Shanghai Blockchain Technology Association will hold the Global Digital Asset Advanced Training Course from November 22 to 23, focusing on digital assets, stablecoins, and RWA, gathering top experts to share cutting-edge knowledge and practical experience. The course aims to enhance participants' understanding and application of digital assets, promote compliance and innovative development. Limited to 30 seats, registration fee is 19,800 RMB. Upon completion, participants will receive a certificate and exclusive benefits.

In recent years, with the rise of Web3, remote teams, and DAO employment models, more and more companies are trying to pay employees or contractors using stablecoins (such as USDT, USDC).
The reason is simple: cross-border payments are fast, procedures are straightforward, and these currencies are globally circulating. These advantages have made crypto-based payrolls quickly popular.
On the surface, this seems like a natural trend. However, legally, it's far more complicated than just "paying wages in a different way."
From a regulatory perspective, issuing tokens as payroll touches on multiple systems, including currency exchange, payment settlement, anti-money laundering (AML), labor laws, and tax compliance.
Improper operations can easily turn an "innovation" into a violation of regulations.
**01: The Three Main Models of Crypto Payroll**
Based on practical observations, there are currently three primary methods of paying employees with cryptocurrencies:
1. **Self-Disbursement**
The company holds a stablecoin wallet and directly pays wages to employees' wallets.
2. **Third-Party Payroll Service**
The company entrusts a third-party service to handle the payroll distribution.
3. **On-Chain Payroll Platforms**
Utilizing specialized platforms that facilitate payroll payments via blockchain.
(Note: The original text cuts off here, but these are the typical models observed in the industry.)

Cryptocurrency presents new challenges in marital property division due to its anonymity and untraceability, making proof, valuation, and enforcement more complex. Although its status as property is legally recognized, practical issues such as difficulty in providing evidence, inconsistent valuations, and enforcement obstacles arise. To minimize disputes, it is recommended to establish documented evidence and sign written agreements during the marriage, and to seek support from professional legal counsel.

As virtual currencies become more popular, inheritance has emerged as a new legal challenge. The article discusses the legal attributes of cryptocurrencies and the specific difficulties faced during the inheritance process, such as proof of ownership, inheritance mechanisms, technical barriers, and valuation division. It emphasizes that holders should plan their assets in advance to ensure the effective transfer of digital wealth.

This article is aimed at the victims of the "Blue Sky Ge Rui" case from 2014 to 2017. It explains the progress of the case and the subsequent plan; please fill out the registration form at the end of the article, which will be used by the Mankun Law Firm in conjunction with its UK partner law firm to represent you in claiming your rights before the UK court.
According to a report by Reuters, Qian Zhimin has pleaded guilty in Southwark Crown Court in London on September 29, 2025! She is currently in custody awaiting sentencing.
The defense strategy of lawyer Qian Zhiming initially adhered to a not guilty plea, but shifted to a guilty plea in court. This significant change is a key piece of good news for domestic victims, marking a breakthrough in the cross-border recovery efforts of the Lantian Ge Rui case!
We strongly urge all victims: please seize this critical moment and complete the creditor declaration for victims as soon as possible. Only by actively asserting your rights can you secure asset recovery in the future.

Compliance Insights in the MiCA Era
With the continuous influx of traditional financial capital into the cryptocurrency market, more and more investors are beginning to seek stable and reliable cryptocurrency asset investment management services. Especially those investors who are already weary of constantly watching market trends and trying various new strategies, they are eager to plan their cryptocurrency asset portfolios through a more traditional investment management context.
The EU "Markets in Crypto-Assets Regulation" (Regulation (EU) 2023/1114, abbreviated as MiCA) is the world's first unified regulatory framework for crypto assets. It not only imposes comprehensive requirements on exchanges, wallet service providers, and others, but also incorporates innovative businesses such as portfolio management, copy trading, and staking into the regulatory system for the first time.
Under the MiCA framework, there have been several cryptocurrency asset service providers so far.

