Includes the SG's AGM

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SPEAKERS
Dai Davis

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AGENDA
18:15 - Financial Services SG AGM

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SYNOPSIS
The internet has spawned many spin-offs: after avatars and virtual worlds, it was only a matter of time before virtual currencies were born. While some of those currencies, such as Linden Dollars are tied to proprietary systems such as Linden Labs’ “Second Life”, others are free-standing and self- sustaining such as Litecoin, Peercoin and Namecoin not to mention the more well-known Bitcoin. Another type of currency that fits into the “non-tangible” category is the more widely adopted “PayPal” system. More recently Facebook is looking to establish its own “Libra” currency.

In this talk, Dai will look at what has driven and will continue to drive the rise of virtual currencies. Why are “institutions” such as the government and banks worried? Should they be? Dai exposes the benefits and risks of virtual currencies and looks at the avenues for legal redress. All the crimes that can take place in real worlds with real currencies can and do take place in virtual worlds. From the pyramid selling scams of Ginko Bank in Second Life to the collapse of the ill-fated Mt. Gox. Are they “crimes” anyway? Who polices virtual currencies? Is your virtual currency really safe? Can it ever be safe? And who uses Bitcoins and why? Why should governments, regulators and banks be worried? How are they approaching virtual currencies? What legislation is likely? How should businesses approach virtual currencies?

Dai will use his legal expertise and IT security skills to delve into the increasingly opaque waters of virtual currency.

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SPEAKER BIOGRAPHIES
Dai Davis
Dai is a Technology Lawyer. He read Physics at Keble College, Oxford and took a Masters Degree in Computing Science at the University of Newcastle-upon-Tyne before qualifying as a Solicitor. He is a qualified Chartered Engineer and Member of the Institution of Engineering and Technology.

Dai is an active member of the Society for Computers and Law in the United Kingdom and has been Chairman of its Northern Branch and a member of the Council of that Society. Dai has consistently been recommended in the Legal 500 and in Chambers Guides to the Legal Profession

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For overseas delegates who wish to attend the event please note that BCS does not issue invitation letters.

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THIS EVENT IS BROUGHT TO YOU BY:
BCS Financial Services SG
Visit www.bcs.org/membership/member-communities/financial-services-specialist-group/

Why Governments hate Digital Currencies - Financial Services SG
Date and time
28 November, 6:15pm - 9:00pm
Location
BCS, The Chartered Institute for IT
Ground Floor
25 Copthall Avenue
London
England
EC2R 7BP
Price
This event is sold out