Best practices for digital asset v/s tokenized funds in Hong Kong. 2 case studies for each type of funds are explained. • Digital asset (DA) funds directly invest in digital assets like Bitcoin, ether and other crypto, to provide exposure using traditional ownership and off-chain methods. Best practice #1: API driven automated reconciliation.Best practice #2:… Read more: [afa] Best practices for digital asset and tokenized funds in Hong Kong

Understanding the EU’s “Reverse Solicitation” rule for crypto services. What is Markets in Crypto-Assets Regulation (MiCAR)? → a landmark piece of legislation that creates a harmonized set of rules for crypto in the EU, fully operational from December 30, 2024. What is the general rule? → a firm must be officially authorized and have a registered office… Read more: [PWC] MiCAR – Final guidelines on reverse solicitation

Key Takeaways:- • Rapid Growth: The stablecoin market has rapidly surpassed US$300 billion in total market capitalization, and is beginning to expand from a tool for crypto trading toa global medium for digital savings and payments for businesses and individuals alike. • Two Core Categories: Stablecoins are primarily categorized into Centralized Fiat-backed (e.g., USDT, USDC,… Read more: [Binance] Latest research report on the stablecoin business.

A gentle reminder to perform a due diligence before using a crypto exchange/wallet service to avoid losing your funds. Popular exchanges like Binance also allegedly fail at critical moments. Last month we noted several technical issues on Binance, posted as “heavy market activity” by the Binance official page on X. Many users reported frozen accounts… Read more: [BeinCrypto] Shocking claims against Binance during the market crash

35 Bn → 2 Tn USD 🔥, is what we expect tokenized RWAs to grow by end-2028! in Just 3 years! Current Defi market – broken down into following 5 main categories: 1) Lending: such as AAVE and Compound. 2) Liquid staking: rewards or liquidity for staked assets, category dominated by Lido. 3) Restaking: rewards… Read more: [Standard Chartered] Defi 101

The latest Thematic Peer Review (as of August 2025) signals that despite the 2023 framework, the global regulatory landscape remains fragmented. Key findings for the compliance sector: – GSC Lag: While general crypto-asset oversight has advanced, regulation for global stablecoin arrangements (GSCs) is still behind. – Alignment Deficit: Even jurisdictions with “finalized” frameworks lack full… Read more: [FSB] Significant gaps and inconsistencies in implementation of crypto and stablecoin recommendations

Kenya passed the Virtual Asset Service Providers (VASP) Act, 2025, here’s are key compliances to follow: 1. Mandatory Licensing from:– The Central Bank of Kenya (CBK) or– The Capital Markets Authority (CMA),depending on type of virtual asset activity (refer page 39 of pdf attached) 2. License renewals:– Validity ends on 31st december each year. Hence,… Read more: [Kenya] Key compliances – Virtual Asset Service Providers (VASP) Act, 2025

Coinbase’s response to the US Treasury on the GENIUS Act is worth noting. Coinbase is a large DASP (digital asset service provider). They argue this definition (Q4) should only apply to actual financial middlemen doing financial intermediation. If you are only running core software or a blockchain validator, you shouldn’t be included. They also point… Read more: [Coinbase] Response to US Treasury ANPRM regarding GENIUS Act Implementation

One thing that stood out in the State of Crypto 2025 report wasn’t just the numbers, it was the stack of consistent proofs of real adoption. Stablecoin volumes hit new highs this year, crossing the trillion-dollar mark again, but the interesting part is where the activity comes from. It’s everyday payments, remittances, settlements. Quiet, steady… Read more: [a16z] State of Crypto – 2025

The GENIUS Act is more than just a stablecoin law. Its insights and practical implications are now apparent and it’s getting more nuanced. # It defines, “payment stablecoin” which is different from stablecoin. – Only approved issuers, called Permitted Payment Stablecoin Issuers, will be allowed to issue payment stablecoins. But the real story is how… Read more: [forvis mazars] Stablecoin insights: The GENIUS Act & Its implications

Stablecoins in real world is gaining more traction beyond just USDC and USDT. The banking circle in Europe had issued EURI last year. With the growing use case and increasing regulatory clarity in EU (MiCAR), the institutional adoption of stablecoin is clearly evident,– as the circulation crossed USD 50 million in June 2025.

