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Category: Compliance

  • [Mauro Lorenzo Halve] Crypto Asset Service Providers List Under MiCAR – 31 July, 2025

    [Mauro Lorenzo Halve] Crypto Asset Service Providers List Under MiCAR – 31 July, 2025

    Wei Xiang

    The European crypto regulatory landscape is transforming under the Markets in Crypto-Assets Regulation (MiCAR). Recent updates to the CASP register show a growing list of authorized and notified firms across multiple EU jurisdictions — signaling that the MiCAR era is truly here. Key observations: Read more

  • [ANDERSEN] Growing tax net for digital assets demands robust legal review

    [ANDERSEN] Growing tax net for digital assets demands robust legal review

    Wei Xiang

    Partner and Head of Web3 & Disruptive Technology, Zoe Wyatt, and Crypto Tax & Accounting Technical Director, Dion Seymour, discuss the implications of the OECD’s extension of the CRS, in Bloomberg Tax. As digital assets continue to challenge traditional financial systems, the OECD has launched a dual-pronged approach to modernize tax transparency that represents a seismic shift… Read more

  • [REFORM UK] Cryptoassets and Digital Finance Bill

    [REFORM UK] Cryptoassets and Digital Finance Bill

    Wei Xiang

    The Bill sets out a bold, post-Brexit roadmap to make the United Kingdom the world’s premier hub for cryptocurrency and blockchain innovation. 10% Capital Gains Tax on Crypto Two-Year Regulatory Sandbox Banking Non-Discrimination Duty Sovereign Bitcoin Reserve Fund Paying Taxes in Cryptocurrency Rapid Policy-Making Timelines Any government taskforce or commission on crypto is limited to… Read more

  • [EY] President Trump signs the nation’s first federal digital asset regulation into law

    [EY] President Trump signs the nation’s first federal digital asset regulation into law

    Wei Xiang

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    On July 18, 2025, President Trump signed into law the Guiding and Establishing National Innovation for U.S. Stablecoins Act, also known as the GENIUS Act. The GENIUS Act marks the first US federal law providing a broad legal framework for digital assets products, including oversight and requirements for payment stablecoins. In doing so, it aims… Read more

  • [CFO DIVE] GENIUS Act leaves stablecoin accounting, risk gaps

    [CFO DIVE] GENIUS Act leaves stablecoin accounting, risk gaps

    Wei Xiang

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    U.S. lawmakers nudged open the door to greater stablecoin adoption with a series of crypto- and digital asset-related acts last week — with President Donald Trump signing the GENIUS Act into law and the House of Representatives passing both the Digital Asset Market Clarity Act of 2025 or CLARITY Act, as well as the Anti-Central Bank Digital Currency Surveillance… Read more

  • [SDM] Q2 2025 Market Overview

    [SDM] Q2 2025 Market Overview

    Wei Xiang

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    Q2 wasn’t defined by price moves—it was shaped by shifts beneath the surface. While digital asset markets remained relatively stable, corporate adoption advanced and policymakers started catching up. In the U.S., the Senate passed the GENIUS Act, the first major federal crypto legislation designed to put stablecoins on a path toward regulatory clarity. The downstream… Read more

  • 10 digital asset lawyers and 10 compliance experts based in Singapore and Hong Kong

    10 digital asset lawyers and 10 compliance experts based in Singapore and Hong Kong

    Wei Xiang

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    🚨 Crypto is heating up again — and with that comes a fresh wave of legal and compliance questions. Whether you’re launching a token, structuring a fund, or navigating VASP licensing, having the right professionals in your corner is critical. To help, We have put together a curated list of 10 digital asset lawyers and… Read more

  • [BitKE] The Kenya Virtual Assets Providers Bill 2025 Gets Gazetted Ready for Discussion in Parliament

    [BitKE] The Kenya Virtual Assets Providers Bill 2025 Gets Gazetted Ready for Discussion in Parliament

    Wei Xiang

    Kenya’s proposed Virtual Assets Bill seeks to regulate the crypto space by requiring all firms and individuals involved in virtual asset exchange to be formally licensed and to maintain a physical presence within the country. “The businesses and affairs of a licensee shall be managed by at least three directors of whom at least three… Read more

  • [Chambers and Partners] Blockchain 2025 – SINGAPORE

    [Chambers and Partners] Blockchain 2025 – SINGAPORE

    Wei Xiang

    Singapore has built upon its strengths as a global financial centre to become a leading global blockchain hub. It is home to a healthy blockchain ecosystem, comprising numerous players at the forefront of trends in areas such as asset tokenisation, cryptocurrency trading and custody, supply chain, insurance, digital identity and mobility. This enviable position has… Read more

  • MAS Imposes Composition Penalties against Five Major Payment Institutions

    MAS Imposes Composition Penalties against Five Major Payment Institutions

    Wei Xiang

    Singapore, 27 June 2025… The Monetary Authority of Singapore (MAS) has imposed composition penalties amounting to S$960,000 in total on five Major Payment Institutions (MPIs), which are licensed to provide cross-border money transfer services, for breaches of MAS’ Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) requirements.  The breaches were identified during MAS’ examinations… Read more