On May 17th Accounting Blockchain held their 2018 Blockchain, Accounting, Audit & Tax Conference in New York, NY with over 300 guests and several informative speakers. If you were unable to attend the event or you want to relive your favorite sessions click here to view the content from the sold-out event.
Current State of Technology Advancement in Blockchain
Blockchain technology has experienced exponential growth, with innovation driven by developers, start-ups and enterprise in all areas. This maturing technology has attributes that position it to be the next big disruption in enterprise and government services. Our panelists will review the current state of the technology and discuss:
- How will blockchain combine with other technologies?
- What are the most promising recent developments in the blockchain space?
- What are challenges and vulnerabilities of the technology?
- Where will blockchain be in 3 years (and beyond)?
- How does it currently impact the accounting and auditing industry and what will the landscape look like (disruptions and opportunities)?
Moderator: Yorke Rhodes, Microsoft
- Joe Lubin, ConsenSys
- Len Porcano, Vertex, Inc.
- Samuel Peterson, EY
Fund Considerations from an Accountant’s Perspective
Over 9 billion dollars has been allocated towards token sales so far, and hundreds of new funds are holding these tokens. Digital Asset Funds can have multiple different strategies and procedures affecting their needed accounting or administrative support.
- What fund managers should know about accounting when launching a crypto fund (in-kind contributions, 1031 exchanges, side pockets, SAFT contracts)?
- Which inventory tracking methods are acceptable?
- Are exchanges and/or wallets considered qualified custodians?
Moderator: Mark Li, BPM
- Phil DiBartolomeo, EisnerAmper
- Karl Cole-Frieman, Cole-Frieman & Mallon LLP
- Meltem Demirors, Athena Cap
- Jeremy Drane, Libra to the Fund Considerations
- Gorazd Ocvirk, Deloitte to the Custodianship of Digital Assets
Custodianship of Digital Assets and Interacting with Banks
Liquid and illiquid digital asset custodianship are emerging following the expansion of digital asset ecosystem. Increasing numbers of institutional investors are looking for way to get exposure to digital financial products. While a number of new incumbents enter the industry with an expanding variety of assets, new actors in the industry are looking for secure and simple ways to hold and monitor their digital holdings. This panel will look at new ways for investors to safely enter and store their digital investments.
Moderator: Alex Batlin, Trustology
- Verity Van Tassel Richards, McDermott Will & Emery
- Ted Rogers, Xapo
Utility or Security Token: What is the Regulatory Outlook?
The ongoing debate between utility tokens and security tokens continues. Now the story has shifted with Security Token Offerings (STOs) becoming a viable option for upcoming token launches. This panel will cover key questions as part of this shift, including:
- How do Security Token Offerings relate to Utility Token Sales?
- What are the regulatory actions and directions of key U.S. regulators, including the SEC and FinCEN?
- How may those impact Utility Tokens and lay the foundation for Security Tokens?
Moderator: Lewis Cohen, DLx Law LLP
- Jeff Bandman, CFTC Labs
- Alexandra Scheibe, McDermott, Will & Emery
- Vincent Molinari, Liquid Markets Group, Inc.
- Aaron Wright, Cardozo Law School
Best Practices for Tax Treatment of Digital Currencies
Cryptocurrencies have received qualification for tax purposes in several jurisdictions. This panel will discuss key questions with this evolution, including:
- How are capital gains, income and payments treated by the various tax authorities for individuals and companies?
- What types of events should be considered when accounting for cryptocurrencies?
- What are the implication of accepting them as payments for companies and individuals?
Moderator: Alan Cohn, Steptoe & Johnson LLP
- Trudie Kanter, Crowe Horwath LLP
- Dan Winters, Global Tax Accountants
- Steven Ellis, Goodwin Law
Auditing Tokens, Miners & Exchanges
Transaction volume of digital assets has been growing exponentially and values are volatile. However, currently there is no specific guidance from IFRS or US GAAP on accounting for digital assets. Shareholders and creditors of companies that possess digital assets need to know about the risks involved in holding them. New guidance has to be developed to avoid discrepancy in practice. What do we need to know about auditing blockchain? How is the audit of digital assets different than other encrypted systems?
Moderator: Ivan O’Donnell, Deloitte
- Kell Canty, Verady
- Justin Blincoe, ShapeShift
- Daniel Figueredo, BPM
- John Mercurio, Bitfury
Auditing Blockchains & DLT, SOC and Internal Controls
Blockchains and DLT are being used during the operations of companies to facilitate payment rails, control funds, create digital signatures, etc. with a range of companies such as exchanges, funds, and miners. Similar to traditional companies audits around the SOC and internal controls become necessary, however, the tools and understanding of the systems are being reengineered. How has blockchain and DLT impacted methods of performing SOC compliance and internal control checks? What are the key risks companies utilizing these technologies need to be concerned about?
