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Author: Wei Xiang

  • A&D Forensics Manager Sewe Wycklife // Web3 Accountant Radio Ep16 Transcript

    Wei Xiang

    A&D Forensics Manager Sewe Wycklife // Web3 Accountant Radio Ep16 Transcript Sewe Wycklife is the Manager of A&D Forensics A&D Forensics trace, investigate blockchain and cryptocurrency related frauds, scams, ICO frauds and exit scams. They also train and help our customers stay compliant by avoiding the murky waters of blockchain and cryptocurrency. In this conversation,… Read more

  • Nara Labs Co-founder Penuil Jr Catingub // Web3 Accountant Radio Ep15 Transcript

    Wei Xiang

    Nara Labs Co-founder Penuil Jr Catingub // Web3 Accountant Radio Ep15 Transcript Penuil Jr Catingub is the Co-founder of Nara Labs. Nara Labs provide Digital Marketing, Events and Accounting Services to Web3 projects and brands.. In this conversation, we dive into: 1. How is the crypto accounting scene in Phillipine 2. More customers looking for… Read more

  • Zavior Founder/CEO Glenn Tan // Web3 Accountant Radio Ep14 Transcript

    Wei Xiang

    Zavior Founder/CEO Glenn Tan // Web3 Accountant Radio Ep14 Transcript Glenn Tan is the Founder/CEO of Zavior Zavior aims to enable businesses towards achieving continuous compliance with its AI powered platform. They are on a mission to allow organizations to scale their business by simplify compliance and cyber security for all. In this conversation, we… Read more

  • [pwc] 6th Annual Global Crypto Hedge Fund Report

    [pwc] 6th Annual Global Crypto Hedge Fund Report

    Wei Xiang

    Digital asset investments rise as regulatory clarity and ETFs boost confidence: Nearly half (47%) of traditional hedge funds surveyed this year have exposure to digital assets, up from 29% in 2023 and 37% in 2022. More sophisticated investment strategies, shifting to derivatives: There has been a notable shift towards derivative trading in digital assets by… Read more

  • [Deloitte] IFRS in your pocket 2024

    [Deloitte] IFRS in your pocket 2024

    Wei Xiang

    Most jurisdictions have reporting requirements for listed and other types of entities that include presenting financial statements that are prepared in accordance with a set of generally accepted accounting principles. IFRS Accounting Standards provide such a set of principles and are used extensively around the world. IFRS in your pocket is a comprehensive summary of… Read more

  • [ICAEW] CONSIDERATIONS FOR AUDITING CRYPTOCURRENCIES

    [ICAEW] CONSIDERATIONS FOR AUDITING CRYPTOCURRENCIES

    Wei Xiang

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    Reporting virtual asset transactions entails the following procedures: Companies that keep cryptocurrencies on behalf of others, as well as their own, need to have in place processes and controls to: Auditors obtain an understanding of management’s process for pricing cryptocurrencies to evaluate whether accounting and disclosure requirements are ‘appropriate and consistent with the applicable financial… Read more

  • [Coincub] Crypto Tax Report 2024

    [Coincub] Crypto Tax Report 2024

    Wei Xiang

    The global long-term personal crypto tax rate averages 11.12%, while the average short-term rate averages 17.3%. However, several countries deviate significantly from these averages, imposing higher tax rates or offering tax incentives for long-term holdings. Countries like the United Arab Emirates, Cayman Islands, Bermuda, and Switzerland have positioned themselves as crypto tax havens, offering zero or minimal… Read more

  • [LAUNCH FACTOR] From Blockchain to Business: A Professional Service Firm’s Guide to Web3 Onboarding

    [LAUNCH FACTOR] From Blockchain to Business: A Professional Service Firm’s Guide to Web3 Onboarding

    Wei Xiang

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    Partner with Launch Factor for streamlined back-office accounting solutions. WHAT TO PREPARE: COMMON MISTAKES TO AVOID: IDEAL CLIENT TRAITS: Read more

  • Navigating a New Frontier: Remote Work

    Navigating a New Frontier: Remote Work

    Wei Xiang

    Global Remote Workforce Trends vs Singapore’s Current Work Type Remote work has become a defining feature of the modern workplace, significantly reshaping how businesses operate worldwide. Accelerated by the COVID-19 pandemic, this shift is now cemented as a permanent, strategic choice for many organizations, including those in the Web3 environment, which thrives on decentralization and… Read more

  • [MAS etc.] INTER-MINISTERIAL COMMITTEE ON ANTI-MONEY LAUNDERING

    [MAS etc.] INTER-MINISTERIAL COMMITTEE ON ANTI-MONEY LAUNDERING

    Wei Xiang

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    The IMC is strengthening the three key pillars of Singapore’s AML framework: Prevent, Detect, Enforce. PROACTIVE PREVENTION Strengthen AML standards for gatekeepers Further support gatekeepers to enhance capabilities to combat money laundering Engage non-regulated sectors to enhance their understanding of ML risks Strengthen mechanisms to deter misuse of companies TIMELY DETECTION Strengthen sensemaking and information-sharing… Read more