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An Introduction to Bitcoin and the Blockchain
Within the past few years, Bitcoin has developed from a relatively obscure, peer-to-peer digital payment transmitted over the internet to global acceptance as a means of payment for goods and services by as many as 10,000 companies worldwide. Since 2014, legal decisions and regulations have recognized Bitcoin and other virtual currencies in mainstream commerce. The U.S. Commodity Futures Trading Commission recognizes Bitcoin as a commodity and subject to Commodity Exchange Act (CEA) and CFTC Regulations. You also will learn about blocks and blockchain, the cryptographic technology that essentially serves as public ledger of transactions, one the main technical innovation of bitcoin.
Join us for a one-day program to better understand decentralized digital currencies and the blockchain. Learn how it works, its tangible benefits and what it means to the financial services industry.
After the course you will be able to:
- Describe how Bitcoin got started, and consider if it's here to stay.
- Define the advantages to transacting in Bitcoin or other virtual currencies.
- Distinguish the regulatory agencies supervising Bitcoin transactions and which regulations apply to Bitcoin market participants.
- Understand how the daily currency settlements between Bitcoin and sovereign currencies are determined.
- Explain how derivatives are used to hedge exposure to Bitcoin exchange volatility.
- Understand the block chain technology or universal ledger and why is it important to the future of virtual currencies.
Who Should Attend? Anyone who is interested in understanding digital currency and blockchain and/or contemplating its role in derivatives markets.