Author: Wei Xiang
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[BINANCE] The Evolution of Tokens Over The Years
![[BINANCE] The Evolution of Tokens Over The Years](https://web3accountant.online/wp-content/uploads/2024/08/下载.png)
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
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[coingecko] 2025 RWA Report: When Crypto Gets Real
![[coingecko] 2025 RWA Report: When Crypto Gets Real](https://web3accountant.online/wp-content/uploads/2025/03/下载-5.jpg)
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
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MAS Clarifies Regulatory Regime for Digital Token Service Providers
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
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[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)](https://web3accountant.online/wp-content/uploads/2024/11/下载-3.png)
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
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[Medium] Hong Kong SFC Considers Introducing Virtual Asset Derivatives Trading
![[Medium] Hong Kong SFC Considers Introducing Virtual Asset Derivatives Trading](https://web3accountant.online/wp-content/uploads/2025/06/下载-3.png)
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
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[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](https://web3accountant.online/wp-content/uploads/2025/06/下载-1-1.png)
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
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[Withers Khattarwong] Key considerations for businesses in light of the commencement of Part 9 of the Financial Services and Markets Act 2022 (“FSMA”) relating to digital token service providers (“DTSPs”)
![[Withers Khattarwong] Key considerations for businesses in light of the commencement of Part 9 of the Financial Services and Markets Act 2022 (“FSMA”) relating to digital token service providers (“DTSPs”)](https://web3accountant.online/wp-content/uploads/2025/06/images.jpg)
This note seeks to highlight several key considerations for business that provide services especially for digital payment tokens. Given the very high hurdle to obtaining a FSMA licence indicated by MAS, we believe the more relevant consideration for businesses is whether its activities fall outside FSMA. Territorial scope of FSMA MAS stated in its recent… Read more
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[MAS] Response to Feedback Received on Proposed Regulatory Approach, Regulations and Notices for Digital Token Service Providers issued under the Financial Services and Markets Act 2022
On 4 October 2024, the Monetary Authority of Singapore (“MAS”) issued a consultation paper on the proposed regulatory approach, regulations, notices and guidelines for digital token service providers issued under the Financial Services and Markets Act 2022 (“FSM Act”) (the “consultation paper”). The consultation period closed on 4 November 2024, and MAS would like to… Read more
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[OKX] The Future of Blockchain Applications: Reshaping Global Industries
![[OKX] The Future of Blockchain Applications: Reshaping Global Industries](https://web3accountant.online/wp-content/uploads/2025/02/下载.png)
Blockchain and its many applications are changing the world. Although the last 10 years have been speculative, the next 10 will be defined by blockchain applications redefining major global industries — including financial services, technology, consumer and luxury goods, and sports and entertainment. In particular, the ongoing development of defined blockchain use cases — cryptocurrencies;… Read more
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[MAS] GUIDELINES TO MAS NOTICE FSM-N27 ON PREVENTION OF MONEY LAUNDERING AND COUNTERING THE FINANCING OF TERRORISM
These Guidelines provide guidance to all holders of a licence granted under section 138 of the Financial Services and Markets Act 2022 (“FSM Act”) (hereinafter “digital token service providers”) on the requirements in MAS Notice FSM-N27 on Prevention of Money Laundering and Countering the Financing of Terrorism – Holders of Digital Token Service Licence (“the… Read more