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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 IOTA Foundation takes a stand for blockchain innovation in Europe, why Google Play eases restrictions on blockchain apps and how blockchain logistics association BITA merges with GBBC.
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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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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.
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IOTA Foundation takes a stand for blockchain innovation in Europe
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In order to safeguard blockchain innovation in Europe, IOTA has joined hands with the European Blockchain Council. Through the joint statement, IOTA and its partners are addressing the latest circulated Data Act proposal.
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Google Play eases restrictions on blockchain apps
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Blockchain-related apps launching on Google Play are required to comply with jurisdictional regulations in the regions where they’re based. If an app enables digital asset trading, is required to issue a clear disclosure.
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Blockchain logistics association BITA merges with GBBC
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The current focus is tracking a shipment throughout its journey as it moves between different logistics providers and types of transport. Future target areas include identity, customs clearance and IoT metadata.
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REGULATED DIGITAL ASSETS (STO, TRADING, CUSTODY, COMPLIANCE)
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Coinbase CEO to meet Democrats on digital asset regulation
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If the SEC lawsuits are successful, they could transform the crypto market by asserting the SEC’s jurisdiction over the industry which, for years, has argued that tokens do not constitute securities and should not be regulated by the commission.
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G20 recommends regulating digital assets, Stablecoins
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The recently published global regulatory framework by the FSB, under the principle of “same activity, same risk, same regulation,” emphasizes the need for uniform regulations across various crypto activities.
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Navigating the VAT treatment of security tokens in the EU
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Security token offerings have become an alternative to raising capital through debt or equity. This increased interest in security tokens raises questions regarding the practical aspects, including VAT consequences of transactions involving such tokens.
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FINANCIAL SERVICES & CENTRAL BANK DIGITAL CURRENCY (CBDC)
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Financial Stability Board, CPMI to explore tokenization, including for payments
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The central banks of Germany and Italy are concerned about the potential for fragmentation if there are various platforms on which CBDC sits.
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Brazilian CBDC allows government to freeze funds, developer finds
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A blockchain developer has reverse-engineered the code behind the Brazilian CBDC and discovered an unsettling feature: the government has built in the ability to freeze funds and adjust balances.
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BNY Mellon, HSBC, Siemens share lessons learned from digital securities issuances
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The European Investment Bank (EIB) is the most prolific digital bond issuer and they previously spoke about the need for more custodians that support DLT natively. Failing that the DLT platform needs to support Swift.
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CRYPTOCURRENCIES, DeFi and NFT
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How Chainflip is shaking up native cryptocurrency cross-chain swaps
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A thought of decentralized and chain-agnostic system that would enable native cross-chain swaps of cryptocurrency without having to resort to wrapped tokens or specialized wallets or complex smart contracts.
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A new Uniswap feature aims to eliminate DeFi pain points
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Uniswap is launching UniswapX in "opt-in beta" on the Uniswap Labs interface for the main Ethereum network, with plans to expand to other chains and the Uniswap wallet. It's not clear when a final version would be available.
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Open edition NFT soars as ‘For the Culture’ campaign takes over Twitter
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The creativity in the Web3 and NFT space is beyond measure. And brands are coming up with ever more unique NFT marketing strategies that can ignite a sense of belonging among the community members. OpenSea, CoinGecko, Magic Eden, NIFTY gateway, VEE Friends, Trust Wallet participated in the trend.
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RECOMMENDED INDUSTRY REPORTS AND BOOKS
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2023 State of Crypto Report:
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Introducing the State of Crypto Index
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Swiss Digital Asset Custody Report 2023
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The safekeeping of financial assets is a global strength of Switzerland’s banking industry.
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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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