The Future Of Cryptocurrency: How Does It Revolutionise The Businesses

Past Programmes

02
Nov 2019

8:30 am - 5:00 pm

Hotel Royal, Penang

10 CPE

MYR 1050 *Fee is not inclusive of 6% SST

Cryptocurrency has risen to be one of the most celebrated class of digital assets (money) around the world. As of December 2017, total market capitalisation of cryptocurrencies has reached over US$465 billion. Acknowledging that there is increasing demand for cryptocurrencies and its unexplored potential, a number of countries have passed certain form of regulations facilitating the transactions of these digital assets.

With the increased number of participants and volume of transactions carried out day to day, experts believe that regulating the cryptocurrency industry is pertinent to ensure consumer protection. Recently, the Minister of Finance (MOF) has announced that the regulations for digital asset or cryptocurrency exchanges and Initial Coin Offerings (ICOs) will come into force by first quarter of 2019.

This programme aims to provide the latest cryptocurrency update while understanding the risks and challenges around it. Key areas covered will include role of the crypto exchanges, ICOs, trading and mining of cryptocurrency, anti-money laundering and anti-terrorism financing as well as tax considerations. The programme will also deliberate on cryptocurrency space in Malaysia post MOF regulations announcements.

Programme Objective

Participants will be able to evaluate the opportunities, issues and challenges within the cryptocurrencies ecosystem and discuss the existing regulatory measures associated with the industry.

Learning Outcomes

By the end of this programme, participants will be able to:

  1. Describe the features of existing cryptocurrencies and ICOs
  2. Recognise the risks, issues and potential pitfalls associated with cryptocurrencies and other digital currency transactions
  3. Assess the need for optimum control and adequate regulatory framework to address related issues
  4. Evaluate the potential use of cryptocurrencies in Malaysia and globally

Competencies

Functional (Technical) – Digital Technology Application (Level 3)
Foundational (Regulatory) – Anti-Money Laundering (Level 3)

Target Audience

Individual 

Dealers, trading representatives, fund managers and analysts.

Institutions 

PLCs, SMEs, cryptocurrency exchange companies, legal firms, consultancy firms, accounting firms, fund management companies, stockbroking firms, investment banks and fintech related companies and associations.

8.30 am Registration
9.00 am Cryptocurrency 101

  • Types of cryptocurrencies
  • The cryptocurrency eco-System
  • Cryptocurrency mining

Fundamentals of Initial Coin Offerings (ICO)

  • What is an ICO? Where does it come from?
  • How does it work?
  • The mechanics – rights attaching to the coins
10.30 am Coffee Break
11.00 am Challenges and Issues Facing Cryptocurrency

  • History and development of cryptocurrencies
  • Main uses of cryptocurrency
    • Speculation
    • Virtual currency
    • Payment rail
    • Non-monetary
  • Main uses of cryptocurrencySpeculation
    • Control
    • Jurisdiction
    • Criminal financial activity
    • Hacking

 

1.00 pm Lunch Break
2.00 pm Regulatory Landscape of Cryptocurrencies and ICOs Around the Globe

  • Legal status of cryptocurrency
    • Absolute ban
    • Implicit ban
    • Natural and not regulated
    • Legal and regulated
  • Existing regulations for cryptocurrency
    • Tax law
    • Anti-money laundering and anti-terrorism financing law
    • Exchanges, trading and mining
    • Issuing ICOs

 

3.30 pm Coffee Break
3.45 pm Safeguarding investors’ interest

  • Stability
  • Security
  • Reliability
  • Transparency

 

5.00 pm End of Programme

EDGAR GASPER

Edgar Gasper is currently serving as a Resident Advisor for Blockchain and Technology. Edgar has been exploring Blockchain technology and Digital Assets since 2012 while he was a Technical Trainer for a computing MNC. In addition to his role as a trainer, he has also extensive experience in project management and application deployment. Edgar’s extensive knowledge and enthusiasm plays a pivotal role in accelerating the growth of SINEGY.

KEVLYN CHUAH

Kelvyn Chuah currently serves as the Founder and Managing Director of SINEGY. From Penang, Kelvyn is recognized to be one of the youngest Malaysian to obtain the Series 7 qualification in Wall St., New York. Subsequently, his professional career started in market-making and eventually included arbitrage in foreign equities. He has established trading desks across several institutions before returning to Malaysia to pursue other ventures before SINEGY.

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