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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 Swiss Bankers Association makes case for Digital Swiss Franc, why to improve trust with blockchain and how China to upgrade national blockchain standards by 2025.
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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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Swiss Bankers Association makes case for Digital Swiss Franc
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This system, referred to as a “deposit token”, would be based on public blockchain technology and would come with smart contract features.
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Improving trust with blockchain
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Trustless networks have mechanisms whereby participants reach a consensus on the truth without needing to know or trust each other.
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China to upgrade national blockchain standards by 2025
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China plans to have clarification on the level of design for its blockchain and distributed ledger technology standards system by sometime this year, giving the public until April 28 to make any further input on the draft.
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REGULATED DIGITAL ASSETS (STO, TRADING, CUSTODY, COMPLIANCE)
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Nomura’s Laser backs digital asset firms Crossover, ClearToken
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ClearToken’s CCP will centralize clearing, settlement, collateral and risk management arrangements for conventional assets. Instead of settling directly, investors, brokers and custodians will settle with the CCP.
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Why the crypto world flinches when the SEC calls coins securities
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the US Securities and Exchange Commission considers a range of widely traded digital assets to be securities, a position that could impose regulatory requirements that many boosters say could be crippling.
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German securities service provider dwpbank in crypto pilot targeting consumers
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Dwpbank adopted a partnership approach collaborating with Bankhaus Scheich/tradias for crypto trade execution and Tangany for digital asset custody. Dwpbank is planning regulated trading of other digital assets.
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FINANCIAL SERVICES & CENTRAL BANK DIGITAL CURRENCY (CBDC)
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Privacy and Central Bank Digital Currency
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With the growing exploration of CBDC by central banks, privacy has become a crucial aspect. Many consumers are worried that the adoption of CBDCs will open the door to government tracking and surveillance of their personal details and behaviors.
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National Bank of Denmark Governor says low cash usage doesn’t justify retail CBDC
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The Governor discussed some of the implications of the decline in the use of cash and the rise of digital payments for the central bank’s assessment of CBDCs.
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Russia delays digital ruble launch testing due to lawmaking process
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The number of private banks participating in the pilot has also changed from 15 to 13. Some of the banks’ employees would become the test participants for CBDC retail payments, as well as one of the largest insurance companies in the country, Ingosstrakh.
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CRYPTOCURRENCIES, DeFi and NFT
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Bitcoin: The money of code vs Fiat currency
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One of the most contentious aspects of Bitcoin is its environmental impact. Mining requires substantial energy. Critics argue that this energy consumption is unsustainable, while proponents claim that renewable resources can mitigate the issue.
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8 hot DeFi startups in Europe to watch in 2023
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DeFi industrycontinued to grow last year, driven by sustained funding activity and increased user adoption. This growth came amid sustained support from investors in the cryptocurrency sector.
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Real estate investors buy Solana NFT home for $246,800
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Homebase spent some time weighing the benefits and drawbacks of various blockchains to host the NFTs and smart contracts. Homebase eventually settled on Solana.
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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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Got a question?
Or perhaps a suggestion? We'd love your feedback.
Contact Rali Hill
- content provider of this Newsletter.
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