DATE & TIME
Wednesday 13 October
11:00 PT / 18:00 GMT
Crypto currencies are nothing more than digital currencies that act as an alternative to domestic money created using Blockchain technology.
The first and best known cryptocurrency is Bitcoin, which was introduced in 2009. A growing number of companies and organizations in a wide range of industries are turning to cryptocurrencies to enable their customers to use them as an official payment method for their goods and services.
Unlike fiat currencies, crypto currency is not backed by any commodity like gold. It is also an asset that you can buy or resell. One of the main reasons for the growth of crypto currencies is that there’s a potential for profit if you resell at a higher price than what you paid to acquire them. Some other benefits of crypto currency is that the fees for using them are low, they’re not tied to a specific currency of a country, it’s secure and difficult to track, and it’s also seen as the future of money by many as its adoption means adopting Blockchain and other exponential technologies.
Since crypto currency protects the identity of its users, they can also be used for illicit activities and this decentralized infrastructure that is not tied to a specific regulatory authority poses many challenges for regulators, financial institutions, and policy makers.
In this panel discussion, we are bringing some of the industry leaders that are shaping the scene for crypto policies where we will discuss the policies, challenges, and opportunities that come with this accelerating technology.
Michael Mosier – Former Acting Director at the Financial Crimes Enforcement Network (FinCEN)
Amanda Wick – Chief of Legal Affairs at Chainalysis
Dante Disparte – Chief Strategy Officer and Head of Global Policy at Circle