RULEMATCH Spot On - Building by the Rules

Banks who have built a business in crypto and digital assets want to do it “by the rules.” But what does that mean exactly? What are the major considerations and how are regulatory considerations evolving? In this episode, RULEMATCH Spot On hosts Cornelia Stengel, a partner at Kellerhals Carrard for an in-depth discussion on legal and regulatory topics from AML and capital requirements to stablecoin classifications and more. (1:55) - Intro and “the big question” about regulation (5:54) - How banks are thinking (and deciding) about legal and regulatory topics with crypto (13:28) - Keeping up with regulations (16:02) - Following BlackRock’s example and tips for banks to “get ahead” with crypto and digital assets (18:17) - When AML rules are top of mind and technology-agnostic (or not) (22:27) - Treatment of crypto vs cash transactions (23:52) - Focus on the Travel Rule and tainted coins (25:55) - Dealing with custody in the framework of banking law - and its side-effects (30:04) - The burden of the balance sheet and risk-weighting for crypto (33:42) - What other jurisdictions are saying about risk-weighting of crypto assets (34:34) - Deep dive on token classifications and the laws they trigger (38:31) - Understanding asset tokens (42:29) - How financial institutions are preparing for tokenization (43:30) - The alignment of Swiss token classifications with MiCAR and other rules (46:41) - The (special) treatment of stablecoins in Switzerland (49:42) - How attractive is Switzerland (still) for doing business in crypto and digital assets? (50:54) - Looking for maturity with CBDCs Cornelia Stengel LinkedIn RULEMATCH LinkedIn ⁠ ⁠RULEMATCH X ⁠ ⁠Ian Simpson LinkedIn⁠ ⁠Ian Simpson X⁠ Disclaimer: The information contained in this podcast about RULEMATCH AG (“RULEMATCH”) and any guest company is for general informational purposes only and should not be considered exhaustive. They do not imply any elements of a contractual relationship nor any offering.