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Author: Wei Xiang

  • [HACKEN] Web3 Security Report | 2024 Q2

    [HACKEN] Web3 Security Report | 2024 Q2

    Wei Xiang

    πŸ“‰ Reduction in Hacks: Q2 2024 saw a significant decrease in the number of crypto hacks compared to Q1, indicating a potentially positive trend in security. πŸ“ˆ Increase in Financial Losses: Despite fewer hacks, the total amount of funds lost in Q2 2024 nearly matched the total losses for all of 2023, suggesting that the… Read more

  • 7 Qualities of a Highly Successful Web3 Chief Financial Officer (CFO)

    7 Qualities of a Highly Successful Web3 Chief Financial Officer (CFO)

    Wei Xiang

    https://www.aemledger.com/post/7-qualities-of-a-highly-successful-web3-chief-financial-officer-cfo Read more

  • [WEF] 🌟 Top 10 Emerging Technologies in 2024

    [WEF] 🌟 Top 10 Emerging Technologies in 2024

    Wei Xiang

    1. πŸ€– Artificial Intelligence for Scientific Discovery: Opening new frontiers of knowledge2. πŸ”’ Privacy-Enhanced Technology: Enabling massive global collaboration3. πŸͺž Reconfigurable Smart Surfaces: Transform wireless connectivity with smart mirrors4. ☁️ High Altitude Platform on the Stratosphere5. 🌐 Integrated Sensing and Communication: Building next-generation networks with digital awareness6. πŸ—οΈ Immersive Building Technology Instruction and Maintenance7. πŸ”₯… Read more

  • Singapore National Asset Recovery Strategy

    Singapore National Asset Recovery Strategy

    Wei Xiang

    Money Laundering Risk in Singapore: As an international financial centre, criminals will take advantage of Singapore’s economic openness to launder illicit funds in its ecosystem. 🎯 Objectives of Asset Recovery in Singapore:1. 🚫 Depriving criminals of their illegal gains2. πŸ›‘οΈ Reduce criminal harms caused to society3. βš–οΈ Provide recourse to victims of crime πŸ“Š Singapore… Read more

  • 🌐 [FATF] FATF Standards Implementation Report on VAs and VASPs (Updated 9/07/24)

    🌐 [FATF] FATF Standards Implementation Report on VAs and VASPs (Updated 9/07/24)

    Wei Xiang

    The report found that while some jurisdictions have made progress in implementing anti-money laundering (AML) and counter-terrorism financing (CFT) regulations, global implementation is still lagging. Several countries have yet to take significant steps to regulate this area, and these countries need to urgently prioritize the full implementation of these standards. Based on 130 Financial Action… Read more

  • 🌐 Navigating the Virtual Asset Service Providers (VASP) Travel Rule: A Comprehensive Guide for the Digital Assets Ecosystem

    🌐 Navigating the Virtual Asset Service Providers (VASP) Travel Rule: A Comprehensive Guide for the Digital Assets Ecosystem

    Wei Xiang

    πŸ“œ The VASP Travel Rule, an extension of the Financial Action Task Force (FATF) Recommendation 16, mandates that Virtual Asset Service Providers (VASPs) collect and transmit sender and beneficiary information for transactions exceeding a certain threshold, typically $1,000 or its equivalent. This includes names, account numbers, physical addresses, and identification details, akin to traditional financial… Read more

  • [Standard Chartered] 🌐 Real-World Asset Tokenization: A Game Changer for Global Trade

    [Standard Chartered] 🌐 Real-World Asset Tokenization: A Game Changer for Global Trade

    Wei Xiang

    The introduction of blockchain technology was the game changer. It is revolutionizing the financial markets. What was once unthinkable is becoming a reality, and tokenization has emerged as a crucial element in expanding digital asset markets, transforming them from niche and experimental to widely accepted and mainstream. Driven by client demand and the potential opportunity… Read more

  • [VISA] πŸ’±Tokenization of Money: e-HKD and the Future of Global Money Movement

    [VISA] πŸ’±Tokenization of Money: e-HKD and the Future of Global Money Movement

    Wei Xiang

    The movement of money is entering a new era. Innovations in payments are happening at all levels, led by the private sector alongside leading public institutions. Central banks and regulators are exploring new technological innovations and regulatory frameworks on a macro level. In parallel, solutions from the private sector continue to emerge, solving existing pain… Read more