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EVENT DETAILS |
6-6:30 - Registration
6:30-7:30 - Panel
8-9 - Holiday Drinks at Park Avenue Tavern
Ever since Facebook announced its new payment system, Libra this Spring, there has been a outpouring of criticism by the global financial community. Comments were not confined to the usual suspects, namely the crypto currency community, but included the entire world monetary system, because Facebook has 2.4 billion users, a scale which could achieve mass adoption quickly.
Reaction from US regulators has been extremely negative, with some top regulators demanding that Facebook stop work on Libra until legislators have determined ways to regulate it.
Reaction from China has also been intense but on a competitive basis. President Jinping Xi, proclaimed that blockchain was an important strategic technology for China, the day after Zuckerberg testified before the US Congress. China heard Zuckerberg say that while US regulators were stalling, China was pushing full steam ahead with his own digital currency; to ensure that the US dollar didn't gain additional dominance in world market ahead of China's national currency.
What is to prevent other countries or large tech from issuing their own versions of a digital currency? JP Morgan already has already issued JPM Coin while IBM & the Bank of England have studied the issuing their own currencies.
To ponder the implications of Facebook Libra on the global monetary system, please join our panel discussion on Dec 17 at 6:30 pm & listen to four experts debate this question.
Panel:
Neepa Patel - Chief Compliance Officer at R3, & a former NYS regulator
Wilfred Daye - Head of Financial Markets - OKCoin
Paul Brodsky - Partner at Pantera Capital
Paul Atkins - Chief Executive of Patomak Global Partners
Mitchell Dong - Managing Director of Pythagoras Investment Management
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