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BIG Weekly Newsletter
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A Message To The Reader
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Welcome to the BIG weekly Newsletter!
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This week read about how Visa reaffirms crypto strategy, Mastercard touts blockchain why Basel report shows regional differences in bank crypto exposures and how China blockchain Conflux gains $10M investment from DWF.
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We offer a free consultation with access to the blockchain insights. Book your free consultation with us here.
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BIG SERVICES
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Do you need to assess, evaluate & plan your business model?
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We can develop your business strategy by providing an assessment report, a detailed concept/whitepaper, digital asset and tokenization, establishing project and corporate governance (board, c-level) and localisation services to setup in Switzerland, govern your firm, fundraising support.
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We can design your product, service and target operating model (TOM), defining functional and service level requirements, requesting for proposal, evaluate & select service provider, implementing integration, project management, testing and go-live activities.
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We can provide you with legal coordination with Lawyers, SRO, Finma, Non-Action letter, support with taxation, compliance, due diligence, risk assessment, support & tools, audit, policy framework and proof of cryptocurrency ownership, compliance workshops.
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We can support your operations by establishing a team and leading day to day production activities, engaging specialists to minimize cyber security risks or attacks, providing technical solutions and architecture design, set up and manage IT infrastructure and analyzing the codebase of blockchain platforms and applications to identify vulnerabilities and potential improvements.
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Visa reaffirms crypto strategy, Mastercard touts blockchain
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Visa says it intends to continue working on its crypto strategy in light of recent reports that say otherwise, while rival Mastercard has flagged intent to focus on a more neutral area: blockchain.
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Basel report shows regional differences in bank crypto exposures
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Most banks have negligible exposures, with just five banks accounting for 97% of the €2.9 billion, and one of them makes up 62% of the figure. Eighty-five percent of the risk exposures are attributed to American banks.
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China blockchain Conflux gains $10M investment from DWF
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Conflux, which recently agreed to build blockchain-based SIM cards with China's second-largest wireless carrier, received a $10 million investment from DWF Labs, a digital asset market maker and investment firm.
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REGULATED DIGITAL ASSETS (STO, TRADING, CUSTODY, COMPLIANCE)
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Cryptocurrency platform CoinEx sued by New York for offering ‘security’ tokens
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CoinEx did not register as an exchange with SEC, as a commodities broker-dealer with CFTC or with New York regulators before offering services in the state.
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The first security token with dividends in the precious metals industry: meet easygold
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Easygold Token, launched by the Hartmann & Benz company, is the first Security Token that entitles its owners to passive income in the form of dividends.
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AI tokens: The next Metaverse hype?
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Tokens with any relation to artificial intelligence have begun to take the interest of investors for their large potential. With such ground-breaking technology coming in during its infancy stages, many are looking to invest in the future by buying AI tokens.
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FINANCIAL SERVICES & CENTRAL BANK DIGITAL CURRENCY (CBDC)
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Bank of Canada explores types of offline CBDC
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Various scenarios lead to the need for an offline CBDC. It could be a temporary lack of internet access, such as during a flight or because of a telecoms outage. This use case is referred to as intermittent offline CBDC.
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IMF offers Jordan’s central bank recommendations for implementing retail CBDC
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An rCBDC would enhance financial inclusion by providing services without smartphones. An rCBDC could also improve the domestic payment system by making its infrastructure available to PSPs and lowering the cost of cross-border transfers.
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India expands wholesale CBDC trials to explore business models
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Given commercial banks already have accounts with the central bank, most wholesale or interbank CBDCs have focused on token-based digital currency, particularly to settle blockchain-based transactions.
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CRYPTOCURRENCIES, DeFi and NFT
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Challenging March for Bitcoin
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March is considered an unpromising month of the year for the top cryptocurrency, having fallen in eight of the last 12 years with an average decline of about 15%, an average gain of 16%.
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DeFi trading platform Aurox seeking funding at $75M valuation
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Aurox conducts the raise on tZERO under the SEC’s Regulation Crowdfunding legal framework that allows eligible companies to raise up to $5 million by selling securities over a 12-month period.
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Could NFTs and crypto help Japan’s ‘Cool Japan’ strategy?
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Bringing Web3 into the mix alongside the popular culture aspects of the movement could prove a boon for the mission, but this move has not yet been implemented by the government-led movement.
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RECOMMENDED INDUSTRY REPORTS AND BOOKS
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A New Intellectual Framework - Connecting the Invisible Dots
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This paper aims to set out some relevant ideas for the creation and establishment of a successful Financial DIGITAL MARKET INFRASTRUCTURE provider.
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Swiss Digital Asset Market Report 2022
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The report helps better understand the thriving digital asset space by assembling the most important facts and figures.
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PODCAST SERIES
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THE SWISS ROAD TO CRYPTO PODCAST
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In this podcast Didier Borel discovers people in Switzerland playing an active role in crypto and tech. He talks to entrepreneurs, tech innovators and disruptors shaping the future in this country. Switzerland has always played a key role in banking and has recognized the need to foster innovation.
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Laura Shin is a crypto/blockchain journalist and host of the Unchained and Unconfirmed podcasts. As a former senior editor of Forbes, she was the first mainstream reporter to cover crypto assets full-time. She gives an overview to all experts and novices alike on the use cases making a real impact, and their vision for the future of this innovative technology!
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5th BLOCKCHAIN INTERNATIONAL SCIENTIFIC CONFERENCE ISC
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PARIS BLOCKCHAIN WEEK SUMMIT
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Got a question?
Or perhaps a suggestion? We'd love your feedback.
Contact Rali Hill
- content provider of this Newsletter.
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