Intro to Crypto School - Parts 1&2

Recorded: May 3, 2022

Day 1:

Part 1: Cryptocurrency Essentials
This session is designed to provide a foundation for those new to cryptocurrency and blockchain. Attendees will learn the essentials behind blockchain and distributed ledger technology (DLT), how cryptocurrency transactions work, industry trends, and the role blockchain analytics plays in the crypto ecosystem.

Part 2: What are CBDCs and Stablecoins
As the digital economy becomes increasingly synonymous with the global economy, the need to modernize our financial system is that much more palpable. Due to the accessibility and efficiency enabled by transacting in digital currencies, it’s only a matter of time before every country will be developing its own Central Bank Digital Currency (CBDC).

The rise of company-issued stablecoins and government-backed digital currencies like China's digital yuan have created a sense of urgency among many nations to develop their own CBDCs. The EU and an estimated 38 countries, including China, UK, France, India, Sweden and Russia, are currently piloting or considering CBDCs. CipherTrace predicts that most central banks will provide a digital currency to their citizens in the next 5 years.

Join us on this deep dive into understanding:

• What are the differences between CBDCs and stablecoins
• How are they different from traditional cryptocurrency
• Which countries are currently contemplating CBDC adoption
• The role fintech companies and banks play in CBDC production
• How CBDCs and stablecoins can affect your financial institution

Day 2: 

Part 1: How to Find Crypto in Your Financial Institution
Banks have by and large avoided cryptocurrency over the past decade. But as crypto becomes mainstream, ignoring it becomes a costly position—both because of the risk of fines and penalties for banks that have illicit transactions happening on their payment rails, and because of the failure to provide banking services to lucrative crypto accounts.
It's a double-edged sword: regulators are pressuring banks to identify cases of money laundering and sanctions evasion tied to cryptocurrency, and customers are clamoring to be able to invest in crypto through the financial institutions they already know and trust.

Part 2: Frauds and Scams
Cryptocurrency scams are on the rise, DeFi fraud continues to rise quarter over quarter, and victims are often being tricked out of tens of thousands of dollars. This is backed up by recent data from the FTC, which shows that since October 2020, consumers have reported losing more than $80 million to cryptocurrency scams. This represents an increase of more than ten-fold year-on-year. These groups have been learning from each other, increasingly working together, and using similar methods to raise, store and move funds—including money mule networks.

In this session, we’ll explore various real-life cryptocurrency scam cases and look at the methodology of investigating these crimes. We will also discuss the challenges associated with seizing and recovering assets for the victims and bringing the perpetrators to justice and analyze the “red flags” that both financial institutions and virtual asset service providers (VASPs) should identify.

Some of the case types we will review include:

• Phishing
• Ransomware
• Exchange Hacks
• SIM Swap
• Ponzi and High-Yield Investment Product (HYIP) schemes
• Romance
• Money Mule
• SBA/PPP loans

Target Audience:

• Those looking to make better informed decisions around cryptocurrency and virtual asset service providers (VASP), whether it be in drafting regulations, creating compliance policies, or investigating financial crime.

Attendees will:

• Gain a deeper understanding of distributed ledger fundamentals and cryptocurrency transactions
• Learn the latest industry trends and global developments in the crypto sphere
• Recognize who’s who on the blockchain
• Understand what makes some cryptocurrency and VASP typologies riskier than other
• Where the intersections between the traditional and crypto economies lie
• What role banks play in the conversion of fiat and cryptocurrencies
• How undetected crypto transactions can implicate banks in sanctions violations and funding of terrorists
• What opportunities cryptocurrencies present to banks
• What is required to provide crypto-related services, including custody

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.

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