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Author: Wei Xiang

  • [BIS] The next-generation monetary and financial system

    [BIS] The next-generation monetary and financial system

    Wei Xiang

    Key takeaways The past several years have seen a wave of digital innovation that opens up unprecedented possibilities for money and finance. This papper discusses how central banks can light the path to the next generation of the monetary and financial system. This is a system designed to expand the quality, scope and accessibility of… Read more

  • [coingecko] 2025 Crypto Liquidity on CEXes

    [coingecko] 2025 Crypto Liquidity on CEXes

    Wei Xiang

    Beyond just utility and tokenomics, liquidity has quickly become an important metric for any crypto asset. In simple terms, it is a measure of how easily an asset can be traded at the market price, vs costing the trader in slippage. It is also an indication of how volatile a price of a coin can… Read more

  • [Chambers and Partners] Blockchain 2025 – SINGAPORE

    [Chambers and Partners] Blockchain 2025 – SINGAPORE

    Wei Xiang

    Singapore has built upon its strengths as a global financial centre to become a leading global blockchain hub. It is home to a healthy blockchain ecosystem, comprising numerous players at the forefront of trends in areas such as asset tokenisation, cryptocurrency trading and custody, supply chain, insurance, digital identity and mobility. This enviable position has… Read more

  • [Artemis] Stablecoins Market Map 2025

    [Artemis] Stablecoins Market Map 2025

    Wei Xiang

    StablecoinsMap.com is a comprehensive, visualized market map of the global stablecoin ecosystem. The site organizes and presents the key players, infrastructure, and trends shaping the stablecoin market — one of the fastest-growing areas in digital assets. It highlights: The platform is designed to help investors, builders, and researchers quickly understand the stablecoin landscape and identify… Read more

  • MAS Imposes Composition Penalties against Five Major Payment Institutions

    MAS Imposes Composition Penalties against Five Major Payment Institutions

    Wei Xiang

    Singapore, 27 June 2025… The Monetary Authority of Singapore (MAS) has imposed composition penalties amounting to S$960,000 in total on five Major Payment Institutions (MPIs), which are licensed to provide cross-border money transfer services, for breaches of MAS’ Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) requirements.  The breaches were identified during MAS’ examinations… Read more

  • [Thomson Reuters] How the GENIUS Act impacts stablecoin tax and accounting reporting standards

    [Thomson Reuters] How the GENIUS Act impacts stablecoin tax and accounting reporting standards

    Wei Xiang

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    On June 17, 2025, the U.S. Senate passed the Guiding and Establishing National Innovation for U.S. Stablecoins Act—better known as the GENIUS Act. This legislation introduces a comprehensive federal framework for the regulation of payment stablecoins. For tax and accounting professionals, the GENIUS Act is more than just a policy milestone—it’s a signal that stablecoins are entering the mainstream… Read more

  • [ripple] Agenda Consultation Invitation to Comment

    [ripple] Agenda Consultation Invitation to Comment

    Wei Xiang

    We appreciate the opportunity to provide input on potential future agenda items for the FASB (the “Board”), from the perspective of a private company preparer and an active participant in the evolving digital asset 1 space. Accounting for Crypto Creators – Aligning Standards with Economic Reality We want to highlight a significant gap in the… Read more

  • [GFI] FSMA 新规对数字代币服务提供商（DTSPs）的影响

    [GFI] FSMA 新规对数字代币服务提供商（DTSPs）的影响

    Wei Xiang

    会议概述 本次名为《FSMA 新规对数字代币服务提供商(DTSPs)的影响》的座谈会由全球金融科技学院(GFI)主办,重点聚焦于新加坡即将实施的《金融服务与市场法案》(FSMA),并特别关注其对数字代币服务提供商(DTSPs)的影响｡会议首先由 GFI 介绍其使命与专业认证项目,随后就 FSMA 的背景､适用范围及对行业参与者的运营影响进行了深入探讨｡超过 220 名参与者在线出席了本次活动,并积极参与了问答互动环节｡ 精选语录 主要见解与启示 挑战与争议 总结 座谈会深入探讨了新加坡即将实施的 FSMA 框架,重点涵盖以下方面： 与会者一致认为,企业必须全面理解 FSMA 的定义与监管逻辑,并据此重新评估自身业务是否落入监管范畴｡ 会议最后强调： Read more

  • [GFI] THE IMPACT OF FSMA’S NEW REGULATIONS ON DIGITAL TOKEN SERVICE PROVIDERS (DTSPs)

    [GFI] THE IMPACT OF FSMA’S NEW REGULATIONS ON DIGITAL TOKEN SERVICE PROVIDERS (DTSPs)

    Wei Xiang

    This panel, The Impact of FSMA’s New Regulations on Digital Token Service Providers (DTSPs), organized by the Global Fintech Institute (GFI), focused on the upcoming implementation of the Financial Services and Markets Act (FSMA) in Singapore, with particular attention to its effects on Digital Token Service Providers (DTSPs). The session began with an introduction to… Read more

  • [App Economy Insights] WTF are Stablecoins?

    [App Economy Insights] WTF are Stablecoins?

    Wei Xiang

    Circle just pulled off one of the hottest IPOs of the year. It’s nearly tripled on day one. The deal was 25× oversubscribed. Why all the excitement over a company that makes… a $1 coin? Welcome to the strange and powerful world of stablecoins—crypto’s most misunderstood corner, and maybe its most useful one. A Dollar That… Read more