Author: Wei Xiang
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[Deloitte] Tokenization – Realizing the Vision of a Future Financial Ecosystem
![[Deloitte] Tokenization – Realizing the Vision of a Future Financial Ecosystem](https://web3accountant.online/wp-content/uploads/2024/08/下载-11.png)
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[ACRA] Developing the Future of Accounting Talent in Singapore
![[ACRA] Developing the Future of Accounting Talent in Singapore](https://web3accountant.online/wp-content/uploads/2024/08/下载-21.jpg)
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HSBC Report: A New Payment Paradigm
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[TechAccountingPro] Exciting news!!! The company financial accounting rules template is here!!!
![[TechAccountingPro] Exciting news!!! The company financial accounting rules template is here!!!](https://web3accountant.online/wp-content/uploads/2024/08/techaccountingpro_logo1.jpg)
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[MAS] The Monetary Authority of Singapore imposed a fine of 2.5 million SGD
![[MAS] The Monetary Authority of Singapore imposed a fine of 2.5 million SGD](https://web3accountant.online/wp-content/uploads/2024/08/mas_logo_corporate-branding_square_01.jpg)
The Monetary Authority of Singapore (MAS) imposed a combined fine of 2.5 million SGD on Swiss Asia Financial Services Pte Ltd for violations of anti-money laundering and counter-terrorism financing regulations and issued warnings to its CEO and COO. During the MAS inspection, violations included: Read more
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[MAS] GUIDELINES ON LICENSING FOR PAYMENT SERVICE PROVIDERS
🚀 MAS new requirement for legal opinion and compliance / IT auditor assessment inputs to be provided during PSA license application. 3 cheers!!! More collaborations between industry players and professional services firms To ensure greater clarity, better facilitate application reviews and enhance efficiency of the licensing process, the Monetary Authority of Singapore (“MAS”) will be… Read more
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[TRM] 🔍Exploring the Russian-speaking Illicit Crypto Ecosystem 🚨
![[TRM] 🔍Exploring the Russian-speaking Illicit Crypto Ecosystem 🚨](https://web3accountant.online/wp-content/uploads/2024/08/下载-11-1.jpg)
From ransomware groups to illicit marketplace operators, Russian-speaking threat actors have become a significant force in international crypto crime. 🌐💻 🔐 Ransomware: This type of malicious software encrypts a victim’s files or data, making them inaccessible. The attacker demands a ransom, usually in cryptocurrency, for the decryption key. Ransomware has become a serious threat to… Read more
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[FSB] 🌍 Cross-border Regulatory and Supervisory Issues of Global Stablecoin Arrangements in Emerging Markets and Developing Economies! 💹
![[FSB] 🌍 Cross-border Regulatory and Supervisory Issues of Global Stablecoin Arrangements in Emerging Markets and Developing Economies! 💹](https://web3accountant.online/wp-content/uploads/2024/08/下载-12.png)
Global stablecoins (GSCs), which are stablecoins that could be widely used as a means of payment and/or store of value across multiple jurisdictions, could pose significant risks to financial stability. The collapse and de-peg of certain stablecoins since the outbreak of the crypto-asset market turmoil in 2022 highlights the potential fragility of stablecoins that are… Read more
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U.S. Department of the Treasury: 2024 National Strategy for Combating Terrorist and Other Illicit Financing
Outreach to the industry to ensure that VASPs engaged in money transmission and business activities in the United States are registered and comply with all AML/CFT requirements and sanctions obligations. Hold financial institutions accountable that fail to meet AML/CFT requirements and sanctions obligations. Cooperate with foreign jurisdictions that have weak or non-existent AML/CFT regimes for… Read more
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[Presto Research] Market Making:Predatory or Essential?
![[Presto Research] Market Making:Predatory or Essential?](https://web3accountant.online/wp-content/uploads/2024/08/PRES.jpg)
Market makers contribute significantly to reducing volatility and transaction costs by providing substantial liquidity, ensuring efficient trade execution, fostering investor confidence, and enabling smoother market operations. Market makers utilize various structures to provide liquidity, most commonly token loan agreements and retainer models. In the token loan agreement, market makers borrow tokens from the project to… Read more