Exchanges are racing into tokenized U.S. stocks, but the same label covers three legally distinct products with very different tax treatment. We break down their definitions and structures, and the tax and CARF/CRS compliance issues facing issuers and individual investors.
On April 10, 2026, the Hong Kong Monetary Authority issued the first batch of stablecoin issuer licenses under the Stablecoin Ordinance. Licensed institutions are HSBC and Anchorpoint Financial Limited. This article analyzes HKMA approval requirements beyond the statutory threshold and the regulatory direction after the licensing regime takes effect.
This report summarizes major tax and supervisory developments in the global crypto-asset industry during the first half of September 2026.
This report summarizes major tax, accounting and supervisory developments in the global crypto-asset industry during the second half of August 2026.
CARF Reporting Nexus rules determine where global crypto platforms must report by applying nexus hierarchies, Partner Jurisdiction exemptions, Branch rules, and local requirements across multiple jurisdictions.
Singapore’s CARF implementation sets out Reporting SGCASP classification, due diligence and reporting obligations, while highlighting regulatory certainty, Hong Kong comparisons, impacts on key crypto business models.
This report summarizes major tax, accounting and supervisory developments in the global crypto-asset industry during the first half of August 2026.
This report summarizes major tax and supervisory developments in the global crypto-asset industry during the second half of July 2026.
MiCA is the European Union’s first unified regulatory framework for crypto-assets.
This report summarizes major tax and regulatory developments in the global crypto-asset industry during the first half of July 2026.
As 2026 gets underway, the global crypto industry is going through a series of structural shifts.
This report summarizes the key tax and regulatory developments in the global crypto asset industry in the second half of June 2026.
