Navigating Crypto Payroll Regulations in Asia
Asian fintech startups looking to incorporate cryptocurrency payroll solutions, like using tokens such as Shiba Inu, are up against a lot of regulatory hurdles. The rules vary significantly across the continent, with each country sporting its own unique set of regulations.
One of the first challenges is the licensing and authorization requirements. Each jurisdiction has its own regulatory framework for fintech and digital assets. Take Hong Kong, for example, where the Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA) have laid out guidance on virtual asset-related activities. Startups need to wade through a maze of licensing requirements, and that can take a toll on resources.
Then there’s the issue of…
