was successfully added to your cart.
Monthly Archives

June 2019

CVA Contribution to Consultation on Framework Conditions for Blockchain/DLT

By | Articles, Policy / Regulations

The Swiss State Secretariat for International Finance (SIF) recently closed a round of public consultations aimed at gathering input on the possible framework improvements to for DLT and blockchain.

As with previous such consultations, the Crypto Valley Association was active in gathering input and providing an opinion paper to the SIF, in particular with the support of the CVA’s Regulatory and Policy Working Group chaired by Thomas Stoltz and Tobias Kallenbach.

Read the CVA’s Position Paper here.

Weekly Twitter Summary (2019-06-23 – 2019-06-29)

By | Public Announcements

The 5th ICO/STO Report published by PwC Stratetgy& and CVA

By | Articles, CVA in the News

This week saw the publication of the 5th ICO/STO (IEO) report in collaboration with PwC and Strategy&.

The key takeaways are as follows:

Token Offerings and IEO

  • Jan until May 2019: total of 250 token offerings completed, USD 3.3 bnraised capital
  • Since the beginning of 2019, the development of IEO strongly accelerated. The IEO Bitfinex, with USD 1 bncapital raised, was the biggest token offering in 2019.
  • New concept: Initial Exchange Offering, a new crypto fundraising format, by which an ICO/STO is basically conducted on one or multiple platforms of crypto exchanges
  • The innovation of IEO can be seen as a response of established exchangesmoving into crypto emphasizing higher institutionalization and credibility

Cyber Security

  • Cybersecurity, key custody, KYC/AML and capital requirements are the key themes in today’s crypto finance ecosystem
  • Recent cases of large lossescaused by cyberattacks: Binance & bithumb (wallet), SpankChain (smart contract), Coinbase (attack in terms of double spending)
  • Key custody solutions gain more attention and relevance

Read the full report here.