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Author: Wei Xiang

  • [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

  • [galaxy] The Digital Asset Investable Universe Comprehensive Guide

    [galaxy] The Digital Asset Investable Universe Comprehensive Guide

    Wei Xiang

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  • How to run your startup in a down cycle by SEQUOIA

    How to run your startup in a down cycle by SEQUOIA

    Wei Xiang

    Prepare your Mind Confront your reality Confront your fear Courage over fear Crisis → Opportunity Prepare Your Team Start with Why Reaffirm your mission and values Showcase your leadership Align your team Ask for commitment Prepare Your Company Cash & cash flow Create financial degrees of freedom Concentrate investments in your future Constraints → Creativity Read more

  • [OECD] Bringing Tax Transparency to Crypto-Assets

    [OECD] Bringing Tax Transparency to Crypto-Assets

    Wei Xiang

    Where financial activities that are relevant for tax purposes take place offshore, it is especially difficult for tax authorities from the jurisdictions in which taxpayers are resident to have visibility over the offshore income and wealth of their taxpayers to ensure that it is properly declared and taxed. This led to the development of the… Read more

  • [DFSA] Regulation of Crypto Tokens

    [DFSA] Regulation of Crypto Tokens

    Wei Xiang

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