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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 the unified future of AI, blockchain and virtual worlds in 2024, why Paxos to launch stablecoin on Solana blockchain and how Cardano Foundation teams up with Brazil’s oil giant Petrobras for blockchain education.
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Cheers to a season filled with love, joy, and togetherness! Thank you for being an essential part of our success story.
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BIG EXPERTISE
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Harness the power of blockchain with a trusted partner. BIG is transforming financial futures through strategic, compliant, and operational excellence.
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- Proven Expertise: Architected and executed strategies for multiple global entities, seamlessly integrating digital assets and pioneering tokenization.
- Swiss Localization: Successfully onboarded several firms in Switzerland, optimizing their governance and fundraising capacities.
- Strategic Guidance: Elevated numerous projects to success with effective board and corporate structures.
- Tailored Solutions: Designed and deployed tailored products for several industry leaders, ensuring alignment with individual functional needs
- Seamless Integration: Managed end-to-end integrations for numerous service providers, ensuring smooth transitions to live operations.
- Project Mastery: Transformed numerous project concepts into operational successes, consistently meeting and exceeding client expectations.
- Regulatory Partnerships: Forged strong ties with legal specialists, SROs, and FINMA, setting the gold standard in regulatory navigation.
- Compliance Leadership: Rolled out internationally recognized compliance tools and frameworks, guiding best practices in the sector.
- Crypto Assurance: Pioneered innovative methods for cryptocurrency ownership verification, securing assets for multiple global entities.
- Operational Excellence: Spearheaded operational setups for several renowned industry leaders, championing peak performance.
- Cybersecurity Vanguard: Protected clients from numerous potential cyber threats, establishing a reputation for unmatched security.
- Infrastructure Prowess: Revolutionized IT for several firms with state-of-the-art setups and blockchain optimizations.
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The unified future of AI, blockchain and virtual worlds in 2024
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As we step into 2024, we find ourselves at the precipice of this new era, where the seamless integration of AI, blockchain and virtual reality heralds a future of limitless potential and unprecedented digital interaction.
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Paxos to launch stablecoin on Solana blockchain
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Paxos has received the regulatory clearance to launch its Paxos USDP stablecoin on the Solana blockchain on January 17, 2024. USDP is one of the older stablecoins, Paxos has only issued stablecoins on Ethereum blockchain.
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Cardano Foundation teams up with Brazil’s oil giant Petrobras for blockchain education
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The Cardano Foundation is joining forces with Brazil’s state-owned oil company, Petrobras, to provide blockchain education and technology use cases. The program’s scope will cover blockchain applications and use cases.
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REGULATED DIGITAL ASSETS (STO, TRADING, CUSTODY, COMPLIANCE)
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Digital assets in 2024: building trust through regulation and innovation One of the most significant trends in 2024 will be the continued development of comprehensive regulatory frameworks for digital assets. Regulators worldwide are embracing innovation while safeguarding consumers through robust frameworks.
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Japan leads 42 countries discussing digital asset regulation
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Digital asset regulation is taking shape globally, with 42 countries engaging in discussions or passing laws. The regulatory efforts into four key focus areas.
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Sumitomo Life invests in tokenized Blackstone real estate fund
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Digital Securities’ security tokens were underpinned by a Blackstone Group real estate fund where the fund investment is put into a trust. The offering turns into security tokens.
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FINANCIAL SERVICES & CENTRAL BANK DIGITAL CURRENCY (CBDC)
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Swiss-backed CBDC project explored feasibility of cash-like, anonymous digital currency
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Project Tourbillon, an initiative led by BIS Innovation Hub Swiss Centre and supported by SNB, explored the retail CBDC.
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China accelerates CBDC pilot with cross-border precious metals transaction
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The Bank of China is set to expand the application of the country’s digital currency as the Beijing-based commercial bank has completed the first cross-border settlement for precious metals trading with digital yuan.
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Bank of Korea eyes wholesale CBDC, tokenized deposits with LG CNS
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Tokenized deposits are digital representations of traditional bank deposits on distributed ledgers offering a range of benefits. Tokenized deposits offer fractional ownership, financial inclusion, and increased liquidity.
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CRYPTOCURRENCIES, DeFi and NFT
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12 most popular types of cryptocurrency
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Bitcoin gets all the headlines when people talk about cryptocurrencies, but there are literally thousands of other options when it comes to these digital currencies. In fact, cryptos that aren’t Bitcoin are usually considered an “also ran” alternatives to Bitcoin.
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IOSCO’s DeFi policy recommendations show DAOs can be legally responsible
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The rules applied to TradFi should be applied to DeFi because the use of technology doesn’t make it fundamentally different. In some jurisdictions, DeFi falls under the regulations for securities or other financial instruments.
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How NFTs will make a comeback in 2024
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NFTs are poised to be a major driver of Web3 adoption in 2024 – but the successful projects will look very different from what’s come before. The next wave of successful NFT products will likely look quite different from much of what we've seen before.
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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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Laura Shin is a crypto/blockchain journalist and host of the Unchained podcast. 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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Crypto Finance Conference 2024
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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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