“Blockchain” is THE buzz-word for the financial industry right now and the
regulatory challenges are myriad depending on the particular use and
application of the technology. As more traditional financial companies
are turning their attention to the blockchain, regulators across the globe
are doing the same. That’s why it is essential that in-house counsel
and compliance professionals, as well as their outside counsel, stay
current on the latest ways that the blockchain technology is being looked
at, all the potential applications it can be used for, and what legal and
regulatory implications the different applications will potentially create
1. Register Now | 888-224-2480 | AmericanConference.com/Blockchain 1Register Now | 888-224-2480 | AmericanConference.com/Blockchain
Our unparalleled faculty will provide you with expert advice
and key insights on:
• The current state of blockchain and answers to all the questions you’ve had
but never asked
• The public vs. private debate on blockchain, and the future of permissioned
vs. permissionless distributed ledgers
• Blockchain technology in the world of payments and financial transfers:
where are we now and what is on the horizon?
• Self-executing “smart” contracts on the blockchain
• Property registers and intellectual property – managing registers of assets
on the blockchain
• The impact of blockchain on securities transactions
• Other alternative uses of blockchain technology (beyond bitcoin): examples
of action and their potential operational, legal and regulatory ramifications –
notarizations, voting systems, crowd funding, identity verification and beyond
• What’s Wall Street doing with blockchains? From NASDAQ to the R3 Consortium:
exploring the latest activity of these big players and how they are trying to work
together towards mainstream blockchain implementation
• Consumer protection on the blockchain
• Anti-money laundering on the blockchain
• International developments: how other nations are looking at this technology
outside of the U.S., and structuring products for international customers
Sponsored by:
Featuring speakers from:
U.S. Securities and
Exchange Commission
FDIC Office of Inspector
General
FBI – Criminal
Investigative Division
U.S. Attorney’s Office,
Eastern District of New
York
Alabama Securities
Commission
Idaho Department of
Finance
Ohio Division of Securities
Blockchain University
American Express
Company
Deutsche Bank
Master Card
World Economics Forum
USA
Consumers’ Research
Blockchain Clearing Corp.
Washington and Lee
University School of Law
Verizon Wireless Inc.
Electronic Transactions
Association
BitMint, LLC
D+H
Bitfinex
BBVA Compass
Ouroboros LLP
Silicon Valley Bank
Harvard – Berkman
Center for Internet &
Society
Coinapult
MIT Media Lab
New York Law School
Crypto Facilities
Circle Internet Financial
Global ID Framework
Hub Culture
UniTeller Financial
Services
R3CEV LLC
Co-Chairs:
J. Dax Hansen
Perkins Coie LLP
Emily H. Goodman Binick
American Express Company
American Conference Institute, the creator of the renowned forums on
Emerging Payment Systems and Prepaid Card Compliance, now brings
you its National Forum on:
BLOCKCHAIN & DISTRIBUTED
LEDGER TECHNOLOGY
Innovation, Operation and Legal & Regulatory Implications
April 13 – 14, 2016 | The Carlton Hotel on Madison Avenue | New York, NY
Earn
CLE
Credits
Earn
CPE
Credits
2. Join the Conversation ACI Financial Services @ACILegal / #ACIBlockchain2
• In-House and Compliance
Professionals Within
the Areas of Financial
Products, Payments,
Retailers, Startups, Banks,
Card Networks,Telecom
Companies,Technology/
Internet Companies,
including:
» CEOs
» CCOs
» COOs
» Managing Directors
» Senior Vice Presidents
» Global Product Managers
» General Counsel
» Payments Counsel
» Compliance Counsel
» Risk Officers/Managers
» AML Officers
» Privacy Officers
» Data Security Officers
» Analysts
» Consultants
» Service Providers
• Private Practice Attorneys
Specializing in:
» International Financial
Services Regulatory
Compliance
» International Banking Law
» Payment Systems
» Mobile Payments
» AML
» Privacy/Data Security
• Regulatory and
Enforcement Officials
“Blockchain” is THE buzz-word for the financial industry right now and the
regulatory challenges are myriad depending on the particular use and
application of the technology. As more traditional financial companies
are turning their attention to the blockchain, regulators across the globe
are doing the same. That’s why it is essential that in-house counsel
and compliance professionals, as well as their outside counsel, stay
current on the latest ways that the blockchain technology is being looked
at, all the potential applications it can be used for, and what legal and
regulatory implications the different applications will potentially create.