Every Thursday at 7:30 PM, the Crypto Tavern opens on time! From investment jargon, entrepreneurial stories, hot topic rants, to track predictions and Compliance pitfalls... we use the AMA format to discuss what you want to hear, with industry experts gathering! No limits on themes, easy discussions about Web3! In the face of sudden regulatory winds and high Compliance costs, senior lawyer Mankun will help you gain insights into trends and avoid pitfalls!
This issue is the 14th episode of the Crypto Tavern, focusing on the "crypto circle" daily life of civil and commercial lawyers. Web3 civil and commercial lawyers not only litigate but also deeply engage in on-chain finance, RWA, fund Compliance, and other businesses, assisting projects in achieving Compliance. We invite three experienced lawyers to decode the opportunities and challenges of Web3 legal services, from their personal journeys to business practices!
Guest Self-Introduction
He Fang: Hello everyone, I am He Fang, currently based in Chongqing. I have 20 years of experience as a lawyer, the first 10 years focused on criminal defense, and the last 10 years mainly engaged in non-performing asset business, and I have also built a cover that includes

Recently, the regulatory controversy over stablecoins in Hong Kong has intensified, particularly regarding whether OTC can continue to trade USDT and USDC through in-store listing. The Legislative Council's response on September 10 clearly stated that only licensed institutions can provide stablecoins to investors, and OTC activities are not considered legal. This change requires the market to adjust its operational model, ensuring that the boundaries of "buying" and "selling" are clear to comply with future regulatory requirements.

On September 26, 2025, Shanghai hosted the "Future Lawyers" Evolution Camp, focusing on the impact of legal technology tools on the legal profession. The event shared practical experiences with the digital collaboration tool Feishu and compared AI legal research tools, discussing the development trends of legal technology. Participants gained a deep understanding of the importance of technology in enhancing the efficiency of lawyers' work and looked forward to the intelligent transformation of the legal industry in the future.

Recently, the lawyer team led by Mao Jiehao from Shanghai Mankun Law Firm successfully represented a case involving a dispute over investment in crypto assets mining rigs. After being dismissed in both the first and second trials, the case was ultimately successfully retried in the provincial higher people's court, supporting our client's claims and recovering significant investment losses for the client.
In this case, investors invested a large amount of funds to participate in a crypto assets mining rig project, but failed to obtain the agreed returns and principal repayment. Both the first and second instance courts rejected the claims on the grounds that "the related investment activities involve virtual currency, and losses are to be borne by the investors themselves," leading to a deadlock in the case.
The lawyer team led by Attorney Mao Jiehao from Shanghai Manqun Law Firm has served as the代理律师 since the first trial, continuously arguing with reason. During the retrial phase, the team presented strong arguments and breakthrough paths. Ultimately, the provincial high court accepted our claims, resulting in a case retrial that safeguarded the legitimate rights and interests of investors.
The case fully reflects the capabilities of Shanghai Mankun Law Firm and the lawyer team led by Mao Jiehao in encryption.

Introduction
With Hong Kong passing the "Stablecoin Regulation", the market has sparked a "stablecoin craze". Financial departments in multiple regions including Beijing, Zhejiang, Shenzhen, Suzhou, Chongqing, and Ningxia have continuously issued risk warning announcements, emphasizing that "stablecoins" are being exploited by criminals as a guise for illegal fundraising, financial fraud, and other criminal activities, and their potential risks warrant high vigilance.
Why are emerging concepts such as stablecoins frequently exploited by criminals and used as tools for illegal fundraising, fraud, and other criminal activities?
Why do stablecoins become tools for illegal fundraising risks?
Stablecoins themselves are a neutral technological tool, designed to address the volatility issues of the cryptocurrency market. The emergence of stablecoins as tools for crime in the new era is related to the current trends in blockchain, digital cryptocurrency economy, etc., but their essence is not fundamentally different from early "illegal fundraising" tools, such as "shopping rebates," "referral commissions," "planting," "pension," and so on.

