the forefront of digital finance

In the era of rapid changes in financial innovation and regulation, WikiGlobal, as the organizer of WikiEXPO, has always been at the forefront of the industry, capturing key topics with keen insight and presenting deep thinking and forward-looking perspectives to the industry through a series of unique interviews. This time, we are honored to invite Ms. Loretta Joseph, an authoritative expert in the field of financial technology, as the guest of this interview to deeply explore the hot topics of digital finance and reveal new trends in industry development.

Loretta Joseph

The Policy Group , Chair Idaxa Pro Bono Hero of

Commonwealth Secretariat ( Virtual Asset Model Law Lead )

Loretta Joseph stands as a Global Leader in Digital Finance, Virtual Assets, and Financial Regulation, recognized internationally for her expertise in these domains. With extensive experience advising governments, regulators, and organizations across the globe, she champions the responsible adoption of financial technology to foster inclusion and economic growth. Loretta has played a pivotal role in shaping regulatory frameworks for Virtual Assets and Virtual Asset Service Providers (VASPs), notably contributing to the development of the Commonwealth Model Law on Virtual Assets.

1.Can you share a brief overview of your journey in becoming a globally recognised expert in digital finance and virtual assets?

Loretta Joseph：I began my career in traditional finance, gaining extensive experience in investment banking and financial services. As digital finance and virtual assets emerged, I recognised their transformative potential for financial inclusion and economic development. Over the years, Ive worked across jurisdictions, advising governments, regulatory bodies, and international organisations on developing robust regulatory frameworks. My work with the Commonwealth Secretariat and as a champion for the Commonwealth Model Law on Virtual Assets has solidified my reputation as a global leader in this space.

2.What inspired you to focus on advocating for the responsible adoption of financial technology?

Loretta Joseph：My passion stems from the realisation that technology, when responsibly implemented, can bridge gaps in financial access, particularly in underserved regions. Witnessing the impact of innovative solutions on island states and developing nations motivated me to advocate for regulatory clarity, which ensures innovation can thrive without compromising on consumer protection or financial stability.

3.You have been instrumental in developing regulatory frameworks for virtual assets and VASPs. Can you elaborate on the key challenges and successes in this process?

Loretta Joseph：One of the biggest challenges has been striking a balance between innovation and regulation—ensuring that rules are not overly restrictive yet are robust enough to address risks like money laundering and terrorist financing. Another challenge is harmonising cross-border regulations to prevent arbitrage and ensure global coherence. A major success has been the adoption of the Commonwealth Model Law on Virtual Assets, which provides a blueprint for jurisdictions seeking to regulate the sector effectively.

4.What are the key components of the Commonwealth Model Law on Virtual Assets, and how do you believe it contributes to the global regulatory landscape?

Loretta Joseph：The Model Law focuses on creating a comprehensive regulatory framework for virtual assets and VASPs. Key components include AML/CFT requirements aligned with FATF standards, licensing provisions, consumer protection measures, and cross-border cooperation protocols. By offering a standardised yet adaptable framework, it enables jurisdictions to foster innovation while mitigating risks, contributing to global regulatory alignment.

5.How do you see the intersection of technology and governance evolving in the context of digital finance and inclusion?

Loretta Joseph：I believe technology will increasingly enable governance systems to become more transparent, efficient, and inclusive. In the context of digital finance, innovations such as blockchain and decentralised finance can enhance accountability and reduce costs. Governments and regulators must adopt these tools to support financial inclusion while addressing associated risks through collaborative and adaptive policymaking.

6.How do you see cross-border cooperation evolving in the face of increasing globalisation and the rise of digital currencies?

Loretta Joseph：Cross-border cooperation will be critical in addressing the unique challenges posed by digital currencies, such as regulatory arbitrage and illicit financial flows. I foresee enhanced collaboration through multilateral organisations like the FSB , IOSCO and FATF, as well as regional partnerships. Interoperability of regulations and technological standards will be key to fostering trust and stability in the global financial ecosystem.

7.What are your key priorities and aspirations for the next few years in the field of digital finance and financial regulation?

Loretta Joseph：My priorities include furthering the adoption and implementation of the Commonwealth Model Law across member states, advocating for global regulatory harmonisation, and supporting capacity building in developing nations. I also aim to focus on integrating climate finance and digital inclusion, leveraging technology to address pressing global challenges such as climate change and economic inequality.

8.If you could give one piece of advice to policymakers, industry leaders, or aspiring professionals in digital finance, what would it be?

Loretta Joseph：Adopt a mindset of collaboration and adaptability. Policymakers should engage with industry experts and stakeholders to craft regulations that are fit for purpose. Industry leaders should prioritise ethical practices and transparency. Aspiring professionals must stay informed, continuously learning and contributing to shaping this dynamic and transformative field responsibly.

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Loretta Joseph's expertise spans multiple jurisdictions, with a particular focus on regulatory harmonization and combating financial crimes. Honored with the prestigious 'Hero of the Commonwealth of Nations' award, she continues to drive the future of digital finance, ensuring that technology serves as an instrument for inclusive and sustainable development. Loretta's relentless pursuit in this field underscores her commitment to balancing innovation with compliance, making her a true trailblazer in the evolving landscape of financial regulation.

As the organizer of WikiEXPO, WikiGlobal is committed to strengthening international exchanges and cooperation through offline exhibitions, actively participating in current issues and projects of international financial regulation, deepening the integration and application of financial technology and regulatory technology, improving regulatory efficiency and accuracy, actively promoting industry self-discipline, encouraging financial institutions to adopt best practices, building a more stable and transparent financial ecosystem, and enhancing trading environment security.