Unmasking Cryptocurrency

The Connecticut Department of Banking and the Securities Advisory Council to the Banking Commissioner are offering this free virtual event, moderated by Donna Brooks, a partner in the Business and Finance group at Shipman. Donna will be joined by three panelists: Peter Bilfield, a partner at Day Pitney; Mark Klein, a principal at Brody Wilkinson PC, and Liz Mullin, Staff Attorney, Securities and Business Investments Division at Connecticut Department of Banking.

As a new electronic medium of exchange, cryptocurrency (or digital currency) does not represent U.S. or foreign currency but relies on cryptography to secure transactions that are digitally recorded on a distributed ledger such as a blockchain. Bitcoin and tokens are units of cryptocurrency.

This lunchtime session will unveil the mysteries behind this often misunderstood financial product, including:

• What is cryptocurrency and how does it function?
• How are digital financial products sold and marketed?
• What federal and/or state laws may apply to cryptocurrency?
• Are cryptocurrency products securities?
• What risks do investors face when investing in cryptocurrency?
• Have regulators taken any significant enforcement actions in the cryptocurrency arena?

Course Level: Introductory

Attendees will have the opportunity to ask questions and share experiences in advising clients regarding cryptocurrency.

The webinar is offered on the Microsoft Teams platform, and you can register here. To learn more about this event, click here.

Neither the Connecticut Judicial Branch nor the Commission on Minimum Continuing Legal Education approves or accredits CLE providers or activities. It is the opinion of this provider that this webinar qualifies for up to 1 hour toward your annual CLE requirement in Connecticut, including 0 hours of ethics/professionalism.