Building on the incredible success of our Prepaid Card Compliance and
Emerging Payment Systems series of conferences, and in response to
demand from the market, American Conference Institute has developed
its premiere National Forum on BLOCKCHAIN & DISTRIBUTED
LEDGER TECHNOLOGY: Innovation, Operation and Legal & Regulatory
Implications. The first conference of its kind, it will bring together an
unparalleled faculty of in-house counsel and compliance professionals,
senior executives from industry-leading companies, high-level regulatory
and enforcement officials, and top outside counsel who will provide you
with the insights and tools necessary to navigate the legal, compliance,
technical, operational and business hurdles arising from these new
technologies.
Register now by calling 1-888-224-2480 or by
faxing your registration form to 1-877-927-1563.
You can also register online at
www.AmericanConference.com/Blockchain
BE A PART OF THE NATION’S PREMIERE FORUM ON BLOCKCHAIN &
DISTRIBUTED LEDGER TECHNOLOGY. ENSURE THAT YOU ARE PREPARED
FOR THE OPERATIONAL, LEGAL, REGULATORY AND COMPLIANCE
ISSUES THAT CAN ARISE AND GAIN CRITICAL INSIGHT AND STRATEGIC
KNOWLEDGE NEEDED IN THIS NEW AND EMERGING AREA.
This year marks 30 years since the inception of C5 Group.
It is time for a brand, logo and language in keeping with the
dynamic strides we have made as a company. It is time for a
brand that will take us forward for the next 30 years.
C5 Group, comprising of American Conference Institute, The
Canadian Institute and C5 in Europe, will unite under one central
brand image, appropriately a globe. See how bringing together
the power of people and the power of information can accelerate
your growth and success.
Our new brand look and language will be fully revealed soon.
Stay tuned for more exciting changes
30 years
expanding
across
the globe
30 years
building a
network of
industry leaders
30 years
hosting more
than 6,000
conferences
ACIAmerican Conference Institute
Business Information in a Global Context
WHO YOU WILL MEET
With more than 300 conferences in the United States, Europe, Asia Pacific, and Latin
America, American Conference Institute (ACI) provides a diverse portfolio devoted
to providing business intelligence to senior decision makers who need to respond to
challenges spanning various industries in the US and around the world.
As a member of our sponsorship faculty, your organization will be deemed
as a partner. We will work closely with your organization to create the
perfect business development solution catered exclusively to the needs
of your practice group, business line or corporation.
For more information about this program or our global portfolio of events,
please contact:
Wendy Tyler
Director of Sales, American Conference Institute
Tel: 212-352-3220 x5242
w.tyler@AmericanConference.com
GLOBAL SPONSORSHIP OPPORTUNITIES
3. Register Now | 888-224-2480 | AmericanConference.com/Blockchain 3
DAY 1 | WEDNESDAY, APRIL 13, 2016
7:15 Registration and Continental Breakfast
8:00 Co-Chairs’Welcoming Remarks
J. Dax Hansen
Partner
Perkins Coie LLP
Emily H. Goodman Binick
VP & Senior Counsel
American Express
Company
8:05 Blockchain “Not So 101” – The Current
State of Blockchain and Answers to All the
Questions You’ve Had But Never Asked
Robert Schwentker
President
Blockchain University
Nathaniel Karp
Chief Economist
BBVA Compass
Gene Neyer
Head of Product, Global Payments
D+H
Graham Warner
Head of Product Development and Digital, Americas
Deutsche Bank
• What exactly is the blockchain/distributed ledger
technology? How does it work? Key players?
• Why do we care and why is it so important right now?
What problems could it solve?
• Where does bitcoin end and blockchain begin?
And where do they overlap?
• What are the different types of business people
are doing in this area?
• How are a growing number of organizations starting
to use blockchain technology to build infrastructures
to support decentralized applications?
• What are the potential applications of the blockchain
technology and the emerging areas where we may
see legal implications?
