Crypto Credit Association

John Salomon

The Crypto Credit Association is responsible for the development and dissemination of formal standards for the crypto-based credit industry. The CCA maintains a set of self-governance principles for the sector, and serves as an advisory body to stakeholders in both private industry and government around the world. Our objectives: 1. Define and publish standards. 2. Establish audit and certification mechanisms for companies in the crypto credit space. 3. Work with regulatory bodies to encourage the development of consistent rules. CCA is a not-for-profit organisation incorporated in Switzerland, supported by membership dues and external grant funding. read less
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Episodes

A Walk in the (Crypto) Park with Kunlun Yang
Sep 26 2023
A Walk in the (Crypto) Park with Kunlun Yang
Kunlun Yang, "Senior Quant" at Credmark, joins us today for a meandering conversation about around crypto, crypto lending, tradfi, DeFi, regulation, trust, risk management, Kunlun's experience in getting into crypto, and a whole lot more! This was a great opportunity to pick the brain of a highly experienced, knowledgeable expert.  Kunlun shares his views on why "the code is law", why crypto has (or doesn't have) value, usability and adoption by the broad mass of financial services consumers, open vs closed systems...too many areas to list here.  Check it out if you're looking for a week's worth of insights from a consummate crypto finance professional. A few relevant links from our discussion: Market Risk Regulation - the Bank of England Prudential Risk Authority: SS13/13 Market Risk Supervisory Statement https://www.bankofengland.co.uk/-/media/boe/files/prudential-regulation/supervisory-statement/2020/ss1313update.pdf Curve Pool Reentrancy Exploit Postmortem July 30th, 2023 https://hackmd.io/@LlamaRisk/BJzSKHNjn The Saga of Curve Finance: DeFi's Intricate Landscape https://dewhales.substack.com/p/the-saga-of-curve-finance-defis-intricate "An alternative take on why Silicon Valley Bank failed" https://www.schroders.com/en-us/us/intermediary/insights/an-alternative-take-on-why-silicon-valley-bank-failed/ "Why do banks invest in MBS?" https://pages.stern.nyu.edu/~pschnabl/research/DSS_SVB.pdf Some DeFi risk links: 1.  LlamaRisk: https://cryptorisks.substack.com/ 2.  Credmark's DeFi models: https://credmark.com/product?defiApi=true#learnmore  You can find Kunlun on X/Twitter at @leafyoung and on LinkedIn at https://www.linkedin.com/in/leafyoung/ The Crypto Credit Association (CCA) is an industry nonprofit representing the global crypto lending sector.  Visit us at https://cca.finance / hjttps://cryptocreditassociation.org, on LinkedIn at https://www.linkedin.com/company/cryp... - join the CCA to include your voice in the growing crypto credit community! Intro/outro music:  Angelical Pad, courtersy of Luca di Alessandro https://pixabay.com/sound-effects/angelical-pad-143276/
MiCA - European Crypto Regulation with Benjamin Schmid of PWC
Aug 8 2023
MiCA - European Crypto Regulation with Benjamin Schmid of PWC
Today's episode of the Crypto Credit Association conversation series focuses on the Markets in Crypto Assets (MiCA / MiCAR) regulation, the European Union's flagship crypto law. Our guest, Ben Schmid of PWC, shares his analysis of some of the salient points of MiCA - what are some misconceptions about MiCA, how does it complement the EU's Markets in Financial Instruments Directive (MiFID II), what are the gaps, and what are potential future developments in European crypto finance regulations? Markets in Crypto Assets Regulation: https://www.esma.europa.eu/esmas-activities/digital-finance-and-innovation/markets-crypto-assets-regulation-mica PWC have created a great overview of the regulation:  https://legal.pwc.de/en/news/articles/the-eus-markets-in-crypto-asset-regulation-micar MiFID II:  https://www.esma.europa.eu/publications-and-data/interactive-single-rulebook/mifid-ii Howey test:  https://cointelegraph.com/news/what-are-the-howey-test-and-its-implications-for-cryptocurrency Benjamin Schmid is a Manager at PWC in Frankfurt - you can find him on LinkedIn at https://www.linkedin.com/in/benjamin-schmid-37b192b0/ Check out this recording in video format at https://youtu.be/NuwbbWG8YIE The Crypto Credit Association (CCA) is an industry nonprofit representing the global crypto lending sector.  Visit us at https://cca.finance / https://cryptocreditassociation.org, on LinkedIn at https://www.linkedin.com/company/crypto-credit-association/ - join the CCA to include your voice in the growing crypto credit community! Intro/outro music:  Angelical Pad, courtersy of Luca di Alessandro https://pixabay.com/sound-effects/angelical-pad-143276/
