Roger Darin
Prudential Treatment of Cryptoasset Exposures II

While the Bank for International Settlement / Basel Committee on Banking Supervision continues to propose regulation, they also have developed a habit of not addressing legitimate concerns from the community. That is highly regrettable, but no reason to throw in the towel. So the Bitcoin Association Switzerland continues to provide constructive feedback and - so we think - well argued suggestions on how to improve on the longterm goals of the BIS to make the space safer and allow for more innovation.

The letter we sent out this week is continuing this tradition.

Prudential Treatment of Cryptoasset Exposures II

Regulation

Prudential Treatment of Cryptoasset Exposures II

Prudential Treatment of Cryptoasset Exposures II

While the Bank for International Settlement / Basel Committee on Banking Supervision continues to propose regulation, they also have developed a habit of not addressing legitimate concerns from the community. That is highly regrettable, but no reason to throw in the towel. So the Bitcoin Association Switzerland continues to provide constructive feedback and - so we think - well argued suggestions on how to improve on the longterm goals of the BIS to make the space safer and allow for more innovation.

The letter we sent out this week is continuing this tradition.

Prudential Treatment of Cryptoasset Exposures

Prudential Treatment of Cryptoasset Exposures

The Bank for International Settlement (BIS) has recently published a consultative paper on the Prudential Treatment of Crytpoasset Exposure. Being good citizens, we were happy to follow the BIS’ call for a response to their proposals with constructive feedback that not only points out where they err, but more importantly how some of the proposed principals will prove detrimental to the stability of the financial system they BIS is trying to protect. Never has a proverb being more fitting than this: the path to hell is paved with good intentions.

Crypto Valley Association Issues Questionable Recommendations

While the Crypto Valley Association’s paper on “[Asset Tokenization](https://cryptovalley.swiss/wp-content/uploads/CVA-Asset-Tokenization-Paper-final-version-FDU.pdf)” contains many insightful sections, there are other sections that get some fundamental legal considerations embarrassingly wrong. Further questionable is a piece of advice that could make an issued token incompatible with the law. In this blog post, we shed light on the three biggest blunders of the paper.

Our Comment on the Swiss Blockchain Law

Our Comment on the Swiss Blockchain Law

In March, the Federal Council presented a draft for a number of legal adjustments and invited Bitcoin Association Switzerland to take part in the public consultation. The consultation phase ends this month and we have filed an extensive comment, in which we support the position of the Swiss Blockchain Federationand lay out some of our common concerns in more detail. In this blog post, I will summarize the content of the proposed law as well as the comments of both Blockchain Federation and Bitcoin Association.

On the Federal Council Report

The federal council published its 170-page report on the legal foundations of the blockchain in Switzerland. It incorporates the findings of the consultation that took place in September and to which the Bitcoin Association also provided some inputs. All in all, it is great that the Swiss government not only recognizes the potential of the blockchain, but also applies the right strategy for allowing the blockchain-ecosystem to flourish.