Latest Web3 Finance and Compliance Reports

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  [SGTech] Vietnam Market Entry Playbook 2024
  Vietnam Market Landscape Overview Vietnam ICT Market Opportunities & Challenges
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  CLASSIFICATION OF CRYPTO ASSETS UNDER MICAR – by Natalia Łątka
  MiCAR groups crypto assets into 3 main categories, namely E-Money Tokens, Asset-Referenced Tokens, and Other Crypto Assets.
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  [Bitwise] The Year Ahead: 10 Crypto Predictions for 2025
  1, Ethereum, and Solana will hit new all-time highs, with Bitcoin trading above $200,000. 2. Bitcoin ETFs will attract more flows in 2025 than they did in 2024. 3. Coinbase will surpass Charles Schwab as the most valuable brokerage in the world, and its stock will top $700 per share. 4. 2025 will be the… Read more: [Bitwise] The Year Ahead: 10 Crypto Predictions for 2025
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  [TRM] Global Crypto Policy Review & Outlook 2024/2025
  What shaped crypto policy in 2024? Waves of adoption Implementation of regulatory frameworks Out of the 24 jurisdictions we reviewed — representing about 70% of global crypto exposure — about 70% made progress implementing regulations. At the same time, policymaking continues apace, with over 60% of these jurisdictions introducing new policies or positions for digital assets.… Read more: [TRM] Global Crypto Policy Review & Outlook 2024/2025
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  [ISCA] Crypto Payments And Receipts Made Easier
  Crypto accounts receivable/accounts payable (AR/AP) software allows companies to bill crypto invoices and pay crypto suppliers easily. With so many different tokens on different chains, it is not easy to collect and pay in crypto. SOLUTION A: HEADQUARTERS (HQ.XYZ) HQ.xyz is founded by veterans who have been building the foundation of onchain finance since 2019.… Read more: [ISCA] Crypto Payments And Receipts Made Easier
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  [PROPELLER INDUSTRIES] The Statement of Digital Assets (SoDA)
  In the past, crypto assets were treated as indefinite-lived intangible assets, subject only to impairment and not marked to market. However, with the issuance of FASB ASU 2023-08, certain digital assets are now allowed to be reported at fair value. What is a Statement of Digital Assets? Bridging onchain holdings with US GAAP SoDA Development… Read more: [PROPELLER INDUSTRIES] The Statement of Digital Assets (SoDA)
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  [MarketsAble.com] Crypto ETFs Report – 2024 Q3
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  [standard chartered] Stablecoins: The first killer app
  Stablecoins are digital assets designed to maintain a stable value relative to fiat currencies or other assets. Initially, they were primarily used for trading, lending, and other activities on digital asset trading platforms. The total market capitalization of stablecoins has reached $163 billion, with Tether (USDT) and USD Coin (USDC) dominating the market. These stablecoins… Read more: [standard chartered] Stablecoins: The first killer app
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  [ONCHAIN ACCOUNTING] 2024 ULTIMATE CRYPTO ACCOUNTING GUIDE
  The diverse range of businesses and individuals in the crypto space, including exchanges, miners, investment funds, VCs, and others, underscores the growing importance of specialized crypto accounting services. These services are crucial for ensuring accurate financial reporting, tax compliance, and effective management of crypto-related activities. Here are our top five tips to get you started:… Read more: [ONCHAIN ACCOUNTING] 2024 ULTIMATE CRYPTO ACCOUNTING GUIDE
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  [BEOSIN] ANALYSIS OF THE BITFOREX INCIDENT
  On February 23, 2024, ZachXBT reported an outflow of approximately $56.5 million from BitForex’s hot wallets. The platform subsequently suspended withdrawal services, and its CEO had resigned a month earlier, leaving the platform with ineffective leadership and lack of updates. On March 4, the Hong Kong Securities and Futures Commission issued a warning stating that… Read more: [BEOSIN] ANALYSIS OF THE BITFOREX INCIDENT
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  [The Network Firm] The Power of Proof of Reserves: Exchanges, Stablecoins, & ETFs
  In the evolving landscape of cryptocurrency and digital assets, trust remains a cornerstone of adoption and growth. The concept of Proof of Reserves (PoR), born in the aftermath of the catastrophic Mt. Gox collapse, has become a crucial mechanism to ensure transparency and accountability across various facets of the crypto ecosystem.  https://www.thenetworkfirm.com/blog/the-power-of-proof-of-reserves
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  [The Network Firm] Your Quick Guide to Audit Readiness with Crypto on the Balance Sheet
