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Cryptocurrencies: The Year of Regulatory Reckoning
Can governments tame the new financial Wild West?
Governments around the world are conflicted by cryptocurrencies.

• Some are welcoming, seeing the potential benefits of the underlying blockchain technology to their economies and not wishing to stifle innovation in fintech.

• Others are cautious about the threat posed to their fiat currencies and control of monetary policy and what they see as an anonymous conduit for money-laundering and financing terrorism and crime.

• Others, still, are antagonistic towards a development they believe to be fraught with dubious investments and frauds, a view captured by Agustin Carstens, head of the Bank for International Settlements (BIS), who described the most widely used cryptocurrency, bitcoin, as "a bubble, a Ponzi scheme and an environmental disaster".

Yet expanding institutional and retail participation in cryptocurrency markets, the billions of dollars raised by initial coin offerings (ICOs) and the adoption of cryptocurrencies by Russia and Venezuela to circumvent international financial sanctions are forcing governments to define policy. G20 finance ministers and central bankers will be tackling how to do that in an internationally coordinated way at their summit in Buenos Aires on March 19-20.

Among their challenges:

• How can cryptocurrencies be regulated so they do not pose a systemic threat to financial systems, and yet the regulation does not supress innovation?
• How can consumer financial protections be extended to cryptocurrencies and retail fintech products and services?
• What measures are necessary to ensure that cryptocurrencies and blockchains are not vulnerable to cyber attack?
• How can traditional banks be integrated with the emerging fintech technologies, or will they be disintermediated?

Share your thoughts on the above and put your questions to three of Oxford Analytica's senior advisors in our conference call on Tuesday, March 20, 15.00 GMT, 11.00 EDT.

Mar 20, 2018 3:00 PM in London

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Etienne Brunet
Investment Executive and Venture Capital Associate @Illuminate Financial
Since co-writing in December 2015 one of the most detailed studies on the blockchain sector, Etienne Brunet has been involved in the blockchain ecosystem building relationships among different market participants ranging from startups, technology companies, and financial institutions. Etienne is regarded as a reference person in the blockchain ecosystem by technology press.
Rory MacLeod
@Oxford Analytica
Former head of the Global Fixed Income and Currency team at Baring Asset Management in London, Rory worked in the financial area as a fund manager until 2003. Since then he has been an independent consultant specialising in advising central banks in emerging markets and since 2003, Managing Director of Objective Analysis. From 1985 to 1989, he worked in Saudi Arabia as an advisor to the Saudi gov.
Lucas Kello
Director of the Cyber Studies Programme @University of Oxford
Lucas Kello is Senior Lecturer in International Relations at Oxford University. He serves as Director of the Cyber Studies Programme, a major research and teaching initiative on all aspects of the modern information society. He is also Co-Director of the interdisciplinary Centre for Doctoral Training in Cyber Security at the Department of Computer Science.