Moderator: Ajit Tripathi, ConsenSys
- A. Michael Smith, PwC
- Zachary Lynde, Factom
- Bennett Moore, RSM
- Lory Kehoue, ConsensSys
Introducing ABC Organization & Board
What Blockchain Use Cases are Closest to Production
Open source money, digital asset exchanges, supply chain digitization, registries for assets and users, voting, document authentication, interbank transfers, etc. – what are the financial and non-financial uses cases for blockchain technologies that are gaining traction and why? We explore these issues and provide some insight on where the focus may be in the next 12-18 months.
Moderator: Subhankar Sinha, PwC
- Daniela Barbosa, Hyperledger
- Jon West, Thomson Reuters
- Jeremy Millar, EEA
- Henry Aguda, Union Bank
Token Launch Considerations from an Accounting Perspective
Recent token launches have seen substantial capital raised in record times due to support from the developer community and sparking interest amongst investors. This panel will review a number of relevant issues from an accounting perspective:
- How are tokens structured?
- What are the best practices and strategies around token launches?
- How are tokens valued? What about taxes?
- What are the different standards emerging?
Moderator: Mark Li, BPM
- Brett Shear, ConsenSys
- Henri Arslanian, PwC
- Jagruti Solanki, Aprio
- Paddy Atmuri, Bitminutes
A Technologist’s Perspective on Adoption Challenges
Blockchain technology and DLT has great potential to evolve current accounting practices towards real time audits, next generation ERP systems, and prevent the next financial crisis. However, technologic challenges such as privacy, scaling, and interoperability will need to be solved for the technology to achieve mass adoption. We are already seeing privacy solutions implementing on different blockchain protocols, scaling solutions implementing on established and upcoming protocols, and interoperability chains emerging to form chains of chains.
- How are we going to see the emergence of this new ecosystem’s interoperability?
- How are we going to solve for privacy?
- How will we scale?
Moderator: Griffin Anderson, ConsenSys
- Nick Addison, ConsenSys
- Dustin Byington, Wanchain
- Martin de Bie, 216 Accountants
· Iliana Oris Valiente, Accenture
How ERP Providers and Accounting Systems are preparing for DLT Change
Information flows on the Distributed Ledger Technology are time-stamped and irreversibly recorded. DLT allows for an automated process by a distributed network to ensure that all transactions are accurate, unalterable and complete. This means that the technology is promising to significantly enhance organization’s efficiency.
- Will DLT replace ERP systems?
- If not, how will they integrate?
- Is DLT enabling next-gen ERP?
Moderator: Graham Gal, Isenberg School of Management
- Bill McCarthy, Michigan State
- Nicholas Guglielmo, SAP
- Sanjay Matthew, Oracle
Global Regulatory Outlook on DLT and Blockchains
Blockchain technology and DLT bring huge benefits to the financial and accounting industry, and gives rise to a whole new generation of services. However, regulators around the world have been refraining from formally regulating the blockchain while still seeking to apply existing regulations.
- How can blockchain and DLT fit into pre-existing regulatory frameworks?
- Can existing taxation and securities regulations provide an adequate framework for blockchain technology and products?
- What is the position of regulators in the US and globally?
Moderator: David Deputy, Vertex, Inc.
- Alexia Hefti, Deloitte Canada
- Juan Llanos, ConsenSys
- Justo A. Ortiz, Union Bank
- Dana Syracuse, Perkins Coie
Latest Ideas and Trends with Tokens and Protocols
Innovation around protocols and tokens have exponential growth with new ones launching every day. New infrastructure is being created on top of current blockchain protocols, protocols are experimenting with new consensus mechanisms, and token models are emerging to spark active communities around these protocols.
- What are the latest trends with tokens and protocols?
- What does that mean for the accounting profession going forward and what can we expect to see?
Moderator: Ryan David Williams, Experience Legal
- Jake Brukhman, Coinfund
- Eric Turner, Messari
- Marshall Hayner, Metal Pay
The Effects and Impacts on Crypto Transactions from an International Taxation and New Tax Laws Perspective
Tax rules for the digital economy are being rewritten at the global level via OEfCD and regional organizations. Digital presence triggering income tax and the assessment of transaction taxes based upon location of consumers are two key trends. Meanwhile, US tax reform and global offshore account information sharing are increasing pressure on repatriation of offshore profits while heightening transparency around tax avoidance. Within this context, blockchain and DLT technology-based businesses are likely to be viewed as “just another means of digital commerce” – yet the underpinning of decentralized and intermediary free transactions will challenge these new regulatory agreements even before the ink is dry. This panel will explore whether the global tax policy agenda will support or hinder blockchain adoption, and if the latter, what new regulatory obligations may arise.
Moderator: David Deputy, Vertex, Inc.
- Barry Freeman, Crowe Horwath
- Todd Cameron, Vertex, Inc.
