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This seminar will explore the contrasting perspectives of cryptocurrencies: Fraud or Innovation. If it’s innovation, how can banks address the strategic risks and opportunities enabled by cryptocurrencies such as bitcoin and ethereum with their underlying blockchain technologies. If it’s fraud, how can banks protect their stakeholders? Or can cryptocurrencies transform from fraud to genuine innovation?
Bitcoin is the 1st generation of crypto-assets, and ethereum, with its programmable platform, is the 2nd generation. Perhaps a future generation of crypto-assets with intrinsic value will attract even Warren Buffett. Microsoft finally got Windows right only with its 3rd generation, i.e. Windows 3.X.
Takeaways will include strategic options (for commercial bankers), and policy choices (for central bankers) to guide future actions.
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