Crypto might be classified as cash equivalent ? As we know,the accounting classification of crypto has majorly been either:- – Intangible asset or– Inventory. On 29th Oct, FASB has added a project to its technical agenda, to clarify whether certain digital assets may be classified as cash equivalents. Source: https://fasb.org/page/PageContent?pageId=/news_and_meetings/past-meetings/10-29-25.html#digital-assets

How do stable coin issuers make money?, even when they have to maintain 1:1 reserves? Depending on their business model, primary and secondary sources: 1. Reserve yield (interest earnings from T-bills/Bank deposits, reverse repo and Govt MMFs) 2. Mint/Redeem fees (small fees on mint/redeem from institutions/partners) 3. Platform/API fees (paid access to dashboards, payout service,… Read more: [Stablecoin Insider] How do Stablecoin issuers make money?

Stablecoin Mandate: Why 100% Backing Changes Everything Q3 2025 marked a definitive pivot point for U.S. financial services: Regulation is actively laying the foundation for the digital asset economy. Here’s the breakdown of regulatory shifts and why stablecoins are the core catalyst: Economy & Regulatory Reset The economic climate demands caution: Stablecoin Insights: The Disruption… Read more: [forvis mazars] Quarterly Insights: US Financial Services Regulatory Centre Q3 2025

A new controversy in stablecoins has arisen, Beijing v/s Chinese tech giants! Chinese regulators, has reportedly instructed to pause⚠️ the stablecoin plans, (regulators include People’s Bank of China (PBOC) and Cyberspace Administration of China (CAC)) As we know earlier during this year, In May, the Hong Kong’s legislature passed a stablecoin licensing regime. In June, Ant… Read more: [Reuter] Chinese tech giants pause stablecoin plans after Beijing steps in, FT reports

The U.S. Treasury has extended deadline for public comments for the GENIUS Act to November 4, 2025. The Treasury issued an Advanced Notice of Proposed Rulemaking (ANPR) an early-stage rulemaking step that will require Treasury to issue a subsequent proposal to seek additional public input before any regulations may be finalized, requesting public comment regarding its… Read more: [forvis mazars] U.S. Treasury Seeks Comment on BSA Aspects of Stablecoin

Institutional crypto adoption is progressing? No. Completed. It’s already adopted. After more than 10 trials, examining technical and infra aspects for digital Singapore dollar, their learnings translated into now market-ready commercial offerings (called Project Orchid), Monetary authority of Singapore launched BLOOM, enabling settlement in tokenized assets and stablecoin for private banks ! It encompasses:– G10… Read more: [MAS] MAS Launches BLOOM Initiative to Extend Settlement Capabilities

How to pay lower gas fees as a crypto native business? If your entity has a crypto asset custody and want to explore ways to minimize gas fees ↓ and maximize speed and privacy ↑, read below. → Prefer MPC over Multisig !! What is MPC? A secure multi party computation (MPC) ensuring a complete… Read more: [SAFEHERON] The Evolution of crypto custody: From asset safe to business growth engine

The first question to ask when considering using crypto in your company’s operations is: Do we hold crypto on our balance sheet or simply adopt crypto-enabled payments? To determine an appropriate path for your business, you should consider how it aligns with your business objectives. Consider the potential benefits, drawbacks, costs, risks, system requirements, and… Read more: [Deloitte] The use of cryptocurrency in business

How to find the right crypto tax professional in Australia ? Here are the # Top 3:Depending on your specific tax situation: # For fixing errors in crypto software👇 • Crypto Tax Made Easy by Matthew WalrathAs per research, 90% of the time, crypto tax software overestimates capital gains because it misclassifies DeFi transactions, NFT… Read more: [LondonlovesBusiness.com] Top three crypto accountants in Australia for stress-free crypto tax reporting