- Katt Gu, Chainroc
Taxing Tokens, Miners, & Exchanges
Tokens are proliferating in the form of utility tokens, security tokens, commodities, non-fungibles, etc. and there has not been specific guidance to address their tax treatment.
- What are the tax implications of tokens being used or transferred across protocols to the users and the entity that built the protocol?
- Are security tokens treated the same as previous security instruments for tax purposes?
- What’s the impact of assets becoming tokenized from the view of the tax accountant?
- How do miners account for earned tokens?
Moderator: Alan Schwartz, MWE
- Mitchell Kopelman, Aprio
- Liza Zarlenga, Steptoe & Johnson LLP
- Dmirtri Alexeev, BPM
- Nathan Nichols, Tax Token to the Taxing Tokens, Miners & Exchanges
Paddy Atmuri is a seasoned executive who has led Finance transformation in large and complex organizations, including Fortune 500. He has ideated and executed multimillion dollar projects which involved SAP at the core of the transformation, and played a lead role in the digital transformation of the office of CFO, with simplicity as a core design principle.
Paddy’s focus area remains how the Finance function can be an active business partner to other areas of the organization to achieve common organizational goals. He has designed and implemented processes related to group costing, transfer pricing, profitability analysis and reporting (both regulatory and management), and delivered multiple implementations with global significance in firms such as 3M, Coca-Cola, Cargill, etc.
Solution Architect, ConsenSys
Nick Addison is a Solution Architect at ConsenSys where he designs and builds Blockchain based solutions. Nick is an active member in the Blockchain community with numerous open source projects, mentor at workshops/hackathons, co-host of the Sydney Ethereum meetup and co-lead of FinTech Australia’s Blockchain committee. Nick’s IT career has seen him work in logistics, payments, banking and funds management.
Chief Financial Officer, ShapeShift AG
Justin Blincoe combines experience from high-level involvement in global businesses with a passion for the innovation and freedom that Bitcoin promises to bring to the world.
After graduating from university, Justin held various leadership roles in business and finance strategy, until falling down the Bitcoin rabbit hole. In 2013, he began to work full-time within the blockchain space.
Prior to his role at ShapeShift, Justin managed and consulted for Bitcoin companies based in Latin America. Previously, he worked as Chief Operations Officer at Coinapult, a Bitcoin service provider offering web-wallet services, Bitcoin sending tools, and merchant services for API-payment processing.
- Latin American Bitcoin Conference (Multiple Times)
- San Diego Bitcoin Meetup (Multiple Times)
- Bogota Bitcoin Meetup
- Rio De Janeiro Bitcoin Meetup
- CU Blockchain Summit
FinTech & RegTech Lead, PwC Hong Kong
Henri Arslanian is the PwC FinTech & RegTech Lead for Hong Kong, the Chairman of the FinTech Association of Hong Kong and an Adjunct Associate Professor at the University of Hong Kong where he teaches the first FinTech university course in Asia.
Before joining PwC, Henri was with a FinTech start-up and previously spent many years with UBS Investment Bank in Hong Kong. Henri started his career as a financial markets and funds lawyer in Canada and Hong Kong.
With over 400,000 LinkedIn followers, Henri has been awarded many industry and academic awards over the years from being regularly named one of the Most Influential Individuals in FinTech in Asia to being awarded the Governor General of Canada Gold Medal for Academic Excellence.
Henri was also recognized as one of the Global 2017 LinkedIn Top Voices in Economy & Finance and is regularly featured on TV, radio and written press including Bloomberg, CNBC, The Wall Street Journal and the Financial Times.
Henri is also a TEDx speaker, a published author, and currently sits on several finance, academic, government, civil society, and FinTech related boards and advisory boards globally including the Hong Kong regulator’s SFC FinTech Advisory Group, the Hong Kong government’s FSDC Fintech working group and the International RegTech Association’s board.
Henri speaks five languages including English, French, Armenian, Spanish and Mandarin Chinese.
He holds a Masters in Chinese Law from Tsinghua University; a joint Global Executive MBA from Columbia Business School, London Business School, and Hong Kong University; a Masters in Transnational Law from the University of Sherbrooke; and a Bachelor of Law from the University of Montreal (Dean’s List of Excellence).
VP of World Wide Alliances, Hyperledger
Daniela Barbosa serves as Vice President of World Wide Alliances for Hyperledger, where she is responsible for the full lifecycle management of Hyperledger’s membership community while overseeing the broader industry and business community outreach and network growth. Daniela has developed and led growth and innovation strategies for 20+ years with a background working with financial services, media, and enterprise software. Daniela has led both partnerships and alliances teams as well as marketing and has been responsible for driving global partnerships, OEM integrations, market leadership, and global brand awareness.
