New York to Gather Crypto Investors This June

Bitcoin and Cryptocurrency Investment Summit will take place in New York City in the Metropolitan Pavilion on June 11-12, 2018 
08 June 2018   420

Bitcoin and Cryptocurrency Investment Summit (“BCI Summit”), an annual conference dedicated to educating investors about safe and lucrative investment strategies in cryptocurrency and connecting investors with blockchain and cryptocurrency technologies and opportunities, is excited to announce its new media partners CoinTelegraph and BTCManager as wellpress coverage from CoinDesk, Bloomberg, and CNBC Africa.

New speakers include:

Ryan Taylor
Ryan Taylor

Ryan Taylor, CEO of DASH

Arianna Simpson
Arianna Simpson

Arianna Simpson, an early stage investor and one of the Top 40 Women of Bitcoin

Artem Creeze

Artem Crezee, CEO of BlockShow and ex-CMO of CoinTelegraph.

These partnerships give BCI Summit a greater exposure in the digital asset investment space, most notably relationships and additional sales channels throughout Europe, Russia as well as parts of Asia.

We are thrilled to be announcing BCI Summit’s new partners and entering new territories across the globe. There’s so much noise about Bitcoin and other cryptocurrencies, but we’re looking to be the voice of reason. Informing and involving the institutional investment community is the best way to both listen to current concerns and move the industry forward.
 

Max Artemenko

Founder, BCI Summit

The BCI Summit focuses on six major areas in cryptocurrency investment. The first is valuation: investors will learn techniques utilized to model strengths, weaknesses, and the value of cryptocurrency. Investors will also learn about the pricing of cryptocurrency investments and cryptocurrency inter-dependence and monetary fluctuation. They will also learn how to make their portfolio as lucrative and safe as possible, with diversification (the amount of exposure investors should allow in their portfolios), hedging (how to protect cryptocurrency investments in case of a downturn or market correction), and security (how to evaluate risks, threats, and cautionary measures). Even further, investors will learn how to best report their investments.

Past BCI Events
Past BCI Events
Past BCI Events
Past BCI Events
 

There will also be panel discussions with some of the top experts in cryptocurrency investment in the most debated and essential topics in the field. On Monday, June 11, there will be a panel discussion titled State of the US and Global Regulations which will feature world-renowned legal counsels and regulators that will discuss anticipated regulatory actions and how they will impact the blockchain and cryptocurrency industry. Another discussion on Tuesday, June 12, titled Tokenization of Commodities, will have industry experts discuss how new utilization methods disrupt a variety of sectors such as precious metals, energy, healthcare, and more.

For more information on BCI Summit, to purchase tickets, contact the registration/sponsorship team, or sign up for company updates, visit website. Follow on Twitter.

Bitcoin and Cryptocurrency Investment Summit (“BCI Summit”) will be taking place on June 11-12th, 2018, at the Metropolitan Pavilion in New York City.

BCI Summit is a networking organization dedicated to helping educate investors about the technologies, safe practices, exchanges as well as the various new ETFs, Futures and other exchange traded instruments in the cryptocurrency investment universe. 

Media Relations at email: nicolew@bcisummit.com

Korea to Hasten Crypto Regulation After Bithumb Hack

As reported, recent Bithumb hack will fasten the process of implementing the country’s first crypto regulatory framework
20 June 2018   84

South Korean authorities have previously announced that they will regulate the exchange of cryptocurrency on a par with banks and tighten the requirements for them. Today's hack of the Bithumb exchange will speed up the process of developing the first fully-fledged legal framework for cryptocurrencies regulating in the country, CCN reports.

On June 11, after several months of discussions, the South Korean government and local financial regulators, including the Financial Intelligence Service, came to the conclusion that it was necessary to properly regulate the crypto-currency market with an eye to protecting investors and preventing large-scale hacker attacks.

Under current regulations, there are clear limitations in preventing money laundering on crypto exchanges because the only way authorities can spot suspicious transactions is through banks. If the bill of lawmaker Jae Yoon-kyung from the Democratic Party of Korea passes, local authorities will be able to impose identical regulations on crypto exchanges that are implemented on commercial banks.
 

Spokesperson from the Korea Financial Intelligence Unit 

 Despite the absurdity of the situation, at present, the crypto exchanges in South Korea is regulated as providers of communication services. In other words, to start the exchange it's enough to have about $ 30. Since exchanges of digital currencies have this status, government agencies and financial regulators do not directly supervise their activities.

On June 18, for the first time in history, local authorities acknowledged that the South Korean government was slow to implement rules to regulate the scope of the cryptocurrency, because it feared that investors would perceive this as a permissive signal for investing in digital assets and a sign of their legitimacy.

An increasing number of officials begin to share the view of a member of the National Assembly Committee Park Yong-kin, who said in late 2017 that the government cannot simply leave cryptocurrency exchanges unregulated because it only worsens the cryptocurrency sector.

We are frustrated as well. We fully understand that the government is reluctant towards regulating the cryptocurrency market because it will inevitably lead investors to consider it as the government’s way of legitimizing the market. But, if the government leaves the cryptocurrency market unregulated, it is simply leaving it vulnerable to variou issues.
 

Park Yong-kin

Member, National Assembly Committee

Local analysts say that officials already planned to speed up the development of measures for control in the cryptocurrency sector after hacking of CoinRail exchange, and the attack on Bithumb, which neither investors nor authorities were ready, will force lawmakers and regulators to present legal acts that will put the crypto exchange on one step with the banks, in even shorter terms.

Once the law is passed, the exchange need to work with local financial authorities and comply with safety standards if they want to continue to operate in South Korea. It is expected that the intervention of the Financial Intelligence Service and the Financial Services Commission will lead to significant improvements in the data processing, security and infrastructure of such sites.