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Category: Compliance

  • [HKMA] Explanatory Note on Licensing of Stablecoin Issuers

    [HKMA] Explanatory Note on Licensing of Stablecoin Issuers

    Wei Xiang

    While this Note summarises a number of principal provisions of the SO, the Guideline on Supervision of Licensed Stablecoin Issuers (“Supervisory Guideline”) and the Guideline on Anti-Money Laundering and CounterFinancing of Terrorism (For Licensed Stablecoin Issuers) (“AML/CFT Guideline”), this Note is not intended to be a comprehensive guide to the wide variety of compliance issues… Read more

  • [BIS] Stablecoin growth – policy challenges and approaches

    [BIS] Stablecoin growth – policy challenges and approaches

    Wei Xiang

    This Bulletin takes stock of the current state of the stablecoin market and assesses the key policy challenges surrounding the circulation of stablecoins in public blockchains. Although stablecoins bear some resemblance to conventional financial products (such as MMFs, or money market exchange-traded funds), they present a unique set of challenges given their borderless and pseudonymous… Read more

  • [Cryptopolitan] GLOBAL CRYPTOCURRENCY REGULATION IN 2025

    [Cryptopolitan] GLOBAL CRYPTOCURRENCY REGULATION IN 2025

    Wei Xiang

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    Cryptocurrency regulation in 2025 has undergone a profound transformation.The global legal response to digital assets is no longer exploratory; it has matured into a multi-tiered framework that separates compliant jurisdictions from restrictive or ambivalent ones. The acceleration of regulatory development, particularly following the 2021-2023boom-bust cycles and a new global political climate post-Trump has left crypto… Read more

  • [CHASING MAVERICKS] Understanding Kenya’s new Excise duty on Digital Assets

    [CHASING MAVERICKS] Understanding Kenya’s new Excise duty on Digital Assets

    Wei Xiang

    Kenya’s 2025 Finance Act introduced a shift in how the Government taxes virtual asset transactions. After collecting about KSh 1.1 billion in revenue from a 3% Digital Asset Tax (“DAT”) over 21 months (September 2023–June 2025), the Government has repealed that turnover-based tax and replaced it with an excise duty on transaction fees. This change aims to… Read more

  • [dynamic] The 2025 Stablecoin Playbook

    [dynamic] The 2025 Stablecoin Playbook

    Wei Xiang

    ,

    This report was created to help product builders, fintech teams, and developers understand how to navigate the stablecoin landscape with clarity and confidence. It breaks down the mechanics of stablecoins, the infrastructure required to use them, and the regulatory context shaping their future. Whether you’re exploring payments, remittances, or neobank products, this guide offers practical… Read more

  • [The White House] STRENGTHENING AMERICAN LEADERSHIP IN DIGITAL FINANCIAL TECHNOLOGY

    [The White House] STRENGTHENING AMERICAN LEADERSHIP IN DIGITAL FINANCIAL TECHNOLOGY

    Wei Xiang

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    The digital asset industry plays a crucial role in innovation and economic development in the United States, as well as our Nation’s international leadership. It is therefore the policy of my Administration to support the responsible growth and use of digital assets, blockchain technology, and related technologies across all sectors of the economy, including by:(i)… Read more

  • [GLI] Legal considerations in the minting, marketing and selling of NFTs

    [GLI] Legal considerations in the minting, marketing and selling of NFTs

    Wei Xiang

    ,

    In recent years, the rise of digital content consumption and collecting has raised the challenge of proving the “original” version of a work that can be easily replicated. This issue hinders the development of a digital ownership economy, as most current models operate under a digital license economy where users lose access once subscriptions end… Read more

  • [Antony Martini] Luxembourg’s Tokenization Framework: A Compliance Playbook for the Future of Finance

    [Antony Martini] Luxembourg’s Tokenization Framework: A Compliance Playbook for the Future of Finance

    Wei Xiang

    Luxembourg has established itself as Europe’s leading jurisdiction for tokenization through progressive legislation, EU regulatory alignment, and proactive engagement with industry stakeholders. This briefing outlines the current regulatory landscape, sectorspecific applications, compliance challenges, and strategic opportunities for financial services professionals operating in the Luxembourg tokenization ecosystem. Core Regulatory Foundations Luxembourg’s strategic approach to tokenization regulation… Read more

  • [HKMA] Guideline on Anti-Money Laundering and Counter-Financing of Terrorism (For Licensed Stablecoin Issuers)

    [HKMA] Guideline on Anti-Money Laundering and Counter-Financing of Terrorism (For Licensed Stablecoin Issuers)

    Wei Xiang

    This Guideline provides guidance to assist a licensee to understand the money laundering and terrorist financing (ML/TF) risks associated with regulated stablecoin activities and sets out the relevant anti-money laundering and counter-financing of terrorism (AML/CFT) regulatory requirements for the licensee to address such risks. A licensee should meet these requirements in order to comply with… Read more

  • [Professor David LEE Kuo Chuen] The impact of stablecoins on traditional enterprises: Policy, Regulation, Technology, Risks & Opportunities

    [Professor David LEE Kuo Chuen] The impact of stablecoins on traditional enterprises: Policy, Regulation, Technology, Risks & Opportunities

    Wei Xiang

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    2025 Earning Season: Major Banks’ Stablecoin Plans Regulatory Landscape Tech Adoption Drivers Key Risks Enterprise Opportunities “Adapt or Be Disrupted” https://www.linkedin.com/posts/david-lee-kuo-chuen-%E6%9D%8E%E5%9B%BD%E6%9D%83-cftp-07750baa_stablecoins-blockchain-fintech-activity-7356732426900922371-6ITp?utm_source=share&utm_medium=member_desktop&rcm=ACoAAE_EU0EBgQehuLK2hm3Vbawypc5SyhwtDkE Read more