Griffin is a serial entrepreneur and founder of multiple startups. He has spent the last 5 years building, designing, and growing fintech and social media companies. He brings a deep knowledge of the mechanics and the interactions necessary to build internet platforms. At ConsenSys, Griffin is architecting and developing accounting and financial applications utilizing the blockchain. Griffin graduated from Indiana University, Kelley School of Business with degrees in Accounting, Computer Science, Finance, Economics, and Mathematics.
Founding Director, LabCFTC
Jeff Bandman is Founder and Principal of Bandman Advisors, an advisory practice helping clients ranging from start-ups to global firms meet strategic innovation and regulatory challenges. Bandman Advisors bridges the gap between business and regulation.
Jeff is a research fellow of the Blockchain for Algorithmic Regulation and Compliance (BARAC) initiative at University College London’s Centre for Blockchain Technologies, serves on the Board of Advisors of Templum Inc., and acts as FinTech regulation mentor for the Techstars Barclays FinTech Accelerator program.
Previously, Jeff was a senior official at the U.S. Commodity Futures Trading Commission from 2014-2017. As FinTech Advisor to Chairman J. Christopher Giancarlo, he was Founding Director and architect of LabCFTC, the CFTC’s hub for engagement with FinTech innovation (the first launched by a U.S. market regulator). He established and chaired the CFTC blockchain, virtual currencies and FinTech working group from inception in 2015. Jeff led FinTech and RegTech coordination with domestic and international regulators, and led an international regulator workstream on post-trade digital innovation. Jeff previously led the CFTC’s Division of Clearing and Risk, which oversees many of the world’s largest clearinghouses. He led the negotiations resulting in “Clearinghouse Equivalence” with the European Commission. He joined the CFTC as Special Counsel to Chairman Timothy Massad, and also led the CFTC’s Office of International Affairs.
Jeff worked for many years in the financial industry in New York and London. As Head of Partnerships & Alliances of LCH’s SwapClear, he helped design and launch the SwapClear “FCM service” for clearing interest rate swaps through US intermediaries. He also devised the innovative CCP Squared partnership program and led the award-winning SMART margin simulator. Jeff earlier worked on a variety of new market structure and FinTech initiatives, including LiquidityHub and the Project Rainbow consortium. Before that he rebuilt Cantor Fitzgerald’s market data business after the events of September 11. Mr. Bandman started his career as an associate at Cravath, Swaine & Moore in New York, and was Americas General Counsel for Prebon Yamane, now part of the ICAP group.
He graduated from Yale magna cum laude, with honors in History and English, and from Stanford Law School, with honors as a member of the “Order of the Coif”. He is a five-time Jeopardy! Champion and spent his winnings backpacking around Africa, Asia and Europe.
Dmitri is a Director in BPM’s Corporate Tax Practice. He has over 18 years of public accounting experience with regional and national accounting firms. He’s worked with many public and private companies, including closely held businesses and startup companies, ranging in size from $1 million to over $100 billion in assets. He has extensive experience serving clients in financial services, life sciences, mobile gaming, services and technology industries.
Dmitri has extensive tax advisory and compliance experience with emphasis on financial and regulatory reporting, including corporate and partnership taxation, accounting methods and elections and state taxation. He also has broad experience in ASC 740, income taxes, and significant experience with federal and California tax controversy.
With focus on exceptional client service, he has worked closely with attorneys, investment bankers, valuation, as well as other professionals.
Managing Director & CEO, Coinfund
Jake is Managing Director & CEO at CoinFund, a blockchain-focused cryptofund founded nearly three years ago as one of the world’s very first diversified portfolios of cryptoassets, regarding cryptocurrencies and tokens as a radically new asset class. CoinFund invests and works with companies of all stages in accelerating cryptoeconomic business models. In 2018, CoinFund announced a strategic partnership with Venrock to help evaluate, invest, and accelerate companies in the blockchain space. Jake has worked as an advisor to companies like Kik Interactive and YouNow, the first major VC-backed technology companies to take on blockchain-based business models, as well as decentralization-focused projects like Decentraland, Aragon, and Cent. Previously, Jake was Partner & CTO at Triton Research, a technical product manager and engineer at Amazon.com, and spent five years as a financial technologist at Highbridge Capital Management and as a quantitative researcher at Kohera. Jake has nine years of experience in pure and financial technology, a background in computer science and mathematics, and an avid interest in blockchain and financial technology.
SEVP – CTOO and CTO, UnionBank
Henry Rhoel R. Aguda holds the position of Senior Executive Vice President, Chief Technology and Operations Officer and Chief Transformation Officer of UnionBank of the Philippines. He was the former Chief Information Officer of Globe Telecom, Inc. He served as the Chief Technology Officer and Senior Vice President for the IT Group of the Government System Insurance Services (GSIS) and the Group Chief Information Technology Officer of Digitel Telecommunications Philippines. He was also the Chief Operations Officer and Chief Financial Officer of Nextel Communications Philippines. In addition to this, he has also worked with Fujitsu Philippines, Bayantel, and Computer Information Systems Inc. He was awarded ASEAN CIO of the Year in 2010 in the Government Sector by the International Data Group. Mr. Aguda obtained his degrees in Bachelor of Science in Mathematics and Juris Doctor in Law, both from the University of the Philippines. He is the author of the book, Data Privacy & Cybercrime Prevention in the Philippine Digital Age.
