My biggest takeaway from reading the Liechtenstein Blockchain (they named it “TT” for “trustworthy technology” – to ensure that the law is technology-neutral) Act draft version is that many of its provisions make a lot of sense. I really liked how a token is defined as a representation of any Read more…
On January 1st, 2019 a new license type will become available to FinTech companies established in Switzerland. This so-called FinTech Authorization was introduced as an amendment to the Swiss Banking Act on June 15th, 2018, and has now come into force. In summary, if the number of clients’ funds accepted Read more…
Many startup founders ask me how to optimize the cost of transaction monitoring or blockchain tracking. Is it really necessary to send all transaction for monitoring and all blockchain transactions for risk-scoring? No! You can be selective and apply a risk-based approach 🙂 It might indeed be very costly to Read more…
When I met M. late in 2017, his startup was running out of money and he was exhausted by fundraising. He spoke at every single conference and pitched weekly at different investor events, cold called, asked for introductions … and nothing worked. He approached me a few months ago not Read more…
Several startups recently complained to me how frustrated they are with Big 4 advisors and large law firms. “For all they money we are paying them, they came to the conclusion that our services should be subject to VAT, and then only by accident we discovered that they shouldn’t” Read more…
Many corporate functions hate internal audits. People perceive them as useless, time-wasting, police-playing and inflating problems that don’t exist to justify their existence – and the people behind them as incompetent, arrogant and what not… Just imagine, someone with very little knowledge about your challenges and your profession comes in, Read more…
When I worked at Amazon, people complained to me about lost or delayed parcels. When I worked at PayPal, people complained to me about blocked payments. Now, people complain to me about their banks. In this specific post I would like to address a question whether or not a Read more…
