DIGITAL ASSET
EXCHANGE EXPO

Sep 3, 2019

Park Hyatt Busan
Busan, Korea

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Digital Asset Exchange Expo

Digital assets are borderless and regulatory frameworks for digital assets call for cross-border discussion. Coindesk Korea and Busan Metropolitan City are hosting <DAXPO Busan 2019> on September 3 to convene regulators, industry leaders and policy experts from all around the world to discuss regulatory issues and policy developments that could contribute to a safer and more sound way industry without hindering innovation.

Organizer

Topics

FATF recommendations

The Financial Action Task Force is imposing existing standards for wire transfers, commonly referred to as the “travel rule”, on blockchain transactions. Many in the industry argue that monitoring transactions on blockchains in this way is impossible or could result in untended outcomes. But this does not mean that blockchain companies don’t care about money laundering and terrorism financing.

The FATF officials, AML experts, regulators and industry leaders from around the world will discuss ways to keep digital asset from being exploited by bad actors.

Market Integrity

Preventing -money laundering and financing of terrorism are a few of the challenges the cryptoasset industry is facing. Wash trading, price manipulation, insider trading using material-non public information, embezzlement and, hacks are common concerns raised about market integrity. Leaders in the industry are well aware of these concerns and are working respectively or collaboratively to heighten compliance standards. New players such as custodians and, insurance companies joining the industry are also driving force towards market integrity.

Compliance officers from leading crypto exchanges, data scientists, cyber security experts, market analysts and, professionals from traditional finance will share their assessment on current market situation, and discuss variety of measures that are needed to enhance market integrity.

Self regulatory organizations

Many companies in different countries are forming alliances or associations to establish standards or seeking approval from their governments to establish self regulatory organizations SROs have been working effectively in financial sector for a long time, but in some countries the SRO model is something.new.

Industry associations from different countries will share their achievements, challenges, strategies and discuss how collaboration can positively impact this fragmented, borderless market.

Asset tokenization/Security tokens

While most blockchain companies and projects were struggling to design utility tokens to avoid security laws, more and more companies are proposing bold plans to issue and trade security tokens.

Pioneers in this new field will share their experience with regulators and their views on future of finance.

Advisory Boards

The following professionals are providing advice in developing
agenda and inviting speakers to make DAXPO 2019 successful.

Speakers

Agenda

09:00-09:30

Arrivals, Coffee & Networking

09:30-09:40

Summit Introduction: Digital assets and the new asset intelligence: Gateway to transparency, inclusion and next generation growth.

Opening Remarks and Summary for the day

09:40-10:10

An Introduction to The Financial Action Task Force

The esteemed past presidents of FATF will elaborate on what the FATF is, their mission and mandate and the challenges they are tasked with solving.

10:10-10:40

New FATF guidelines: What do they mean for cryptoasset participants?

The current FATF secretariat will present the new guidance and elaborate on FATF’s expectations around policy and legislative implementation and the development of the technical solution to ensure compliance.

10:40-11:10

Complying with FATF Guidelines: An industry view

Following the adoption by the FATF of new recommendations for Virtual Asset Service Providers in June, our panelists will discuss how the industry is approaching a compliant solution for VASP’s to adhere to the new guidelines, including how to securely share and receive customer data and adopt standards around reporting suspicious activity.

11:10-11:30

Coffee Break

11:30-11:50

Research Presentation: The Global Cryptoasset Regulatory Landscape Study

The Cambridge Centre for Alternative Finance recently conducted an in-depth examination of 23 jurisdictions providing a comprehensive analysis that contrasts various regulatory approaches in order to shed light on regulatory challenges and opportunities.

11:50-12:20

Digital Asset Governance: The Regulatory Perspective

Regulators have a unique role in the development of the blockchain revolution. Its innovative power creates new opportunities and challenges. Every nation wants to attract blockchain jobs and revenue growth. The peer to peer nature of the technology presents real challenges for regulators and governments as they seek to carefully balance protecting consumers, ensuring market integrity and nurturing innovation.
This panel of global regulators will discuss how they are approaching implementing global and regional policy initiatives such as the AMLD5 directive and FATF guidance and shed some light on how industry can better collaborate with regulators through sandbox initiatives and open consultations.

12:20-12:50

Identifying Market Manipulation: An industry Benchmark

In response to growing industry concern sparked by research identifying inflated trade volumes created by wash trading and other strategies such as spoofing and incentivized trading schemes, CryptoCompare has launched an Exchange Benchmark product that ranks over 100 crypto spot exchanges worldwide.

12:50-13:30

Market Integrity: Ethics & Trust

Questions around market integrity and opacity persist as major obstacles to instilling confidence in the crypto markets.

As the cryptoasset market grows, how do we address concerns around reputational risk and a lack of trust within what is lauded as a ‘trustless’ system. Our panel will discuss market surveillance, data integrity, and the steps their businesses are taking to promote transparent and fair markets.

13:30-14:30

Lunch

14:30-14:50

Global Standards & Best Practices: Enabling Self Regulating Governance

Creating conduct and operating standards for cryptoassets and digital finance technologies is an important step in establishing a shared rulebook amongst market participants and gaining the credibility required with policy makers and regulators to enable adopted and support self-regulating governance initiatives.

Global Digital Finance will present the outcomes of a community-led consensus approach to articulating best practices with input from the global regulatory community.

14:50-15:20

Maturation of Crypto: The role of self-regulating organisations industry standards

As legal and regulatory frameworks continue to develop, how does the industry demonstrate to their peers, the market and policy makers that crypto is growing up and evolving into a sustainable asset class?
Market integrity and sound governance begin with establishing best practices leading to conduct standards which can be measured for efficacy. This panel of industry advocates will discuss how they are working to promote transparency, accountability and consumer protection standards in partnership with market participants, policymakers and regulators.

15:20-15:50

Safeguarding Customer Assets: the role of the crypto custodian

Custody remains an important obstacle in the crypto industry. Bearer instrument cryptographic keys present unique obstacles to traditional custody providers.
Custodian experts in both traditional finance and digital assets will discuss building solutions designed for institutional safekeeping, how to ensure security while balancing accessibility and lessons learned from recent hacks and system breaches.

15:50-16:10

Security Tokens: the Institutional Capital On-Ramp?

The ICO boom led to an innovation and capital raising boom, however projects are now under scrutiny by Securities regulators around the world. This uncertainty has kept institutional capital on the sidelines. As traditional finance and digital asset finance continue their head-on collision, securities tokens may offer the next wave of innovation.

16:10-16:30

Coffee Break

16:30-17:00

Case Study: Building an Enterprise Grade Digital Asset Platform

SIX Group, the Swiss stock exchange operator, chose R3’s Corda Enterprise platform as the underlying blockchain for their digital asset trading, settlement, and custody service it is building after assessing the various (DLT) stacks available.
R3 will present why their technology was the best fit for SIX, with technology designed for a highly regulated space supported by the open-source Corda ecosystem.

17:00-17:30

The State of Stablecoins: Can Stablecoins Solve Token Volatility?

Some view tokens and digital assets as evolutionary, but they are still highly volatile. Is a cryptoasset without volatility really achievable and what value do these tokens hold outside of crypto markets? What use-cases hold the greatest promise? As stablecoins explode on the scene and corporate coins emerge, our panel discusses graduating from arbitrage to enterprise.

Enterprises are tokenizing—be it for capital formation, payments or customer loyalty. How will tokenization and decentralized systems impact existing business models and processes? The panel will debate what is truly at stake as Stablecoins and Corporate tokens to come of age and emerge as a useable digital asset instrument.

17:30