Joseph Lubin’s career has involved various posts in the fields of technology and finance and in their intersection.
Subsequent to graduating cum laude with a degree in Electrical Engineering and Computer Science from Princeton, he worked as research staff in the Robotics Lab at Princeton and then at Vision Applications, Inc., a private research firm, in the fields of autonomous mobile robotics, machine vision and artificial neural networks.
His next project was the development of an autonomous music composition tool with tomandandy music.
Joseph worked as a software engineer and consultant on various projects, eventually being tipped for the role of Director of the New York office of Blacksmith, a Virginia-based software consulting firm.
Software engineering, finance and cryptography were central during employment with Goldman Sachs, eMagine’s consulting work on the Identrus project, and the founding and operation of a set of hedge funds run with a partner.
Switching gears, Joseph moved to Kingston, Jamaica to work on a set of projects in the music industry. Two years into the music project, Joseph co-founded the Ethereum Project, and has been working on Ethereum and more recently ConsenSys since January 2014.
ConsenSys began as a blockchain production studio building decentralized applications, mostly on Ethereum, and continues on this track, but has expanded its activities since inception. Many of those components are core elements that can be used to construct larger solutions as well as being standalone solutions in their own right. Since ConsenSys began operations before the Ethereum ecosystem existed, ConsenSys has also built core infrastructure elements like Ethereum clients, testing frameworks, rapid application development frameworks, and Integrated Development Environments. ConsenSys Enterprise, the professional services arm, works with various enterprises to help them formulate their blockchain strategy and develop business processes for them on private or consortium blockchains, as well as on the public Ethereum network.
FinTech & RegTech, ConsenSys
A seasoned financial compliance expert and Certified Anti-Money Laundering Specialist, Juan Llanos is a sought-after speaker, startup mentor and advisor in AML and regulatory compliance strategy, and speaks and writes extensively about virtual currencies and risk management. For over 15 years, Juan has built and managed compliance programs all over the world, while dedicating his work to supporting the underserved and unbanked, and to influencing pro-innovation policy. In 2008, Juan was granted permanent residence in the United States by reason of “extraordinary ability” in the fields of Anti-Money Laundering and Countering the Financing of Terrorism.
LinkedIn : https://www.linkedin.com/in/juanllanos
Assurance Senior Manager, BPM
Mark has 20 years of experience in public accounting and private industry, 16 of which were with a Big 4 accounting firm in the Bay Area. Mark is experienced in serving pre-IPO early-stage, venture-backed technology companies as well as public technology companies and has expertise in all aspects of the SEC registration process from IPOs to follow-on offerings to public company reporting. He also has experience with Blockchain and cryptocurrency companies, including miners, wallets, exchanges, crypto hedge fund, token issuers, and initial coin offerings (ICOs), software, SaaS, marketplace platform, B2B, B2C, internet, payments, and specialty lending. Mark has experience with complex issues related to revenue recognition, debt and warrant accounting, equity-based transaction issues and stock-based compensation cost.
Partner-in-Charge, Tax Practice
Partner-in-Charge, Technology & Blockchain Group, Tax Practice
Mitchell is the partner-in-charge of Aprio’s Tax practice as well as the Technology & Biosciences group. He has been a partner since 1990 with Aprio, which is the largest Georgia-based tax, accounting and consulting firm. Mitchell works with companies in the software, gaming, clean tech, financial technology (FinTech), health care IT, processing, biosciences (biotech and medical device) and manufacturing industries. Whether a company is pre-revenue, starting up, growing or preparing for a liquidity event, Mitchell works with them to maximize their potential at each stage. He is known for promoting research, innovation and entrepreneurship by enabling companies to be successful, regardless of where they are in their business lifecycle.
Mitchell brings to companies innovative tax strategies, like federal and state Research & Development (R&D) Tax Credits, many of which can be monetized. In addition, he has strong mergers and acquisitions experience that includes structuring financial and tax due diligence as well as analysis of transactional accounting and tax issues. He also has extensive experience working with domestic and international companies, addressing inbound and outbound tax issues as well as other related business activities, like organizational structure, transfer pricing, joint ventures, stock options and accounting for income and uncertain tax positions.
With the emergence of blockchain and cryptocurrencies, Mitchell has been instrumental in developing and leading our blockchain practice. While he focuses on the domestic and international related tax issues, others on the team focus on accounting, audit and security blockchain matters.
