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2020 ILS Virtual Annual Meeting - Cryptocurrency Opportunities and Perils: Promoting Responsible Innovation [CC]
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2020 ILS Virtual Annual Meeting - Cryptocurrency Opportunities and Perils: Promoting Responsible Innovation [CC]
The panel will explore the role of corporate social responsibility and anti-money laundering compliance in fostering responsible innovation in this rapidly evolving financial market and the challenges that regulatory uncertainty poses to continued growth in the cryptocurrency space.
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Closed Captioned. Proponents promote cryptocurrency as a means of empowerment: claims to empower individuals beholden to unreliable governments and financial institutions after the financial crises (e.g., the Bitcoin Network) and to benefit the unbanked and underbanked (e.g., Facebook’s Libra). However, cryptocurrencies also have empowered criminal actors that threaten international stability and national security. Bitcoin is the payment method of choice on the dark web, and billions of dollars have been lost to hacking, crypto-mining malware, and other malfeasance. The panel will explore the role of corporate social responsibility and anti-money laundering compliance in fostering responsible innovation in this rapidly evolving financial market and the challenges that regulatory uncertainty poses to continued growth in the cryptocurrency space.
Product Details
Panelists
Albert Jacques Janet, Amy Davine Kim, Helen Gugel, Isabelle Corbett, Jeremy Glicksman, Teresa Marie Goody Guillen, Joanna Ritcey-Donohue
Sponsors
Section of International Law
Product Code
IC2006INTW10OLC
Duration
90
Publication Date
6/1/2020 12:00:00 AM
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