COVID-19, Financial Digitization and Bitcoin / Cryptocurrencies - Trends and Outlook for Markets, Regulations, and Policies

Date: 04 May 2021
May 4th 2021, 5:00 pm - 6:00 pm (KGT, GMT +6) | 4:00 pm - 5:00 pm (TJT, GMT +5)

Abstract
The COVID-19 response has accelerated the adoption of digital payments worldwide driven by an increase in online and contactless payments. As part of this adoption, there has also been an increase in the acceptance of Bitcoin and cryptocurrencies by major multinational corporations. Paypal, Mastercard and Visa are exploring and beginning to accept payments in Bitcoin; MicroStrategy and Tesla have invested in Bitcoin, and the Bank of New York Mellon is providing financial management services for cryptocurrencies. In Korea, CU, Korea’s largest convenience store chain accepts Paycoin cryptocurrency while Asian enterprises account for 94% of Bitcoin futures volumes. In Europe, the European Central Bank is exploring the possibility of a digital Euro.

The talk reviews trends in financial digitization; background, technology and considerations for Bitcoin, altcoins and utility tokens; and highlights of markets, policies and regulations in Asia, U.S. and Europe.

Speakers:
- J.P. Auffret, PhD, President, International Academy of CIO, Japan and George Mason University, Fairfax, Virginia, U.S.A.
- Jeffrey Matsuura, Counsel, Alliance Law Group, McLean, Virginia, U.S.A. 

About the Speakers:
J.P. Auffret is co-founder and current president of the International Academy of CIOs, an NGO headquartered in Tokyo, Japan with the objectives of fostering the exchange and adoption of best practices for CIOs and IT executive leadership. The IAC also promotes the application and innovation of ICT such as mobile phones, Internet of Things, and AI in areas including ageing society, smart cities, and natural disasters.  He is also director for the Centre for Assurance Research and Engineering (CARE) in the Volgenau School of Engineering, director of Research Partnerships at the School of Business at George Mason University, and a visiting lecturer at Duke University Center for International Development.

Auffret’s work and research span a wide range of applied and emerging technology fields including CIO and ICT leadership and governance and cybersecurity with NSF, U.S. Department of State, and IBM.  He has served on several Commonwealth of Virginia commissions including the Commonwealth of Virginia Health Information Technology Advisory Commission, and the Electronic Medical Records Advisory Committee of the Virginia General Assembly’s Joint Commission on Technology and Science (JCOTS. Auffret’s technology industry and academic experience includes executive positions with MCI and its joint venture with British Telecom, concert and academic positions with George Mason, Duke University Center for International Development, and as physicist-in-residence at the American University.  He earned a B.S. degree from Duke University where he was an A.B. Duke Scholar, an M.B.A. from the University of Virginia, and a PhD in Physics from American University. 

Jeffrey Matsuura’s practice focuses on domestic and international legal and regulatory issues associated with the development, distribution, and use of technology.  His work has involved a range of technologies, with special emphasis on communications and computing, nanotechnology, artificial intelligence, aerospace, robotics, health and medical, and blockchain.  He is a member of the Virginia Bar and the District of Columbia Bar, and earned degrees from Duke University, the Wharton School at the University of Pennsylvania, and the University of Virginia School of Law.

Mr Matsuura also provides strategic and operational advice regarding management of intellectual property rights.  He assists clients to establish, implement, and maintain business strategies which maximize the commercial value and operational effectiveness of their intellectual property.

Mr Matsuura is a former Fulbright Fellow who has written and taught extensively on subjects associated with technology law and intellectual property rights.  He previously served as assistant professor and Director of the Program in Law and Technology at the University of Dayton School of Law.  He has also served on the visiting and adjunct faculties of numerous academic institutions in the United States and in other countries, including Ukraine, New Zealand, and China.  Mr Matsuura is the author or co-author of several published books on law and technology topics, including: Law of the Internet (written with George Delta, published by Wolters Kluwer , Global Information Technology Law (written with Craig Blakeley, Thomson Reuters West), Digital Currency: An International Legal and Regulatory Compliance Guide (Bentham Science Publisher, A Manager’s Guide to the Law and Economics of  Data Networks (Artech House), Security, Rights, and Liabilities in E-commerce (Artech House), Managing Intellectual Assets in the Digital Age (Artech House), Nanotechnology Regulation and Policy Worldwide (Artech House), and Jefferson vs. the Patent Trolls: A Populist Vision of Intellectual Property Rights (University of Virginia Press).

Moderator: 
Shaukat Ali Khan, Chief Information Officer at the University of Central Asia.

Format
This event is hosted by the University of Central Asia in collaboration with the International Academy of CIOs, will be conducted on Tuesday, May 4, 5:00 pm (KGT, GMT+6) | 4:00 pm (TJT, GMT+5), via Zoom conferencing and Facebook Live.

Passcode: 272544

If you do not already have Zoom installed on your computer, visit: https://zoom.us/freesignup

Language
The online lecture will be in English with simultaneous Russian translation.

Past online lectures are available on the University of Central Asia's YouTube channel at http://www.youtube.com/ucentralasia.

*Ideas presented in this lecture reflect the personal opinion of the speaker and do not necessarily represent the views of the University of Central Asia and/or its employees

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