Regulating cryptocurrencies and ICOs.
Held on Tuesday, March 20, 2018, 8.30-10.00am.
Tom Robinson (Elliptic)
Antoinette O’Gorman (Ripple)
Charles Beach (Lendingblock)
Bitcoin, Ripple, Ethereum, Litecoin… an ever-increasing number of “cryptocurrencies” – decentralised databases that process transactions using their own, native “currencies” – have become mainstream over the past couple of years. Whether they are worth the hundreds of billions that some ascribe to them or not, they have become a significant tool for transferring value and for raising funding through the issuance of “initial coin offerings”.
They are also (as their name suggests) heavily encrypted, offering a shield of privacy that has attracted attention from criminals and governments alike. While the FCA has been studiously neutral towards the technology, the Treasury Select Committee has launched an inquiry into cryptocurrencies – their opportunities for business, their risks for consumers, and how they should be regulated.
So, should cryptocurrencies be regulated any differently from the digital securities they (often) mirror? And what can the UK learn from more proactive jurisdictions? I am delighted to say we have assembled a group of crypto-cognoscenti to address the issues:
- Tom Robinson is the COO and co-founder of Elliptic, a Bitcoin analysis firm that specialises in providing intelligence to law enforcement and security agencies worldwide. He is also the co-author of a recent study entitled “Bitcoin Laundering: An Analysis of Illicit Flows into Digital Currency Services”.
- Antoinette O’Gorman is Chief Compliance Officer at Ripple. Prior to joining Ripple, she held senior compliance and compliance advisory roles at Promontory Financial, HSBC, and Union Bank.
- Charles Beach is a former chief risk officer at IG Markets, currently senior adviser on risk and regulation to Lendingblock – a digital asset lending platform that is pursuing an ICO. He has previously held senior risk and risk advisory positions at UBS and PwC.
If you (or a colleague) would like to join us for what I am sure will be a lively discussion, please let us know by emailing firstname.lastname@example.org or phoning the Centre (0207 621 1056). As usual, there will be coffee, tea and buns.