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Author: Wei Xiang

  • [Forvis Mazars] Custody & Controls for Safeguarding Crypto Assets

    [Forvis Mazars] Custody & Controls for Safeguarding Crypto Assets

    Wei Xiang

    The onboarding and management of crypto assets can require robust security measures. Experienced guidance is essential to thoroughly gauge and enhance your controls, policies, and processes. Why Custody & Controls Matter Custody and controls can help you: About Forvis Mazars Forvis Mazars is one of the largest U.S. public accounting firms. With 40,000 professionals in… Read more

  • [CNBC] Senate passes GENIUS stablecoin bill, giving crypto industry first major legislative win

    [CNBC] Senate passes GENIUS stablecoin bill, giving crypto industry first major legislative win

    Wei Xiang

    Key Points: The Senate passed the GENIUS Act, a landmark bill that for the first time establishes federal guardrails for U.S. dollar-pegged stablecoins and creates a regulated pathway for private companies to issue digital dollars with the blessing of the federal government. Disrupting legacy rails Stablecoins are a subset of cryptocurrencies pegged to the value of real-world… Read more

  • [ripple] Securing the UKʼs competitiveness in crypto-asset regulation

    [ripple] Securing the UKʼs competitiveness in crypto-asset regulation

    Wei Xiang

    Global lessons and challenges for the UK in regulating crypto-assets The UK already boasts a globally leading, competitive financial services centre with particular strengths in fintech, FX, capital markets, insurance and professional services. Leveraging this strong foundation, the UK can significantly benefit from the integration of crypto-assets and blockchain technologies. Blockchain technology enables direct transactions… Read more

  • [coinbase] THE FUTURE OF MONEY IS HERE AND IT’S ONLY JUST BEGUN

    [coinbase] THE FUTURE OF MONEY IS HERE AND IT’S ONLY JUST BEGUN

    Wei Xiang

    16 years after the launch of bitcoin – and with it, the modern blockchain – it is safe to say that the future of money is here. Claimed ownership of crypto is more common than many think; stablecoin transfer volumes have reached unprecedented levels; more than a third of small and medium businesses use crypto… Read more

  • [BINANCE] The Evolution of Tokens Over The Years

    [BINANCE] The Evolution of Tokens Over The Years

    Wei Xiang

    The cryptocurrency industry has undergone a dynamic evolution, marked by cycles of exuberance, disillusionment, and iterative progress, From the meteoric rise of Initial Coin Offerings (ICOs) to the decentralized finance (DeFi) boom and the emergence of Internet Capital Markets (ICM) today, each of these phases have been characterized by bold experimentation, followed by setbacks from… Read more

  • [coingecko] 2025 RWA Report: When Crypto Gets Real

    [coingecko] 2025 RWA Report: When Crypto Gets Real

    Wei Xiang

    Changes to the RWA Landscape Market Cap of Fiat-backed Stablecoins Fiat-backed stablecoin market cap climbed by +$97B (+76%) between 2024 – 2025, ending April at a new all-time high of $224.9B amidst a crypto bull cycle. The growth in stablecoin market cap can mainly be attributed to USDT and USDC, which added +$56.3B and +$37.6B… Read more

  • MAS Clarifies Regulatory Regime for Digital Token Service Providers

    MAS Clarifies Regulatory Regime for Digital Token Service Providers

    Wei Xiang

    The Monetary Authority of Singapore (MAS) clarified the applicable scope for its Digital Token Service Providers (DTSPs) regime. MAS issued on 30 May 2025 its response to feedback received  on the Consultation Paper on Proposed Regulatory Approach, Regulations, Notices and Guidelines for DTSPs under the Financial Services and Markets Act 2022. We would like to provide clarification… 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

    What are “Digital Tokens”? What are DT Services? What are (not) DT Services? “(a) any service provided by any technical service provider that supports the provision of any digital token service, but that does not at any time enter into possession of any money or digital token under that digital token service, such as –… Read more

  • [Medium] Hong Kong SFC Considers Introducing Virtual Asset Derivatives Trading

    [Medium] Hong Kong SFC Considers Introducing Virtual Asset Derivatives Trading

    Wei Xiang

    Hong Kong SFC Mulls Virtual Asset Derivatives Trading On June 4, Christopher Hui noted that the Hong Kong SFC is studying the possibility of allowing professional investors to trade virtual asset derivatives, and will implement sound risk management frameworks. This initiative will further diversify Hong Kong’s financial product landscape while maintaining a safe and transparent… Read more

  • [PwC] Unlocking the future of payments and finance in MENA and the UAE with stablecoins

    [PwC] Unlocking the future of payments and finance in MENA and the UAE with stablecoins

    Wei Xiang

    The MENA region, particularly the UAE, has emerged as a leading market for stablecoin and established itself as a dominant virtual asset hub in the region. With the UAE’s national strategic goal to establish itself as a leader in blockchain and cryptocurrency innovation, it benefits from an early-mover advantage in positioning itself as a market… Read more