Author: Wei Xiang
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[Bitcoin Policy Institute] The Case for Bitcoin as a Reserve Asset
Bitcoin possesses some unique investment characteristics that could help central banks diversify against several risks, including those related to inflation, geopolitical tensions, capital controls, sovereign default, bank failures, and financial sanctions. To the extent that gold is a reserve asset, so is Bitcoin https://www.btcpolicy.org/articles/the-case-for-bitcoin-as-a-reserve-asset Read more
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[BINANCE] Spot ETFs in Crypto Markets
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MAS Announces Plans to Support Commercialisation of Asset Tokenisation
Singapore, 4 November 2024… The Monetary Authority of Singapore (MAS) today announced plans to advance tokenisation in financial services. These include: Deepening liquidity of tokenised assets through formation of commercial networks: By connecting a broader set of participants’ products and services across multiple currencies and assets, greater improvements in capital raising, secondary trading, asset servicing… Read more
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[cryptio] Accounting and reporting best practices for stablecoin issuers
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[Global Fintech INSTITUTE] Major Regulatory Challenges for the DigitalAssets Industry in the Asia-Pacific Region
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HR in Smart Contracts
In the Web3 world, smart contracts are decentralized, self-executing agreements written into blockchain code. Unlike traditional systems where central entities control contracts, smart contracts operate without intermediaries, promoting transparency, automation, and efficiency. Key Features of Smart Contracts in Web3: Application in HR: Smart contracts digitize employment agreements with predefined terms, automating events like salary payments… Read more
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[S&P Global] Tokenized Private Credit: A New Digital Frontier for Real World Assets
Tokenization could help to address some inherent challenges in private credit, potentially facilitating enhanced liquidity, efficiency, and transparency. The firm, then known as Cadence, issued its first tokenized private debt product in 2019, intending to cut back-office costs by standardizing and re-using smart contract templates for structured offerings. It ran into three problems at the… Read more
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[Enterprise Singapore] SINGAPORE VENTURE FUNDING LANDSCAPE 2024
The government allocates funds to Singapore’s leading innovation institutions and R&D talent across four strategic domains through the Research, Innovation, and Enterprise (RIE) Plan to foster the development and commercialization of frontier technologies. Read more
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[The Accountant Quits] Best Practices for Accounting Firms to Onboard Crypto Clients
One of the most important parts of running a crypto accounting practice is having a fleshed-out strategy for vetting and onboarding clients. Some potential clients are a can of worms and you might not want to work with them. It’s important to figure out what your ideal crypto client is and build a strong pipeline,… Read more
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[pwc] Taking stock of Singapore’s FinTech landscape, 2024
Based on the FinTech’s state of play 2.0 survey results, the top three sectors of FinTech by count of companies are: Payments, Web3,RegTech.The count of Web3 companies has grown significantly from just 5% of the Singapore FinTech ecosystem in 2022 to 16% in 2024. Number of Web3, InsurTech and ESGTech companies continues to grow while… Read more