Within the last five years, Bitcoin has developed from a relatively obscure, peer-to-peer digital payment transmitted over the internet to global acceptance as a means of payment for goods and services by as many as 10,000 companies worldwide. Since 2014, legal decisions and regulations have recognized Bitcoin and other virtual currencies in mainstream commerce. The U.S. Commodity Futures Trading Commission recognizes Bitcoin as a commodity and subject to Commodity Exchange Act (CEA) and CFTC Regulations.
Join us for a one-day program to better understand decentralized digital currencies. Learn how it works, and what it means to conducting business worldwide.
After the course you will be able to:
• Describe how Bitcoin got started, and consider if it's here to stay.
• Define the advantages to transacting in Bitcoin or other virtual currencies.
• Distinguish the regulatory agencies supervising Bitcoin transactions and which regulations apply to Bitcoin market participants.
• Understand how the daily currency settlements between Bitcoin and sovereign currencies are determined.
• Explain how derivatives are used to hedge exposure to Bitcoin exchange volatility.
• Understand the block chain technology or universal ledger and why is it important to the future of virtual currencies.
Class Size: Registration is limited to approximately 15 participants to promote student participation and interaction.
Who Should Attend: Anyone who is interested in learning about digital currency and/or contemplating its role in the derivatives market.
Cost: $695 Early-bird | $750 Standard registration
Complimentary morning and afternoon refreshment breaks are provided. Lunch on own
CME Group is the world's leading and most diverse derivatives marketplace. The company is comprised of four Designated Contract Markets (DCMs). Further information on each exchange's rules and product listings can be found by clicking on the links to CME, CBOT, NYMEX and COMEX.