News, standards updates and audit guidance for crypto-accounting teams, covering reporting, compliance and regulatory developments.
Taiwan's new omnibus Virtual Asset Service Provider law introduces mandatory licensing and a dedicated stablecoin framework, creating immediate compliance obligations for firms operating in or serving clients in Taiwan.
Taiwan's Legislative Yuan has enacted the country's first comprehensive crypto and stablecoin licensing law, creating mandatory VASP authorisation, stablecoin reserve requirements, and serious criminal penalties for unlicensed operation.
Huione Group has become the largest illicit online marketplace ever recorded, with its own unregulated stablecoin USDH designed to evade asset freezes. Accounting firms and compliance teams need to understand the transaction volumes, the USDH exposure risk, and the AML obligations this creates.
Stablecoin freeze data signals a maturing enforcement infrastructure that accounting firms and auditors must factor into client risk assessments and on-chain asset verification.
The FBI's action against Huione Group, the largest illicit crypto marketplace ever recorded, signals a new baseline for AML due diligence and stablecoin transaction screening at regulated firms.