9:05 Regulatory Panel: Federal and State
Regulators Speak Out on the Current
Regulatory and Compliance Environment
for Cryptocurrencies and the Blockchain,
and What To Expect From Regulators in
the Future
Jessica B. Magee
Assistant Regional Director
U.S. Securities and Exchange Commission
Division of Enforcement
Fort Worth Regional Office
Adriana Rojas
Associate Counsel
FDIC Office of Inspector General
Una Dean
Assistant U.S. Attorney
United States Attorney’s Office
Eastern District of New York
Joseph Borg
Director
Alabama Securities Commission
Jim Burns, MBA, CFE, CAMS, CRCP
Securities Bureau Chief
Idaho Dept. of Finance
D. Michael Quinn
Chief Legal Counsel
Division of Securities, State of Ohio
Moderator:
Marco A. Santori
Pillsbury Winthrop Shaw Pittman LLP
Bitcoin Foundation – Chairman, Regulatory Affairs
Committee
• The regulatory challenges are myriad depending on
the use of the blockchain technology – hear regulatory
perspectives on what challenges they foresee and
how they might be addressed
• What is the current regulatory and compliance
environment for cryptocurrencies and the Blockchain,
and what do we expect from regulators in the future?
• What worries them (about the different potential
blockchain applications)?
• What sort of protections do we need to obtain
a global solution?
• State money transmitter licensing issues
• How would this need to be regulated to ensure that
it’s safe and widely adopted by consumers
• Federal vs. state regulatory activity – (current and
on the horizon)
10:40 Morning Coffee Break
10:50 The Public vs. Private Debate on
Blockchain, and the Future of
Permissioned vs. Permissionless
Distributed Ledgers
Peter Luce
Principal
Ouroboros LLP
Blockchain | Payments | FinTech
Gabriel Sukenik
Chief Executive Officer
Coinapult
Michael Bombace
Bank Secrecy Act Manager
Ripple
• Exploring the rising debate in crypto-circles of whether
the real future of blockchain(s) lies in public or private
networks
4. Join the Conversation ACI Financial Services @ACILegal / #ACIBlockchain4
• What exactly are the options at hand, and what are
the practical differences between the two styles of
blockchain?
• What are the fundamental values of blockchains in a
fully private context? What are the fundamental values
in a fully public context?
• Examining and weighing the elements of trust and
innovation in the debate over permissioned vs.
permissionless distributed ledgers
• Assessing the values of consortium blockchains
• What solutions are optimal for what industries and
uses?
• Will the future of this really be so black and white?
11:35 Blockchain Technology in the World of
Payments and Financial Transfers: Where
are We Now and What is on the Horizon?
Tahnee Singh
Director Product Management
American Express Company
Ronald Schwartzman
Chief Operating Officer & General Counsel
UniTeller Financial Services, Inc.
Professor Gideon Samid, PhD, PE
Chief Technology Officer
BitMint, LLC
Judith A. Lee
Gibson, Dunn & Crutcher LLP
Ed Wilson
Venable LLP
Moderator:
Jason Oxman
Chief Executive Officer
Electronic Transactions Association
• How are banks currently using bitcoin’s underlying
(blockchain) technology in the world of digital
currencies and payments (including international
payments)?
• As the decentralized ledger of the blockchain can also
be used to rapidly and cheaply transfer currencies
around the world, how will this impact:
- Global remittances
- Cross-border currency exchanges
- Inter-bank transfers
- Personal transfers between accounts
• While there has already been increased attention to
the legal issues raised by financial transactions using
virtual currencies, how does the legal landscape
get even more complex in the above areas when
discussing the implications of blockchain technology?
• How will the addition of intermediaries and more
distributed control further confuse the distinction
between what constitutes a currency, property
and a commodity?
• How are the major banks currently experimenting with
and assessing blockchain technology for use in their
own operations in areas such as international money
transfers?
• What are the functional, operational, legal and
regulatory implications of the implementation of
blockchain in this area?
12:55 Networking Lunch for Speakers and
Delegates
1:55 Self-Executing “Smart” Contracts
on the Blockchain
Houman Shadab
Professor at New York Law School
Co-Director – Center for Business
and Financial Law
Advisor – Augur Project; Crypto Facilities
Patrick Murck
Fellow – Berkman Center for Internet & Society
Harvard
Christopher T. Brown
Christopher T. Brown, Attorney at Law, PLLC
• Exploring the more advanced uses of blockchain
technology which center around “smart contracts” (i.e.
self-executing computer programs that automatically
fulfill the terms of a programmed arrangement)
• Examining the different types of potential smart
contracts and the different types of smart contract
platforms
• The potential of smart contracts to streamline complex
back office processes carried out by banks
• The future of contracts being embedded in software
instruments – what are the potential implications of
this?