Mitchell was recognized by the National Academy of Public Accounting Professionals as a Top 10 Public Accounting Professional in Georgia for 2014. He earned a Bachelor of Business Administration degree in Accounting from the School of Accountancy at Georgia State University in Atlanta. His professional involvement includes:
· Southern Capital Forum – Treasurer
· Atlanta Chamber of Commerce – Board of Advisors and Technology Marketing Council
· American-Israel Business Connector (Conexx) – Board member and former executive committee member
· Alef Fund, Inc. – Past president and board member
· Frequent articles author and speaker on business topics, ranging from mergers and acquisitions to equity incentives, venture capital, private equity transactions and complex tax regulation and issues
Managing Director, ConsenSys
Lory Kehoe leads ConsenSys’ Ireland hub. He is passionate about Ethereum enabling a decentralised world.
Prior to ConsenSys, Lory was a Director with Deloitte and set up and led Deloitte’s EMEA Blockchain Lab. Prior to Deloitte, Lory worked as a management consultant with Accenture. He has over 11 years consulting experience.
Lory has led blockchain strategy projects, delivered a number of blockchain PoCs and pilots and implemented a blockchain enabled solution in a production environment.
Lory is a Qualified Financial Advisor, registered stockbroker and is currently (and has been for the past 11+ years) an adjunct assistant professor in Strategic Management and Information Systems Strategy with the Department of Computer Science & Statistics in Trinity College Dublin.
Tax Senior Manager, Crowe Horwrath LLP
Trudie Kanter is a Senior Manager at Crowe Horwath LLP with over 13 years of experience, providing tax and related accounting, consulting and regulatory compliance services to clients in the financial services industry. She is a frequent contributor to The Tax Adviser Journal, Bank & Capital Markets Tax Institute and various trade groups. Trudie leads the blockchain working group for the financial services sector at Crowe. A graduate of University of Illinois at Urbana-Champaign, Trudie was honored as one of the Women to Watch from the Illinois CPA Society and AICPA in 2008.
Blockchain Tax Lead, Deloitte
Senior Industry Director, Oracle
Sanjay Mathew is a Senior Industry Director at Oracle with more than 22 years of experience with Tier I Financial services firm as a Management consultant, Consulting program manager, business development manager and solution architect in the areas of Global Finance & Risk transformation and Bank Digital Transformation. At Oracle, Sanjay has provided transformation advisory to CFOs, CROs, and heads of digital banking for large tier 1 global banking organizations. Sanjay has lead global solutions for large banks in the areas of Finance transformation, regulatory reporting, data management, CCAR, IHC Reporting, Innovation Management, Banking on the Cloud and Banking digitization with Fintechs at scale.
Sanjay currently leads Oracle’s open banking platform solution development and go to market program North America. Additionally, he also is responsible for the North America Fintech ScaleUP program working with the world’s most innovative Fintechs covering lending, robotics, AI, machine learning, blockchain, reg tech, payments, API aggregators and open banking APIS delivered on the oracle open banking platform.
Sanjay has a Masters degree in Technology/Entrepreneurship & Finance Management from Wharton School of Business. Sanjay also has a degree from MIT FinTech Digital Innovations and Future Commerce program.
Professor, Michigan State University
Professor of Accounting and Information Systems at Michigan State University
CEO, Templum Markets
Vincent Molinari is the CEO of Templum Markets, (FINRA Registered Broker Dealer and ATS) and Co Founder of its parent company, Templum, Inc. He is a Founder of 5th Element Group, PBC . He is also Co-Founder and Co-Chair of the Blockchain Commission for Sustainable Development, and is a Co-Founder and Co-Chair of Blockchain for Impact. Mr. Molinari has nearly 3 decades of experience as a licensed person in the securities industry where he began his career at Lehman Brothers and later at Janney Montgomery Scott.
He is a globally recognized thought leader on the modernization of securities law and the intersection of breakthrough innovation and technology solutions. He is an active Global Speaker on Market Infrastructure, Capital Formation, Blockchain, Digital Assets,Impact Investing, and The JOBS Act. He has been invited to testify before the U.S. House of Representatives Committee on Financial Services, Subcommittee on Capital Markets, and Government Sponsored Enterprises. Mr. Molinari has also testified before The Securities and Exchange Commission’s Advisory Committee on Small and Emerging Companies regarding secondary market liquidity. He has participated in authoring 16 Comment Letters and Petitions for Rule Change to the SEC. In addition, he consults with members of Congress and Senate on these issues.
