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Author: Wei Xiang

  • [The Network Firm] 2025 Crypto Accounting Guide: How to Protect Your Startup from Financial Pitfalls

    [The Network Firm] 2025 Crypto Accounting Guide: How to Protect Your Startup from Financial Pitfalls

    Wei Xiang

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    Bitcoin ETFs have arrived. Token ETFs are next.  Regulatory clarity is improving, and institutional interest in the crypto space is steadily growing.  With these market shifts, expectations for financial transparency and operational rigor are higher than ever—especially for crypto startups. As a crypto founder or CFO, it’s essential to establish sound financial practices early to meet Read more

  • SEC Crypto Task Force Continues 2025 Roundtable Series

    SEC Crypto Task Force Continues 2025 Roundtable Series

    Wei Xiang

    Following the successful April 11 session on “Between a Block and a Hard Place: Tailoring Regulation for Crypto Trading,” the SEC’s Crypto Task Force is moving ahead with three more public roundtables exploring key issues in digital asset regulation: Events will take place at SEC HQ in Washington, D.C., and will also be streamed live Read more

  • [GFTN] Transforming Financial Services: The Impact of Asset Tokenization

    [GFTN] Transforming Financial Services: The Impact of Asset Tokenization

    Wei Xiang

    Asset tokenization—the digitization of real-world assets such as real estate, bonds, or equities using blockchain—has become a key driver of innovation in financial services. It enables greater efficiency, liquidity, transparency, and accessibility, and is projected to transform how assets are issued, owned, and traded. Why It Matters By 2030, tokenized assets could represent USD 16 Read more

  • [Bitwise] Q1 Crypto Market Review – 2025

    [Bitwise] Q1 Crypto Market Review – 2025

    Wei Xiang

    10 Noteworthy Developments in Q1 2025 Key Upcoming Catalysts Read more

  • [BIS] Cryptocurrencies and decentralised finance: functions and financial stability implications

    [BIS] Cryptocurrencies and decentralised finance: functions and financial stability implications

    Wei Xiang

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    1. DeFi mimics traditional finance (TradFi) functions but introduces new risksDeFi aims to provide financial services such as payments, lending, and asset management without intermediaries. However, its design—based on anonymity and automation—exposes users to new forms of market failures, including information asymmetry and systemic vulnerabilities. 2. Smart contracts and composability: innovation and fragilitySmart contracts enable Read more

  • [coingecko] Q1 Crypto Industry Report – 2025

    [coingecko] Q1 Crypto Industry Report – 2025

    Wei Xiang

    Read more

  • [BCG] Approaching the Tokenization Tipping Point

    [BCG] Approaching the Tokenization Tipping Point

    Wei Xiang

    This report provides a clear snapshot of the current state and future trajectory of asset tokenization over the next 5 to 8 years, emphasizing that now is the time for institutions to act. Rather than focusing on hype, the report identifies what’s working, what’s not, and offers guidance on how to scale beyond pilot projects. Read more

  • [FIAU] Administrative Measure Publication Notice – OKCoin Europe Limited

    [FIAU] Administrative Measure Publication Notice – OKCoin Europe Limited

    Wei Xiang

    Date of Sanction: April 1, 2025Entity: OKCoin Europe LimitedSector: Virtual Asset Service Provider (VASP)Supervisory Action: On-site compliance review conducted in April 2023Penalty Imposed: €1,054,269 fine and a follow-up directive under Regulation 21 of the PMLFTR Business Risk Assessment (BRA) Deficiencies: Customer Risk Assessment (CRA) Failures: Customer Profile and Business Relationship Monitoring: Ongoing Monitoring and Enhanced Read more

  • [SFC] Fuelling the Web3 and Digital Asset Ecosystem in Hong Kong

    [SFC] Fuelling the Web3 and Digital Asset Ecosystem in Hong Kong

    Wei Xiang

    This speech was delivered by Christina Choi, the Executive Director of Investment Products at the Securities and Futures Commission (SFC) of Hong Kong, at the Hong Kong Web3 Festival 2025. It mainly elaborates on Hong Kong’s initiatives and prospects in the Web3 and digital asset ecosystem. Choi starts by using the evolution of the floppy Read more

  • [IRS] Allowance of Theft Losses for Victims of Scams Under I.R.C. Section 165

    [IRS] Allowance of Theft Losses for Victims of Scams Under I.R.C. Section 165

    Wei Xiang

    On January 17, 2025, the Office of Chief Counsel at the Internal Revenue Service (IRS) issued a memorandum (Number: 202511015) clarifying when taxpayers may claim theft loss deductions under Internal Revenue Code §165 for funds lost to scams. This guidance responds to increasing concerns over various fraudulent schemes that have led to substantial taxpayer losses. Read more