Sep 3, 2019
Park Hyatt Busan
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.
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.
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.
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.
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.
The following professionals are providing advice in developing
agenda and inviting speakers to make DAXPO 2019 successful.
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.
Global Digital Finance will present the outcomes of a community-led consensus approach to articulating best practices with input from the global regulatory community.
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.