2018 - Cyber Currency - What is it, How it Works, and current Regulations?

If 2017 was the year of the ICO, it seems as if 2018 is destined to become the year of regulatory reckoning. Things have already begun to heat up as countries around the world grapple with cryptocurrencies and try to determine how they are going to treat them. Some are welcoming, others are cautious. And some countries are downright antagonistic. Here is a brief overview of how 15 countries/unions from various regions are treating cryptocurrency regulations.
Bitcoins have gotten much more traction than early detractors and pundits expected. With that reality, what do banks need to do, if anything, to prepare for their existence and surprising acceptance?
This session will present the fundamental workings of virtual currencies with an emphasis on bitcoin and the current state of the regulatory front. How bankers might approach virtual currencies and some thoughts about what the future might hold for bitcoin. Bitcoin and blockchain are here to stay - what does that mean to your institution? How banks can use the blockchain to prevent money laundering as it could help by recording each leg of a transaction, making its ultimate destination easier to trace. Once you understand the fundamentals, you will be able to determine what this means to your institution.