An Interview with Dave Weisberger of CoinRoutes - Risk, Regulation, and Good Practice (Part I)
Mar 23 2023
An Interview with Dave Weisberger of CoinRoutes - Risk, Regulation, and Good Practice (Part I)
We are joined today by David Weisberger, co-founder and CEO of CoinRoutes.  CoinRoutes is a prominent and leading algorithmic trading company across CeFi and DeFi. In Part I of this two-part conversation, Dave shares his views on a topics related to risk management, stability, and regulation in the crypto lending space. How did excessive risk taking and lack of transparency lead to crypto failures among lenders?  What are some of the similarities between bad lending and risk management in traditional banking and crypto, and why is it unreasonable to single out crypto for irresponsible practices?  How can crypto technology help create stability through trust, transparency, and traceability, and how can it open up the kinds of closed financial systems that are a major factor in traditional bank collapses such as SVB? Mark Yusko:  https://en.wikipedia.org/wiki/Mark_W._Yusko Join us for part II of this exchange, when we talk more about regulatory principles:  https://five.libsyn.com/episodes/view/26315937 CoinRoutes' website is at https://coinroutes.com/ You can find Dave on LinkedIn at https://www.linkedin.com/in/dave-weisberger-7b0b9ab/ Visit us at https://cca.finance or https://cryptocreditassociation.org, and on LinkedIn at https://www.linkedin.com/company/crypto-credit-association Don't forget to check out our YouTube channel at https://youtube.com/@cryptocredit Intro/Outro music by Alexi Action, courtesy of Pixabay
Ep5 - Crypto Lending Regulations Around the World - Part I - Switzerland
Feb 1 2023
Ep5 - Crypto Lending Regulations Around the World - Part I - Switzerland
Raphael Baumann of PST Legal Consulting and John Salomon, member of the CCA board, discuss the Swiss approach to financial services, crypto, and crypto lending regulation. In this video, we talk about Switzerland's philosophy and system of financial services and contract rules, the role of various regulatory and enforcement agencies, and crypto-specific elements of Swiss financial regulations. This is the first in a series of CCA recordings comparing various countries' crypto currency, lending, and risk management rules. Swiss Financial Market Supervisory Authority (FINMA) - https://www.finma.ch/ Contract law (Obligationenrecht - part V of Swiss civil law, the Zivilgesetzbuch) - https://www.fedlex.admin.ch/eli/cc/27/317_321_377/de Customer credit law (Konsumkreditgesetz) - https://www.fedlex.admin.ch/eli/cc/2002/593/de FINMA public warning list - https://www.finma.ch/en/finma-public/warnungen/ Some example information about consumer credit rules (by canton): Zug - https://www.sz.ch/unternehmen/arbeit-gewerbeaufsicht/gewerbeaufsicht/konsumkredite.html/72-443-4443-1855-1848 Schwyz - https://www.sz.ch/unternehmen/arbeit-gewerbeaufsicht/gewerbeaufsicht/konsumkredite.html/72-443-4443-1855-1848 Swiss regulation collection about blockchain and DLT - https://www.sif.admin.ch/sif/de/home/finanzmarktpolitik/digit_finanzsektor/blockchain.html Bonus link for the bored: Swiss taxation laws related to crypto - https://www.estv.admin.ch/estv/de/home/direkte-bundessteuer/fachinformationen-dbst/kryptowaehrungen.html To follow us on YouTube:  https://www.youtube.com/@cryptocredit Visit us at https://cca.finance, and on Linkedin at https://www.linkedin.com/groups/12743744/ Raphael Baumann is a lawyer with Zug (Switzerland) based PST Legal & Consulting. He has been actively engaged in compliance and legal topics in the crypto industry for several years, and serves as legal advisor to the Crypto Credit Association. Visit PST Legal & Consulting's webpage at https://pst-legalconsulting.ch