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

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.

Comments of Bitcoin Association Switzerland on the draft revised VASP Guidance

Comments of Bitcoin Association Switzerland on the draft revised VASP Guidance

The Bitcoin Association Switzerland has sent a comment on the FATF's revised draft guidance on crypto assets. In a consciously "expansive" approach, the FATF proposes to classify participants in decentralized systems as financial intermediaries even if they do not engage in financial intermediation. This would erode the benefits of disintermediation and cause great harm to the nascent sector of Decentralized Finance (DeFi). We criticize this approach and suggest a number of measures to contain the potential damage of imprudent regulation.

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.

Taso's Tech Talk: Last Bitcoin Update for 2018

As we approach the end of the year, BTC and cryptocurrencies in general remain weak and it looks like this market space will end the year on the current softer note. The final BTC video for 2018, discusses the Hurst cycle relationship and how this reinforces the current bearish trend. Furthermore, a new approach is introduced that evaluates intraday data and the underlying trend condition. This method too reinforces the current bearish tone that, for now shows little sign of changing.

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.

Technical Analysis Update for Bitcoin

Technical Analysis Update for Bitcoin

In the last BTC update, I suggested that the risk was skewed to the downside. This was clearly incorrect given strong gains seen over the course of July. Also, I had suggested that the 200D Hurst cycle phase that began off the 7-Feb low was completed on 14-Jun. Having evaluated price action since 14-Jun, a decision has been made to shift the cycle phases slightly to the right to accommodate the low on 25-Jun.

Technical Analysis Update for Bitcoin

Technical Analysis Update for Bitcoin

The Hurst cycle approach was developed by J.M. Hurst and is a powerful analytical and trading tool. The premise is that markets moves in cycles of varying nominal lengths and that all these cycles are interrelated. We are thus able to analyse price action on all frequencies, from short-term to long-term, and formulate an opinion on where price action is in relation to the overall trend/cycle structure.

Technical Analysis Update for Bitcoin

The Hurst cycle approach was developed by J.M. Hurst and is a powerful analytical and trading tool. The premise is that markets moves in cycles of varying nominal lengths and that all these cycles are interrelated. We are thus able to analyse price action on all frequencies, from short-term to long-term, and formulate an opinion on where price action is in relation to the overall trend/cycle structure.