• What significant challenges would these smart
contracts create for existing contract law? What are
the myriad of legal issues that this could trigger?:
- Voiding a smart contract in the case of duress,
mistake or misrepresentation
- The potential for a self-executing contract to make
specific enforcement remedies obsolete
- Privacy concerns; and beyond
• How could smart contracts actually lead to changes
in the legal industry?
• The potential need for lawyers to become familiar with
creating and advising on blockchain contracts; the
potential for lawyers to need to learn coding – what is
on the horizon?
• When is a smart contract an investment contract
and regulated as a security under US law?
5. Register Now | 888-224-2480 | AmericanConference.com/Blockchain 5
2:55 Property Registers and Intellectual
Property – Managing Registers of Assets
on the Blockchain
Ryan J. Straus
Riddell Williams P.S.
Lance Koonce
Davis Wright Tremaine LLP
Joshua Fairfield
Washington and Lee University School of Law
• Application of blockchain technology as a means
of supplementing or replacing systems of recordation
of ownership (such as property title registries)
• A discussion of blockchain as a tool for storing,
verifying and tracking changes in ownership of an
asset without the use of a centralized third party
• What are the potential business, legal and regulatory
implications of this?
• What are the potential fraud prevention benefits?
• Examining blockchain as a means of tracking
ownership and licensing of intellectual property on a
decentralized ledger (patents, copyright, trademarks
and more): How is this being looked at and by who? In
what different ways could this play out?
• How would the use of blockchain technology in the
context of IP require a doctrinal and legislative shift?
(e.g. in rem title rights versus in personam contractual
rights)
• How could blockchain systems change intellectual
property law as applied to digital products? (e.g.
doctrine of first sale in copyright)
• What privacy concerns could be triggered by the use
of blockchain as a system of recording, verifying and
managing registers of assets / property?
• What will be the functional, operational and regulatory
ramifications of implementing the blockchain in this
area?
3:40 Afternoon Break
3:50 The Impact of Blockchain on Securities
Transactions
R. Jesse McWaters
Project Lead – Disruptive Innovation in Financial
Services
World Economic Forum USA
Adam T. Ettinger
Sheppard Mullin Richter & Hampton LLP
• A discussion of the potential development of
blockchain technology for use in the securities
markets
• The potentially disruptive impact of the blockchain
technology on the existing securities transaction
ecosystem – what are the implications?
• What would the securities transaction lifestyle look
like on the blockchain as compared to today?
• What is the optimal design of a system based on
distributed ledger and blockchain to cover securities
lifestyle processing? Would it replicate the settlement
instruction lifecycle, or eliminate some steps along the
way? Would real-time delivery versus payment
be achieved?
• What would be the impact on the current range of
intermediaries in the securities transaction lifecycle
(e.g. custodian banks, CSDs, etc.?)
• Where are the opportunities for other kinds of
participants to become part of the securities
transaction lifecycle if using blockchain?
• What are the implications of having one part of the
transaction lifecycle on blockchain (e.g. settlement),
while others may not be on the blockchain (e.g. trade
execution)?
• What are the cost and risk implications of securities
transactions on blockchain?
• What technology requirements need to be in place
for global securities transaction processing using
blockchain? How does this compare to what exists today?
• How is the development and use of blockchain
technology likely to increasingly implicate securities laws?
4:35 Other Alternative Uses of Blockchain
Technology (Beyond Bitcoin): Examples
of Action and Their Potential Operational,
Legal and Regulatory Ramifications –
Notarizations, Voting Systems, Crowd
Funding, Identity Verification and Beyond
Sarab Sokhey
Executive Advisor
Verizon Wireless Inc.
Greg Kidd
Advisor – Ripple Labs
Co-Founder – Global ID Framework
Stan Stalnaker
Founding Director
Hub Culture
Mark Thibodeaux
Sutherland Asbill & Brennan LLP
Keith J. Barnett
Troutman Sanders LLP
• Exploring other potential applications of blockchain
technology outside of bitcoin
- Notarizations
- Voting systems
- Crowd funding
- Identity verification
• Start-ups and projects worth following
• What are the operational, legal and regulatory
implications of these alternate use cases?
