Individual Viewer

If I Were a Virtually Rich Man: How the Bitcoin Revolution Will Affect the Banking and Commercial Payments World

Length: 1 hour 53 minutes

Whether on-line currencies such as Bitcoin turn out to be the subject of intense regulationor simply a new and more efficient way of accommodating payments, this phenomenon is not going to go away.  As a column in Forbes magazine recently noted, it remains to be seen what happens with Bitcoin, but retailers, especially those who make their money in the on-line world, are taking notice.  As a result, lawyers whose clients will likely be impacted by on-line currency systems need to pay attention to and understand the wide range of legal issues of constitutional, criminal, and commercial significance.   
In this program, our moderator will lead a panel of experts in a review and discussion of the critical legal issues that are being raised by on-line currency systems.  Topics to be covered during this interactive panel discussion will include an overview of such systems, a discussion of the current views of federal and state regulatory bodies regarding such systems, the extent to which current banking regulations will likely impact such systems, the need for and practicability of uniform laws across the state lines affecting such systems, and the impact of such systems on debtor-creditor and federal bankruptcy laws.
Program Chairs: Michael R. Gordon, Manatt, Phelps & Phillips, LLP and Tyler A. Probst

CLE credit: New York: 2.0 professional practice; New Jersey: 2.2 general; California and Pennsylvania: 1.5 general


6:00 – 6:10 p.m. Introduction to the Topic

6:10 – 6:20 p.m. The State of the Digital Currency Industry

6:20 – 6:30 p.m. Current and Future Laws and Regulations Impacting Digital Currency Min

6:30 – 7:00 p.m. The Impact of Digital Currency on the Operations of Financial Markets
• Bank secrecy, money transmitting, EFT
• Bankruptcy
• Securities trading

7:00 – 7:30 p.m. Governmental Concerns
• Money laundering
• Terrorist financing
• Other

7:30 – 8:00 p.m. Q&A

Original Recording Date: 4/28/2015

Produced By:

New York City Bar Association

Course Materials

  • If I Were a Virtually Rich Man
  • Affirmation of Self-Study