CPA, CA, CBP,
Iliana Oris Valiente, CPA, CA, CBP (Certified Bitcoin Professional) is widely credited for being a trailblazer in the blockchain space, having been among the first to recognize the tremendous impact of this traditionally “hacker” technology on the enterprise world. Her focus has been on exponential technology, entrepreneurship and bridging the gap between the corporate world and the start-up communities. In her current role as a Managing Director and Global Blockchain Innovation Lead at Accenture, Iliana is responsible for strategy initiatives and overseeing projects to conceptualize and build blockchain solutions across industries, with a focus on FSI, supply chain, healthcare and the public sector. Iliana is also the founder and Chair of ColliderX, the world’s first non-profit, open sourced, and crowdsourced R&D hub for blockchain and related technologies. Previously, Iliana was the catalyst in getting Deloitte actively involved with blockchain innovation, and founded the Rubix by Deloitte practice in 2014 where she led teams providing advisory services and building decentralized applications across multiple technology platforms. Iliana has strong views on how the network effects of this technology will impact multiple verticals, and how it will radically change many status quo business models. Iliana is an author and sought- after speaker, regularly presenting at conferences and events around the world.
Ted Rogers serves as President of Xapo, the largest custodian of institutional bitcoin in the world. He has worked in the financial services industry for nearly 20 years.
Prior to Xapo, Ted co-founded and served as a General Partner for Arpex Capital, an international investment firm backed by the principals of 3G Capital.
Prior to Arpex, Ted worked in corporate finance and venture capital for FBR Group and in business affairs for America Online.
Mr. Rogers graduated from Williams College in 1991 and cum laude from Georgetown University Law School in 1996. He spent two years as a reserve linebacker for the Washington Redskins, including during their championship season of 1991-1992.
Blockchain Engineering, Microsoft Corporation
Yorke E. Rhodes III is a passionate technologist with broad interests, always drawn to the next shiny object. He earned a BS in Computer Science from NYU’s Courant Institute of Mathematical Sciences. He has worked in industry for over 20 years, in enterprises such as Microsoft & IBM and startups in wireless, mobile, digital marketing & ecommerce. At Goldman Sachs Investment Bank he built their first wireless internet ingress and advised bankers in wireless, telecom and media. As a young developer he saw the beginnings of client server databases, obscure languages like ada, lisp & paradox and the birth of the internet. Blockchain piqued his interest in the summer of 2015 with the launch of Ethereum. He cofounded Microsoft’s blockchain initiatives working in collaboration with the partner community and continues driving it today in his role on the Blockchain Engineering team. An Adjunct Professor at NYU, he has taught Digital Marketing, Ecommerce and Intrapreneurship and is currently developing a course on the user centric economy called #OurNextEconomy.
Len Porcano leads the early stage incubator at Vertex, a RegTech Company outside of Philadelphia, where he oversees new product development on a number of projects in the Blockchain space. Len is a veteran of several startups, with more than 20 years experience in digital publishing, e-commerce, fundraising, and digital tools for effecting social change.
Chief Executive Officer, Tax Token
After considering his long-term ambitions and passion for leading others, Nathan respectfully declined an offer from “the big four” and seized the opportunity to co-found TaxToken.
TaxToken synthesizes blockchain technology and artificial intelligence to modernize the tax and accounting industry. TaxToken’s innovative products and growing interest from investors have been recognized by several news outlets, including The Washington Post.
Prior to launching TaxToken, Nathan devised the concept for Vote-for-Humanity, an online voting and ticket sale platform. Vote-for-humanity stimulates event ticket sales by enabling customers to donate to charities through their usual ticket purchasing methods.
In 2016, while attending school, Nathan started a student-led investment fund with a focus on emerging markets, cryptocurrencies, and growth strategy.
Nathan studied accounting at James Madison University where he was class president in Beta Alpha Psi, an honors accounting and finance fraternity.
Assurance, Blockchain Innovation
Bennett Moore is one of RSM’s Leads for the Northeast Blockchain Innovation Team and oversees the CT audit team in researching blockchain technology and serving clients. He has expertise in blockchain and digital-asset services, public speaking, financial services, residential and commercial real estate, sales, data analytics, and business development.
Bennett has been an active investor, trader, and researcher in the blockchain space for two years and has developed an in-depth understanding of the regulatory, accounting, and due diligence procedures for initial coin offerings, custodians, money transmitter businesses and more. He has leveraged this knowledge as an advisor for various blockchain startups and to develop data feeds that supplement trading and investment decisions. He has strong working knowledge of the consensus algorithms that provide the security and oversight for blockchains and has participated in numerous betas for decentralized applications built on public blockchains. Bennett is also a founding and managing member of an investment company that focuses on early stage investments in blockchain startups.
Bennett is a member of RSM’s national ICO and Bitcoin and Blockchain practice, which works to coordinate client services in the blockchain space for companies ranging from hedge funds and proprietary traders to virtual currency custodians and initial coin offering startups (ICOs). He has performed operational control assessments of virtual currency custodian systems and assisted with international and domestic tax structuring considerations for blockchain start-ups. He has developed numerous internal resources for his firm including a detailed due diligence assessment framework for ICO client acceptance, a US virtual currency taxation primer, reports on audit and valuation considerations, and national marketing initiatives. He has given presentations to various internal industry teams, universities and local panels and developed a national LPD course for RSM’s various conferences on the implications of blockchain technology. He also coordinated a partnership with a decentralized identity company to verify attendance at the national conference events for CPE credits.
