Hybrid | IBA Center for Banking Excellence, Springfield OR Live Streamed via Zoom
9:30 a.m. to 3:15 p.m. CT
Cryptocurrencies and blockchain technology continue to attract attention from the private and public sectors alike, and banks are critical to the discussion. Some banks have teams looking into options for engaging in this new ecosystem; however, it is a tangled web of money, securities, commodities, property, and technology for most banks. This seminar is meant for those bankers looking to untangle that web.
This session reviews the basics and history of both cryptocurrencies and the technology they rely on, blockchain technology. It provides examples of current uses for cryptocurrencies and blockchain technology while reviewing where regulation gets mixed in, particularly for banks looking at the possibility of offering custody or other services related to cryptocurrencies.
Agenda
Intro to Cryptocurrency and its Use Cases
Blockchain and its Use Cases?
Regulatory Developments
What are Stablecoins, and why are they different?
Central Bank Digital Currency – a viable option?
What might the future hold?
Facilitator
Joseph E. Silvia, Partner, Dickinson Wright PLLC, Chicago. Joseph’s clients seek out his guidance on a variety of matters including mergers & acquisitions, strategic transactions, governance, international banking, payments systems, anti-money laundering and sanctions, and private equity and venture capital investments. He advises financial institutions, fintech companies, and corporations regarding risk and compliance, third-party vendor management, consumer protection, digital currencies, affiliate transactions, privacy, and retail and commercial banking, including handling significant drafting and negotiation of vendor agreements and agreements between financial institutions and their customers and members.
Joseph handles matters for his clients concerning banking and financial services regulation, including state and federal regulation with respect to licensing, retail banking, consumer credit, cannabis, anti-money laundering, and OFAC compliance, and more. Having previously served as counsel to the Federal Reserve Bank of Chicago, where he focused on the supervision and regulation of banks, bank holding companies, and savings and loan holding companies as well as consumer finance and compliance matters, Joseph has a unique perspective on all aspects of the banking system. Joseph is an adjunct professor at Chicago-Kent College of Law, where he teaches a course on Consumer Banking Law.
Fee Per Person
Member $265
Nonmember $445