  Crypto audits and proof of reserves reports are on the rise as the IRS increases oversight on cryptocurrency transactions. The lack of clear, universal guidelines, however, make it challenging for crypto companies to accurately value and report their crypto assets, adding to the complexity of compliance. To prepare your business for a crypto audit, be… Read more: [The Network Firm] Your Quick Guide to Audit Readiness with Crypto on the Balance Sheet
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  [IRAS] Singapore Enhances International Tax Cooperation through Automatic Exchange of Information on Crypto-Assets
  1. On 26 November 2024, Singapore, with 60 other jurisdictions at the 17th Global Forum Plenary Meeting in Asunción, Paraguay, committed to the implementation of the Crypto-Asset Reporting Framework (“CARF”). Under the Global Forum’s CARF Commitment Process, Singapore has been identified as one of the 52 jurisdictions relevant to the CARF in 2024 and is expected… Read more: [IRAS] Singapore Enhances International Tax Cooperation through Automatic Exchange of Information on Crypto-Assets
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  [Continuum] Understanding Digital Asset Custody Risks
  As cryptocurrencies and digital assets gain mainstream acceptance, crypto firms face increasing challenges in securing these valuable holdings. Digital asset custody is a cornerstone of any robust risk management strategy, yet it remains a complex and evolving area. In this guide, we’ll break down the risks associated with digital asset custody and provide insights into… Read more: [Continuum] Understanding Digital Asset Custody Risks
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  [BEOSIN] A PRACTICAL GUIDELINE TO AML/CFT COMPLIANCE FOR VASPS IN DUBAI
  VARA issued the Virtual Assets and Related Activities Regulations 2023 (the Regulations) on 7 February 2023, an all-encompassing virtual asset regulatory framework applicable to all Virtual Asset Service Providers (VASPs) in Dubai but excluding the DIFC. Ever since then, 22 VASPs have got the licenses and the number is still growing rapidly. This achievement is… Read more: [BEOSIN] A PRACTICAL GUIDELINE TO AML/CFT COMPLIANCE FOR VASPS IN DUBAI
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  [CCAF] THE GLOBAL STATE OF OPEN BANKING AND OPEN FINANCE REPORT
  The Global State of Open Banking and Open Finance Report examines the diverse regulatory and operational landscape for open banking and open finance across 95 jurisdictions. This comprehensive study provides an analysis of governance practices, highlights factors driving convergence or divergence among frameworks, and draws lessons from varying implementation strategies that are shaping the future… Read more: [CCAF] THE GLOBAL STATE OF OPEN BANKING AND OPEN FINANCE REPORT
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  [Mastercard] The Tokenization Innovation Report: The Future of Security and Personalization
  Tokenization is a process that safeguards sensitive payment information by replacing it with unique, non-sensitive identifiers known as tokens. These tokens securely map to the original payment credentials but are disguised in a way that even hackers would not be able to use them. This extra layer creates a much more secure and safe payment… Read more: [Mastercard] The Tokenization Innovation Report: The Future of Security and Personalization
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  [J.P.Morgan] PAYMENTS are eating THE WORLD
  Rapid digitization across the globe is transforming all aspects of our lives, and payments are the most crucial element. From online marketplaces and streaming videos to cross-border money transfers, almost every digital activity relies on a payment system. J.P. Morgan’s proprietary POWER+ framework outlines five mega-themes that are shaping the future of payments. These mega-themes account… Read more: [J.P.Morgan] PAYMENTS are eating THE WORLD
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  [ISCA] Crypto-Asset Reporting Framework (CARF)
  The Crypto-Asset Reporting Framework (CARF) is a key component of the International Standards for Automatic Exchange of Information in Tax Matters developed by OECD (Organisation for Economic Co-operation and Development) under a G20 mandate. It provides for the automatic exchange of tax-relevant information on crypto-assets and comes against the backdrop of the rapid adoption of the use… Read more: [ISCA] Crypto-Asset Reporting Framework (CARF)
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  [SOAS] Year-End Checklist for Web3 Finance Managers
  As the year draws to a close, Web3 finance managers need to prepare for an intricate set of year-end tasks that balance traditional finance requirements with the unique aspects of decentralized finance. From managing crypto holdings and intercompany balances to ensuring compliance, Web3 finance teams face an array of challenges. Here’s a checklist of essential… Read more: [SOAS] Year-End Checklist for Web3 Finance Managers