The firm, Bitcoin Exchange, has purchased a Lamassu unit that it expects will arrive mid-March. It plans to install more ATMs if the first unit is well received. Zann Kwan, one of the company’s directors, said: “The good thing is that the Singapore government has left bitcoin alone. Jul 07, · View Zann Kwan, 关旨斌, CFA, CA, FCCA’S profile on LinkedIn, the world’s largest professional community. Zann has 4 jobs listed on their profile. See the complete profile on LinkedIn and discover Zann’s connections and jobs at similar companies+ connections. Nov 22, · Huge thanks to Zann Kwan, Co-Founder at Bitcoin Exchange, in participating to this! About SHE Blockchainers: Bitcoin and Cryptocurrency Update (Mon .
Bitcoin exchange zann kwanSingapore’s First Bitcoin ATM to Arrive in March - feuerwehr-matzenbach.de
Ms Kwan is the co-founder of Bitcoin Exchange Pte Ltd, a cryptocurrency pioneer that launched the first public bitcoin machine in Asia in early With her team, she also co-founded the Deodi Protocol, a decentralized protocol onboarding the underserved. She has also presented at various cryptocurrency conferences and events organised by leading universities, societies and leading financial institutions in the region.
Subsequently, she worked in real estate investments in New York City, covering assets in hospitality, retail, office, industrial and mixed-used developments.
She has led teams on a range of operations, such as fund-raising, deal sourcing, due diligence, asset management and disposition. What began as serendipitous encounters in New York eventually turned out to be a fulfilling career in real estate investment. By , Kwan had established a credible reputation in the industry. She had an impressive resume that included serving as vice president in two real estate investment companies in New York, as well as being vice president for real estate at GIC — a sovereign wealth fund established by the Singapore government to manage its foreign reserves.
It therefore came as a surprise to friends and associates when Kwan launched a company that dealt with cryptocurrency in At that point, she says, many people held unfavourable opinions about the industry, associating cryptocurrencies with drugs and other vices.
On top of this, during her time in the real estate business, Kwan had observed how tech companies tended to make good property clients. Just a year later, she dramatically took the next step. As she was about to give birth to her first baby, an old friend in New York called to tell her that he had bought a bitcoin ATM and asked if she would be interested in bringing it to Singapore.
Let me look into it after I give birth. Like many entrepreneurs, Kwan soon discovered that she would have to overcome numerous challenges in order to reach her objective. The first was finding a landlord who would be willing to house her ATM machine.
Then there were the regular rigours of running a start-up business, from administration to operations and everything in between. However, she found that her background in accounting gave her a leg-up in certain areas such as cashflow. Another thing that Kwan brought to the table was her understanding of how to implement proper business controls. She shares that in the early days of bitcoin, there were hardly any finance professionals or accountants in the business.
This is why I keep stressing how important strong controls are in a start-up. But you need a paper-and-process trail minimally so that you are able to scale. By , Kwan realised that in order for her business to be successful, she would also need to do something to change public perceptions of cryptocurrencies, and help create a more robust and connected ecosystem between stakeholders and the government.
That negative image was not unsimilar to that of the internet and mobile phone industries in their nascent years. We knew that we needed to speak as one voice, to get more support from the government and industry leaders. These included working with the Monetary Authority of Singapore through ACCESS to come up with a code of practice for crypto and blockchain companies, and, most recently, taking on the role of director of digital services with accounting firm Crowe.
Through a series of talks, panel discussions, and advisory and engagement with the Inland Revenue Authority of Singapore, she brought clarity and attention to the severe implications of the previous regulations, while offering practical suggestions which were eventually adopted. Her combined expertise in accounting, taxation and virtual currencies proved to be indispensable, and offered a holistic perspective.
Kwan achieved the ACCA Qualification early on in her career and believes that even though she already had a degree in accounting, ACCA gave her an added global mindset to excel in jobs servicing global conglomerates and handling global portfolios.
Beyond enhancing her technical knowledge of global financial practices, Kwan says that ACCA also aided her by providing her with a valuable international network.