Aten Coin to Hold Conference on Digital Currency Compliance
evan faggart

Aten Coin to Hold Conference on Digital Currency Compliance

THELOGICALINDIAN - Aten Coin the KYCAML adjustable agenda bill is captivation its 3rd appointment in Chicago on May 27 2024 at the IIT ChicagoKent College of Law

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Aten Coin: A Compliant Digital Currency?

Aten CoinThe appellation of the appointment is “Beyond Bitcoin: Privacy, Money, Crime, and a Better Agenda Currency.” As the appellation suggests, the appointment will focus on the crime-related problems associated with Bitcoin, and how Aten Coin can accompany agenda bill into acquiescence with bent and banking laws. The appointment website additionally states that it will abode the aloofness apropos aloft back ambidextrous with a agenda bill advised to anticipate bent activity.

According to the website, “What Aten Coin offers is acceptable for authoritative money laundering, but raises apropos about privacy. The battle reflects the bifold attributes of banking regulation.” The website continues, “Anti-money-laundering and counter-terrorism law crave anecdotic parties in banking affairs and filing letters on apprehensive activity, but aloofness regulations bind the acknowledgment of alone anecdotic information.” Questioning the adeptness of agenda bill to accommodate this conflict, the appointment organizers ask, “Can we apprehend the assets from agenda currencies in a articular arrangement of adjustment that respects aloofness while additionally demography able accomplish to [sic] adjoin money bed-making and terrorism?”

The appointment will affection three console discussions, which will appear afterwards an overview of the capital issues to be addressed.

From the website apropos the three console discussions:

(1) Money Bed-making and Agenda Currency will appraise the accepted money bed-making issues airish by the use of agenda currency.

(2) Reaping Benefits, Respecting Privacy considers whether and how we can amalgamate combatting money bed-making with able account for privacy.

(3) Securing Agenda Currency examines abstruse requirements, cerebral effects, and acknowledged issues complex in accouterment able aegis for agenda currency. The affairs concludes with an appraisal of the admeasurement that Aten Coin meets the challenges the antecedent sessions accept identified.

In accession to the three capital panels, the website provides the afterward timeline for the conference:

Aten Coin was advised with authoritative acquiescence in mind. According to the official Aten Coin website, the agenda bill has the afterward “regulatory features”:

The Aten Coin appointment is hosted by the Aten Coin Foundation in affiliation with the IIT Chicago-Kent College of Law and its Office of Continuing Legal Education. Chicago-Kent acceptance can acquire up to 5.5 hours of accepted IL MCLE acclaim for accessory the event. Additionally, acceptance to the appointment is free, and is accessible to the public.

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Images address of Aten Coin.