From high cost-performance iGaming licenses to comprehensive Crypto Assets and Financial Service authorizations, this small island in the Comoros is becoming a new force in global issuance.
The secret island with global influence
When people mention global licensing hubs, traditional names such as Malta, Gibraltar, or Curacao are often cited. However, a lesser-known island in the Comoros Union - Anjouan - is rapidly emerging as a new choice due to its cost-effectiveness and business friendliness.
The core of this development is the Anguilla Offshore Financial Management Authority (AOFA). Established in 2001, this agency is the main regulatory body in the island's financial sector, operating under the 2001 Constitution of Comoros, dedicated to governing domestic financial activities with the highest standards of integrity, transparency, and professionalism.
From high-cost performance iGaming licensing to comprehensive Crypto Assets and Financial Service authorizations, this Comoros Islands.

Course Introduction:
Being a lawyer, the income ranges from 200,000 to 10 million. It may seem like just a difference in numbers, but in reality, every step requires crossing a "threshold" of capability.
Many lawyers may have had such doubts in their minds:
Why do I have a lot of cases, but my income is always stuck between 200,000 and 300,000? Clients come to me, but I just can't seem to close the deals? I'm busy every day, but my income still can't break through 1,000,000? I've built a team, but it still feels like everything relies on me?
The answer does not lie in "taking on more cases," but in the leap in core capabilities.
At Mankun, we break down the growth of lawyers into four key stages:
Stage of 200,000: Professional Start. Case sources mainly come from referrals by law firms and acquaintances. Professional abilities are not an issue, but the case acquisition method is somewhat passive. To overcome this step, one must begin to establish a personal brand awareness, allowing clients to find you proactively. Stage of 1,000,000: Brand Initial Formation. There are stable cases.

The year 2025 will be a watershed moment for the development of stablecoins, as global regulatory frameworks accelerate implementation and continue to improve, with the once "gray area" being clearly defined within regulatory boundaries. This market, valued at over $250 billion, is undergoing the pains and transformation from reckless growth to compliance.
The core definition, classification, and importance of stablecoins
(1) Core Definition of Stablecoin
Stablecoin is a special type of cryptocurrency, with the core goal of maintaining value stability (as opposed to cryptocurrencies like Bitcoin and Ethereum that seek price growth). It achieves value anchoring by being pegged to fiat currencies, commodities, or other crypto assets, or relying on algorithms, providing a value benchmark for the highly volatile digital asset market.
Stablecoins essentially play the role of a "bridge asset" connecting the traditional financial world with the crypto digital world. They inherit the technological advantages of cryptocurrencies, such as global reach, 24/7 operation, programmability.

Dear Web3 App project parties, please note: In 2025, Apple and Google are "tightening" their listing policies for Web3 applications.
The main point is very straightforward -
Apple side: Features with trading/investment attributes can only be opened in certified countries/regions, and such apps should in principle be submitted by financial institution entities. Google

With the rise of the RWA (Real World Asset Tokenization) concept, more and more companies are considering:
Can I also move my assets on-chain? Can I also raise funds, provide liquidity, and attract global investors?
But the reality is: RWA is far from being as simple as imagined.
From asset structure design, legal compliance, regulatory reporting, to smart contract deployment and Token issuance and circulation, this is not a "coin issuance" project, but a set of system engineering that spans both on-chain and off-chain.
This article will help you see clearly at a glance:
5 Key Issues Enterprises Need to Address for RWA: What Challenges Can Lawyers Help You Solve at Every Step? Why These Pitfalls Must Be Avoided Sooner or Later.
The first pitfall: assets are not just there because you say so, you need to first "depict" them.
Many projects start by saying they want to do RWA, but —
Unclear about your underlying assets? Are they rights to income, debt rights, or securities? Do they have sustainable returns? Can they be legally transferred?
If these issues are not clear, then