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Crypto Basics: Everything you Need to Know About Crypto

Crypto Basics: Everything you Need to Know About Crypto

This seminar will introduce the nuts and bolts of blockchain and cryptocurrencies.

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Webinar Description

This seminar will introduce the nuts and bolts of blockchain and cryptocurrencies. Once thought to be a passing internet fad, the adoption of cryptocurrency has seen a remarkable increase, growing to an overall market capitalization of over $1.65 Trillion in less than 10 years. In the past year, JP Morgan has taken on two prominent cryptocurrency exchanges as banking customers, PayPal began accepting cryptocurrency transactions on its network, and Anchorage became the first national bank for digital assets when it received a conditional trust charter from the OCC.

In 2019, FinCEN released an Advisory requiring all financial institutions—including banks—to monitor virtual currency-related transactions of their customers and file SARs for suspicious transfers that may involve virtual currency related payments. Then, in 2020, the OCC published an interpretive letter stating banks can now hold cryptocurrency assets for their customers. Now, virtual asset service providers all over the world—including banks that custody crypto assets— are struggling to find solutions to comply with new global Travel Rule regulations that require they share originator and beneficiary information for cryptocurrency transfers. These regulatory changes make it vital that banks understand this financial technology.

Attendees will learn about the rise of bitcoin and other tokens based on blockchain and explore the ways that cryptocurrencies are used (and sometimes abused) by their adopters, their prevalence on bank payment networks, and use as a major payment rail.

Attendees will also explore legislation that impacts cryptocurrency transfers from a banking perspective, including the FATF and FinCEN Travel Rules and the US Bank Secrecy Act.

Session highlights:

  • Understand blockchain and cryptocurrency technology
  • Gain an understanding of different types of cryptocurrencies
  • Explore use cases for cryptocurrencies
  • Understand applicable legislation and the relationship between cryptocurrency and traditional (fiat) currency
  • Learn about traceability of cryptocurrency transactions and their impact on related investigations

Who should attend:

Chief Executive Officers, Chief Operations Officers, Chief Risk Officers, Chief Compliance/BSA Officers, Risk Management Officers, Compliance Officers, BSA Specialists, BSA/AML Analysts, Financial Investigators, Fraud Prevention Units

 

Your registration includes:

  • A copy of the presentation materials
  • Unlimited video replay

 

Refund Policy:

If you will have any issues with attending the simulcast, we offer a No Questions Asked Refund Policy any time before the start of a live simulcast.

 

CBANC Complaint Policy:

The goal of CBANC Education is to provide quality educational content and excellent service to our users.  If you have any questions or concerns regarding the quality of our content or service, please contact us at support@cbancnetwork.com.

Webinar Description

This seminar will introduce the nuts and bolts of blockchain and cryptocurrencies. Once thought to be a passing internet fad, the adoption of cryptocurrency has seen a remarkable increase, growing to an overall market capitalization of over $1.65 Trillion in less than 10 years. In the past year, JP Morgan has taken on two prominent cryptocurrency exchanges as banking customers, PayPal began accepting cryptocurrency transactions on its network, and Anchorage became the first national bank for digital assets when it received a conditional trust charter from the OCC.

In 2019, FinCEN released an Advisory requiring all financial institutions—including banks—to monitor virtual currency-related transactions of their customers and file SARs for suspicious transfers that may involve virtual currency related payments. Then, in 2020, the OCC published an interpretive letter stating banks can now hold cryptocurrency assets for their customers. Now, virtual asset service providers all over the world—including banks that custody crypto assets— are struggling to find solutions to comply with new global Travel Rule regulations that require they share originator and beneficiary information for cryptocurrency transfers. These regulatory changes make it vital that banks understand this financial technology.

Attendees will learn about the rise of bitcoin and other tokens based on blockchain and explore the ways that cryptocurrencies are used (and sometimes abused) by their adopters, their prevalence on bank payment networks, and use as a major payment rail.

Attendees will also explore legislation that impacts cryptocurrency transfers from a banking perspective, including the FATF and FinCEN Travel Rules and the US Bank Secrecy Act.

Session highlights:

  • Understand blockchain and cryptocurrency technology
  • Gain an understanding of different types of cryptocurrencies
  • Explore use cases for cryptocurrencies
  • Understand applicable legislation and the relationship between cryptocurrency and traditional (fiat) currency
  • Learn about traceability of cryptocurrency transactions and their impact on related investigations

Who should attend:

Chief Executive Officers, Chief Operations Officers, Chief Risk Officers, Chief Compliance/BSA Officers, Risk Management Officers, Compliance Officers, BSA Specialists, BSA/AML Analysts, Financial Investigators, Fraud Prevention Units

 

Your registration includes:

  • A copy of the presentation materials
  • Unlimited video replay

 

Refund Policy:

If you will have any issues with attending the simulcast, we offer a No Questions Asked Refund Policy any time before the start of a live simulcast.

 

CBANC Complaint Policy:

The goal of CBANC Education is to provide quality educational content and excellent service to our users.  If you have any questions or concerns regarding the quality of our content or service, please contact us at support@cbancnetwork.com.