Subscribe Newsletter

Author: Wei Xiang

  • [Robert Half] 2025 Finance and Accounting Salary Guide

    [Robert Half] 2025 Finance and Accounting Salary Guide

    Wei Xiang

    As we step into 2025, Robert Half’s salary guide for Finance and Accounting roles in Singapore reveals some key trends shaping the workforce: 2025 Singapore Accounting and Finance Salary Guide | Robert Half Read more

  • [TRM] 2025 Crypto Crime Report

    [TRM] 2025 Crypto Crime Report

    Wei Xiang

    In 2024, crypto transaction volume1 grew to over USD 10.6 trillion, up 56% since 2023. Illicit volume currently appears to have dropped to USD 45 billion, down 24% since 2023. This represents 0.4% of overall crypto volume and marks a 51% decrease from 2023. TRM now determines that illicit volume accounted for approximately 0.9% of… Read more

  • [TAQ] A Roadmap to Start Auditing Crypto Exchanges

    [TAQ] A Roadmap to Start Auditing Crypto Exchanges

    Wei Xiang

    ,

    Financial auditing is already a complex task, demanding specialized skills and expertise to assess a company’s complete set of books and records. When it comes to crypto companies, these challenges multiply exponentially. Need to verify asset balances? There’s no bank confirmation for that. Trying to validate transaction details? They’re on the blockchain, good luck! Does… Read more

  • [FINTECH NEWS] OJK Takes Over Crypto Oversight in Indonesia from Bappebti

    [FINTECH NEWS] OJK Takes Over Crypto Oversight in Indonesia from Bappebti

    Wei Xiang

    The Financial Services Authority of Indonesia (OJK) has announced new regulations for digital financial assets, including cryptocurrencies, as part of its transition to overseeing the sector. This move follows the mandate outlined in Law Number 4 of 2023 on Financial Sector Development and Strengthening (P2SK Law), which requires the transition of regulatory duties to OJK… Read more

  • [TAQ] How to automate crypto bookkeeping using a crypto sub-ledger & Xero

    [TAQ] How to automate crypto bookkeeping using a crypto sub-ledger & Xero

    Wei Xiang

    If your company deals with crypto, your first instinct might be to grab a CSV from a block explorer and manually categorize all those transaction hashes. Hate to break it to you, but spreadsheets make crypto bookkeeping a nightmare, slow, tedious, and way too time-consuming. Plus block explorers have not been designed for accounting purposes.… Read more

  • [ISCA] Stablecoins 101 (Part 1)

    [ISCA] Stablecoins 101 (Part 1)

    Wei Xiang

    Stablecoins are digital assets designed to maintain a stable value by pegging to a reserve asset such as fiat currency, commodity, or algorithmic mechanisms. Their primary purpose is to mitigate the volatility inherent in traditional cryptocurrencies like Bitcoin and Ethereum. Types of stablecoins Fiat-collateralised stablecoins dominate the stablecoin market, typically accounting for over 90% of the… Read more

  • [Continuum] Protecting Digital Assets: Essential Tips for Financial Security

    [Continuum] Protecting Digital Assets: Essential Tips for Financial Security

    Wei Xiang

    Digital assets, encompassing cryptocurrencies, digital tokens, and other blockchain-based financial instruments, have become integral components of the modern financial ecosystem. As businesses increasingly engage with the sector, protecting digital assets through a combination of secure storage backed up by specialized insurance coverage has never been more critical. Traditional insurance policies often fall short in addressing… Read more

  • SFC extends swift licensing process to new virtual asset trading platform applicants

    SFC extends swift licensing process to new virtual asset trading platform applicants

    Wei Xiang

    The Securities and Futures Commission (SFC) announced that all new virtual asset trading platform (VATP) applicants can now seek licences under its swift licensing process. This new licensing approach requires VATP applicants to implement their policies, procedures, systems and controls before conducting an external assessment on these measures. The SFC will become a party to… Read more

  • [CAMUSO|CPA] Web3 Accounting: Setting Up Your Chart of Accounts

    [CAMUSO|CPA] Web3 Accounting: Setting Up Your Chart of Accounts

    Wei Xiang

    Establishing a Robust Chart of Accounts for Your Web3 Business In the ever-evolving landscape of Web3, setting up an accounting system tailored to your business is crucial. One of the foundational steps in this process is establishing a robust Chart of Accounts (COA). This guide delves into the intricacies of creating a COA, providing you… Read more

  • [KPMG] Crypto intangible assets

    [KPMG] Crypto intangible assets

    Wei Xiang

    This KPMG report provides a comprehensive guide to the accounting treatment of crypto intangible assets under U.S. GAAP, focusing on entities that are not broker-dealers or investment companies. Key Points: Read more