It’s unfortunate, but it happens. The first is cryptocurrencies. Then there are the cryptocurrency scammers. In the emerging cryptocurrency market, what measures are needed to protect consumers from scams, conspiracy and deception?That’s what the half-day seminar is about June 25, 2018in Chicago, the Federal Trade Commission just announced its agenda.
Decrypting Cryptocurrency Scams brings together federal and state law enforcement officials, consumer advocates, and industry members to investigate situations, describe pitfalls, and discuss steps to protect consumers from deceptive practices. Andrew Smith, Director of the FTC’s Bureau of Consumer Protection, will deliver opening remarks at 1:00 Central Time. The first panel will discuss the short but already extraordinary history of cryptocurrencies. Starting with Bitcoin and the recent growth of initial coin offerings (ICOs), how are consumers using cryptocurrencies—for payments, investments, or otherwise?
The next panel depicts the fraud landscape. How do scammers operate in the market? What challenges do law enforcement officers face when investigating illegal conduct? Are there signs that consumers may be committing fraud?
The third panel will discuss effective ways to deal with cryptocurrency scams. How has law enforcement responded so far? Do consumers know how to report fraud? How can government agencies effectively enforce the law while encouraging innovation that benefits consumers? What steps are needed to educate consumers about the risks?
Decrypting the Cryptocurrency Scam will begin at 1:00 Central Time at DePaul University in Chicago, 1 East Jackson Boulevard, Suite 8005. It is free and open to the public. Pre-registration is not required, but if you plan to attend, please do us a favor and email fintechseries@ftc.gov. Want to watch via live webcast? We will post a link on the event page a few minutes before it starts on June 25th.
Attention Attorneys: This activity has been approved for 2.75 Illinois MCLE general credits.