6:05 Conference Adjourns
7. Register Now | 888-224-2480 | AmericanConference.com/Blockchain 7
ACI certifies that the activity has been approved for CLE credit by the
New York State Continuing Legal Education Board.
ACI certifies that this activity has been approved for CLE credit by the
State Bar of California.
You are required to bring your state bar number to complete the appropriate state
forms during the conference. CLE credits are processed in 4-8 weeks after a
conference is held.
ACI has a dedicated team which processes requests for state approval. Please
note that event accreditation varies by state and ACI will make every effort to
process your request.
Questions about CLE credits for your state? Visit our online CLE Help Center at
www.americanconference.com/CLE
CONTINUING LEGAL
EDUCATION CREDITS
American Conference Institute (ACI) will apply for Continuing
Professional Education credits for all conference attendees who
request credit. There are no pre-requisites and advance preparation
is not required to attend this conference.
Course objective: The legal system for Blockchain Technology with an emphasis
on its relationship to business.
ACI is registered with the National Association of State Boards of Accountancy
(NASBA) as a sponsor of continuing professional education on the National
Registry of CPE Sponsors. State boards of accountancy have final authority
on the acceptance of individual courses for CPE credit. Complaints regarding
registered sponsors may be addressed to the National Registry of CPE Sponsors,
150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417 or by visiting the
web site: www.nasba.org. To request credit, please check the appropriate box on
the Registration form.
CONTINUING PROFESSIONAL
EDUCATION CREDITS
ABOUT THE VENUE:
Over a century ago, this
luxury hotel in New York City’s
Midtown area helped transform
the neighborhood into one of
Manhattan’s most desirable areas.
Today, this Midtown Manhattan hotel’s new, modernized
look makes it a centerpiece of the city’s NoMad (North
of Madison Square Park) neighborhood located north
of the Flatiron building and south of Herald Square. At
The Carlton Hotel in New York City, guests seeking an
extraordinary urban getaway will be pleasantly surprised
by its seamless integration of old-world charm and
modern flare.
American Conference Institute is pleased to offer
our delegates a limited number of hotel rooms at a
preferential rate. Please contact the hotel directly at
212-532-4100 and mention "ACI April pogram" or code
A64A64E to receive this rate.You can also book online
at: http://tinyurl.com/Blockchain2016
Earn
CLE
Credits
12:50 “In the Trenches” Case Study: Using the
Lessons Learned from the Prepaid Card
Industry, for Blockchain and Distributed
Ledger Organizations to Fight Financial
Crime in All Phases of Product Evolution
Kirsten Trusko
President
IRC Advisory
former President Network Branded Prepaid Card Association
James Dean
President & CEO
TrueCourse Advisory Services, LLC
Co-chair Law Enforcement Alliance Program
NBPCA/NCFTA
Kenn Kern
Assistant District Attorney
New York County District Attorney's Office
• There are lessons learned (good and bad) from the
prepaid card industry on what to do and distinctly
what NOT to do as an emerging financial product
that are directly relatable to what Blockchain and
Distributed Ledger Organizations are currently
facing. This session will help these emerging financial
services industries accelerate through some of the
harder steps of industry evolution, including working
with investors, media, legislators, regulators, and on
dealing with money laundering and terrorism financing
issues. Blockchain attendees will leave the session
with concrete steps on how to grow faster and more
profitably and avoid the growing pains and land mines
that can not only impact revenues but also stop/slow
business in its tracks.
2:00 Conference Ends
8. R E G I S T R AT I O N F O R M
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if you wish to send a substitute participant. If you are unable to find
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days of the conference start date. Delegates may not “share” a pass
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reserves the right to cancel any conference it deems necessary and
will, in such event, make a full refund of any registration fee, but will not
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limited number of hotel rooms at a preferential rate. Please contact the
hotel directly and mention "ACI April Program" or code A64A64E to
receive this rate.
Venue: The Carlton Hotel
Address: 88 Madison Ave, New York, NY 10016
Reservations: (800) 601-8500
Online reservations: http://tinyurl.com/Blockchain2016
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American Conference Institute, the creator of the renowned forums on Emerging Payment Systems
and Prepaid Card Compliance, now brings you its National Forum on:
BLOCKCHAIN & DISTRIBUTED LEDGER TECHNOLOGY
Innovation, Operation and Legal & Regulatory Implications
April 13 – 14, 2016 | The Carlton Hotel on Madison Avenue | New York, NY