|
|
|
BIG Weekly Newsletter
|
|
|
|
|
|
A Message To The Reader
|
|
|
Welcome to the BIG weekly Newsletter!
|
This week read about how Swiss central bank sees Big Bang migration to blockchain as unrealistic, why tackling sustainability with the help of blockchain and how EU crypto legislation MiCA passes final hurdle.
|
We offer a free consultation with access to the blockchain insights. Book your free consultation with us here.
|
|
|
|
|
|
|
BIG SERVICES
|
|
|
Do you need to assess, evaluate & plan your business model?
|
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.
|
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.
|
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.
|
|
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.
|
|
|
|
|
|
|
|
Following BIG's successful business development over the last five years with a focus on financial services, implementing various projects related to blockchain and digital assets, we are expanding into new industries and are looking for an experienced industry leader with hands-on experience in business development, project management and technology.
|
|
|
|
|
BLOCKCHAIN HEADLINES
|
|
|
|
|
|
Swiss central bank sees Big Bang migration to blockchain as unrealistic
|
|
Switzerland is widely regarded as one of the leaders in regulatory reform for crypto-assets and DLT. And the SNB has been on the frontline of wholesale research, driven to have settlement by the SIX Digital Exchange.
|
|
|
|
|
|
|
Tackling sustainability with the help of blockchain
|
|
Blockchain can provide a solution by creating a secure record of a company's environmental practices. Companies can provide transparent and auditable records of their environmental initiatives.
|
|
|
|
|
|
|
EU crypto legislation MiCA passes final hurdle
|
|
The EU Council endorsed the Markets for Crypto Assets Regulations and this was the final step in passing the legislation. It is expected to come into force around July this year, so some provisions will be applicable from July 2024.
|
|
|
|
|
|
|
|
|
REGULATED DIGITAL ASSETS (STO, TRADING, CUSTODY, COMPLIANCE)
|
|
|
|
|
|
Burned and shunned by banking, digital assets are lurking in the shadows
|
|
Digital assets players are having to turn to non-banking financial institutions, in the wake of tech bank collapses, increasing the potential for a contagious crisis.
|
|
|
|
|
|
|
What needs to happen for tokenized bonds to get traction?
|
|
The European Investment Bank has been at the forefront of innovation as an issuer of some of the first tokenized bonds. Investors want to use their conventional custodian relationships, so they won’t invest if the custodian can’t handle the digital asset.
|
|
|
|
|
|
|
UK Parliament Treasury Committee declares crypto should be regulated like gambling
|
|
The Committee states that most cryptocurrencies, including Bitcoin, have no intrinsic value and no useful social purpose. At the same time, crypto has been used by crooks and fraudsters to scam others and launder funds.
|
|
|
|
|
|
|
|
|
FINANCIAL SERVICES & CENTRAL BANK DIGITAL CURRENCY (CBDC)
|
|
|
|
|
|
Samsung, Bank of Korea announce cooperation for offline CBDC
|
|
Offline CBDCs are seen as potentially offering greater privacy but there are question marks over the ability to use it for extended outages. The central bank is currently engaged in work with 14 financial institutions.
|
|
|
|
|
|
|
BIS issues comprehensive paper on offline CBDC payments
|
|
Some of the listed privacy concerns include the level of privacy protection offered by the value transfer protocol. “If the offline value transfer protocol does not support privacy by design, then offline payments can never be anonymous,” the handbook reads.
|
|
|
|
|
|
|
Brazilian CBDC to enable banks to tokenize balance sheets
|
|
The most innovative CBDC use cases involve tokenization technologies, which allow the central bank to explore the benefits of programmability and composability in financial services.
|
|
|
|
|
|
|
|
|
CRYPTOCURRENCIES, DeFi and NFT
|
|
|
|
|
|
Cryptocurrency: Treat investing as gambling, MPs say
|
|
Cryptocurrencies are just one type of asset. More generally, MPs said, while they supported innovation, the potential benefits from crypto-asset technologies remained uncertain.
|
|
|
|
|
|
|
Anchorage Digital opens up DeFi voting for custody clients
|
|
Anchorage will integrate off-chain, gasless multi-governance client Snapshot to allow its “token-holding community users” to vote on governance proposals with their tokens, without incurring any gas fees.
|
|
|
|
|
|
|
Revving up the NFT market: Mattel unveils Fast & Furious collection
|
|
Timed alongside the release of the latest installment of the Fast & Furious film franchise, iconic toy maker Mattel is set to launch the newest edition of its Hot Wheels NFT Garage Series.
|
|
|
|
|
|
|
|
|
|
RECOMMENDED INDUSTRY REPORTS AND BOOKS
|
|
|
|
|
|
2023 State of Crypto Report:
|
|
Introducing the State of Crypto Index
|
|
|
|
|
|
|
|
|
PODCAST SERIES
|
|
|
THE SWISS ROAD TO CRYPTO PODCAST
|
|
|
|
|
|
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.
|
|
|
|
|
|
|
|
|
|
|
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!
|
|
|
|
|
|
|
|
|
|
|
|
Got a question?
Or perhaps a suggestion? We'd love your feedback.
Contact Rali Hill
- content provider of this Newsletter.
|
|
|
|
|
|
|
|
