Oliver von Landsberg-Sadie (@OliverBCB) header
Oliver von Landsberg-Sadie (@OliverBCB) profile picture

Founder and former CEO of BCB Group (@BCBcrypto). Problem solver in markets, payments and risk in the crypto industry.

London, England
Joined April 2007
Photo by Oliver von Landsberg-Sadie (@OliverBCB)Photo by Oliver von Landsberg-Sadie (@OliverBCB)Photo by Oliver von Landsberg-Sadie (@OliverBCB)Photo by Oliver von Landsberg-Sadie (@OliverBCB)Photo by Oliver von Landsberg-Sadie (@OliverBCB)Photo by Oliver von Landsberg-Sadie (@OliverBCB)Photo by Oliver von Landsberg-Sadie (@OliverBCB)Photo by Oliver von Landsberg-Sadie (@OliverBCB)Photo by Oliver von Landsberg-Sadie (@OliverBCB)Photo by Oliver von Landsberg-Sadie (@OliverBCB)
Oliver von Landsberg-Sadie retweeted
LIVE at #Consensus2023: The banking industry had a rocky start to 2023. Where does crypto fit into the future or traditional finance and vice versa? Watch @IPProfEvans, @CaitlinLong_, @OliverBCB, Richard Booth, @syrupsid and @amitoj discuss: teapawt.org/i/broadcasts/1djGXlnrb…
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Oliver von Landsberg-Sadie retweeted
.@CryptoCwby thanks for asking about the differences b/w bank-issued deposit tokens (aka tokenized deposits) and payment #stablecoins like #USDC (aka tokenized cash or what the EU's #MiCA framework would call e-money tokens). A thread follows 🧵:
Can you please explain the difference between a bank issued deposit coin and a stablecoin? These seem similar - I’m both cases, the entity holding USD & issuing tokens uses those funds to earn yield. Thanks!
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Took a little waffle time to get to my point but glad to have had the platform to make the point. Banks are not the way forward. But networks of banks may be. #BLINC
.@BCBcrypto is accelerating plans to add U.S. dollar capabilities to help fill the void left by Silvergate's shuttering of SEN. "We will face the same scrutiny, but we're building this in a different way," CEO @OliverBCB says. Watch more: coindesk.com/video/crypto-ba…
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Oliver von Landsberg-Sadie retweeted
With the loss of real-time payment platforms SEN and Signet, stablecoins are no longer a 24/7, 365 ecosystem. I spoke with @nic_carter, @ddisparte of Circle, and @austincampbell about what that means for crypto, and @OliverBCB about the path forward: fortune.com/crypto/2023/03/1…
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BLINC USD was scheduled for Q2, then SEN died and we accelerated it to pilot on Monday 13 March, but looks like we're back to "Q2". Hang in there folks, working our nuts off to get you a SEN/Signet replacement for USD. (BLINC has processed tens of billions in non-USD currencies.)
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Oliver von Landsberg-Sadie retweeted
Circle’s USDC operations will open for business on Monday morning, including with new automated settlement via our new partnership with Cross River Bank. circle.com/en/pressroom/3.3-…
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Short term win for anti-crypto regulators. But what they don't realize is that we're the most resilient industry in the world. Crypto will come out stronger, more decentralized, and more on-chain because of this week.
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Oliver von Landsberg-Sadie retweeted
Update thread on USDC We were heartened to see the US government and financial regulators take crucial steps to mitigate risks extending from the fractional banking system. 100% of deposits from SVB are secure and will be available at banking open tomorrow.
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Signature Bank has been closed, all depositors to be made whole. @BCBcrypto does have an active commercial relationship with Signature Bank and is working on next steps for any customers affected by this news. Updates to follow.
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Oliver von Landsberg-Sadie retweeted
When market turmoil happens, I try to make a list of things I learn so I can remember them later. Sometimes the list is full of new things and sometimes they are just reminders. Here is what I have so far from the last few days 👇🏼
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Hang in there, friends at Circle, and friends of Circle. It is going to be ok.
1/ Following the confirmation at the end of today that the wires initiated on Thursday to remove balances were not yet processed, $3.3 billion of the ~$40 billion of USDC reserves remain at SVB.
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1/ .@BCBcrypto holds no material amount of its own funds in USDC, however BCB’s services relating to USDC include trading and custody through BCB Prime Services (Switzerland).
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4/ Clients can request USDC movements out of BCB custody to external USDC wallets at any time, including over the weekend, if they wish to do so.
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5/ We’re doing all we can to look after clients in these volatile markets, and that we ourselves are risk-aware and risk managed, so that we can continue to service this industry until we collectively upgrade this broken and archaic system of money.
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Oliver von Landsberg-Sadie retweeted
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Oliver von Landsberg-Sadie retweeted
Our monetary system is too arbitrary, our politicians are wildly irresponsible, and our banking system is highly opaque. I've never had so much conviction that an on-chain financial system could be a much better one.
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.@BCBcrypto has no commercial relationship with Silicon Valley Bank (so no direct exposure) but will remain vigilant for knock-on effects on other banks, clients, and suppliers. My thoughts are with entrepreneurs and startups disrupted by this horror show.
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