A Regulatory Overview of Blockchain, Smart Contracts, Cryptocurrencies, Virtual Wallets, Machine Learning and FinTech

Friday, January 11, 2019 | 9:00 a.m. – 12:30 p.m.


Program Chair:

Adele Hogan

Adele Hogan
Former Director
Baker Tilly Virchow Krause, LLP

  • Blockchain, smart contracts, cryptocurrencies, virtual wallets, machine learning and FinTech will be covered from a regulatory perspective. This course will enable both in-house and outside counsel to expand their skills and be more valuable to their clients by covering the why, what, when, where and how of these new technologies, business processes and asset classes. Lawyers who practice in finance, securities, lending, M&A, litigation, anti-financial crimes, compliance, risk, investment management and regulatory areas need to increase their knowledge of these new and rapidly evolving disruptive products and technology to effectively advise new and existing clients.

    Live Program & Webcast: $229 for Members | $329 for Nonmembers
    In-House Counsel: Free for Members | $279 for Nonmembers

    Members who are Recent Law Graduates, Newly Admitted Lawyers (earliest admission 2016-2018 in any state or country) or Judges (and their staff) attend this program for free.


  • Joshua Ashley Klayman
    Founder and CEO, Klayman LLC & Inflection Point Blockchain Advisors, LLC
    Donna Parisi
    Shearman & Sterling LLP
    Brian Korn
    Manatt, Phelps & Phillips, LLP
    Joseph Hall
    Davis Polk & Wardwell LLP
    Stuart Levi
    Skadden, Arps, Slate, Meagher, & Flom, LLP
    Lee Schneider
    General Counsel, Block.one
    Co-Founder, Genesis Block
    Jeffrey Knight
    Founder of BlockDrop, Inc.
    Joel Telpner
    Sullivan & Worcester LLP
    David Weild IV
    CEO, Weild & Co.


  • 9:00 a.m. – 10:00 a.m. The Basics of Bitcoin and ICOs

    • What are the current legal aspects of Bitcoin, ICOs and token offerings
    • How trading and exchanges work
    • What the regulators are doing
    • How to use ICOs to pay for goods and services – virtual wallets, money transfer licenses
    • How the liability, documents and processes work
    • Accredited investors vs. retail investors and bubbles
    • Market size and trends
    10:00 a.m. – 10:45 a.m. Initial Coin Offerings, Smart Contracts, Machine Learning

    • Typical terms and documentation
    • Tokens, cryptocurrencies, loyalty programs
    • Registration and licensing requirements
    • Invest in the cryptocurrencies directly or through other companies
    • Securities & Exchange Commission (SEC) and Commodities Future & Trade Commission (CFTC) and New York State Department of Financial Services (NYS DFS)
    • Smart contracts
    • Machine learning
    10:45 a.m. – 11:00 a.m. Break
    11:00 a.m. – 12:00 p.m. Blockchain- Mechanics, Auditing, Verification, Security and Privacy

    • How blockchain works
    • Internet usage
    • Cryptocurrency wallets
    • Cryptography and no central party verification
    • Trading, exchanges and settlement
    • Compliance and regulatory issues
      • Anti-money laundering
      • Know your customer
      • Cybersecurity
    • How to audit, trace and verify
    • Data and privacy issues
    12:00 p.m. – 12:30 p.m. Ethics of Bitcoin and ICOs Enforcement – Anti-Money Laundering (“AML”), Know Your Customer (“KYC”) and OFAC/Sanctions Solutions

    • Differences in terms and competency and advisory ethics
    • Liability and regulation in different jurisdictions and unauthorized practice of law ethics
    • Data and privacy considerations and confidentiality ethics
    • Federal and state liability and enforcement actions and organization as client ethics


  • CLE Credit
    New York:
    3.5 Total: 3.0 Professional Practice, 0.5 Ethics
    New Jersey:
     3.8 General
     3.5 Total: 3.0 General, 0.5 Professional Responsibility
     3.0 Total: 2.5 General, 0.5 Professional Responsibility


  • Sponsoring Association Committees:
    Banking Law | Gregory J. Lyons, Chair
    Information Technology and Cyber Law | Joseph V. DeMarco, Chair
    Private Investment Funds | Rebecca F. Silberstein, Chair
    Securities Regulation | David S. Huntington, Chair

    Sponsorship Opportunities are Available! Please Contact:
    Angie Avila, Membership Outreach and Sponsorships Manager | (212) 382-6608 | aavila@nycbar.org