Bennett is a representative for RSM on two blockchain initiatives at the Chamber of Digital Commerce, is a lead participant on the Accounting Blockchain Coalition, and helped facilitate RSM joining the Accounting Blockchain Coalition as a board member. Also as a member for the International Blockchain Real Estate Association, he participates in the association’s management and organization to advocate, educate, and implement blockchain technology in the real estate industry.
Areas of Specialty
- Blockchain Technology and Crypto-Assets
- Assurance and Attestation Services
- Public Speaking and Education
- Token Sale Due Diligence
- Business Development
- Data Analytics and Modelling
- Bachelors of Business Administration, Accounting and Finance, Bucknell University
CEO and Co-Founder, Metal
Marshall Hayner is CEO and Co-Founder of Metal, a payments processing platform that pays people cryptocurrency for making transactions on the blockchain. Marshall believes that Metal can change the way the world views money. Not only has Marshall started the first Facebook integrated bitcoin wallet called QuickCoin in 2014, but he has worked on numerous digital currency projects including Dogecoin, Stellar, Block.io, ChangeTip, and the Bitcoin Fair. Marshall is an advocate for social good and has started the Metal Foundation to promote social causes through cryptocurrency.
Isenberg School of Business, UMASS Amherst
Blockchain & Digital Currency, Steptoe & Johnson LLP
Alan Cohn is of counsel and co-chair of the Blockchain and Digital Currency practice at Steptoe & Johnson LLP. He counsels companies on blockchain technology, cybersecurity, cryptocurrency, and government-related issues, with a particular emphasis on regulatory issues and the intersection of blockchain technology with government and national security. Alan also served as counsel to the Blockchain Alliance, a non-profit organization created on behalf of the Chamber of Digital Commerce and Coin Center to provide a forum blockchain and cryptocurrency companies to engage with law enforcement and regulatory agencies. Alan previously served with the U.S. Department of Homeland Security (DHS) for nine years, most recently dual-hatted as the Assistant Secretary for Strategy, Planning, Analysis & Risk and second-in-charge of the DHS Office of Policy. He also serves as an advisor to several blockchain companies, as well as an advisor to investment firms on the application of blockchain technology across a variety of industries. Alan is co-chair of the Global Future Council on Cybersecurity for the World Economic Forum and an adjunct professor at Georgetown University Law Center.
Co-Founder, DLx Law LLP
Kell has over 25 years of experience in technology development and building companies that capitalize
on identity, audit and payments utilizing advanced technology.
Kell is co-founder of Verady and leads product direction and business development efforts. Verady
provides cryptocurrency accounting and audit technology services through VeraNet, where financial
institutions, corporations, and individuals can audit, account, and report on blockchain assets. Verady
believes traditional accounting systems, firms, and standards are currently lacking functionality around
cryptocurrencies. VeraNet will be the bridge between cryptocurrencies and traditional financial
accounting which is needed to further their acceptance and growth.
Prior to Verady, Kell started Coinpliance in 2013 to advance regulatory innovation in Bitcoin. Before
Coinpliance, he co-founded multiple Fintech startups including a market leading real-time identity,
credit, and risk assessment company that was acquired into Fair Isaac Corporation(FICO).
Kell holds a BS in Computer Science from the Georgia Institute of Technology and lives in Atlanta,
Georgia. He is a licensed pilot, advanced scuba diver and a video production volunteer.
Todd Cameron is a Scrum Master for Vertex, a RegTech company outside of Philadelphia. Currently leading early-stage incubation projects, he has more than 20 years of software industry experience, specializing in VAT (Value-Added Tax), County by Country Reporting, and tax reporting and analytic applications. He belongs to the Scrum Alliance and Delaware Valley Analytics Community. He holds a Bachelor’s Degree from Temple University and a Master’s from Penn State.
Dustin Byington graduated from Columbia University in ‘07 and went to work at Goldman Sachs one year before the financial collapse. Watching the banking meltdown from the inside, he came to the realization that the problems were systemic and that solutions would need to come from outside the existing system. Embarking on a journey of financial entrepreneurship, he received his MBA from University of Michigan and co-founded multiple companies within the blockchain space: Satoshi Talent, Tendermint, and Stokens Venture Capital. He is now the President of Wanchain, a blockchain that is rebuilding the financial services industry using digital assets and private cross-chain smart contracts.
Advisor Innovation, 216
Chair of the Digital Working Group EFAA
Martin de Bie is since January 2016 advisor New Technology & Innovation at accounting firm 216. As per June 8, 2017 he is chair of the Digital Working Group of the European Federation of Accountants and Auditors (EFAA). In addition, he is member of the European Multi-Stakeholder Forum on Electronic Invoicing (EMSFEI) of the European Commission.
216 is a frontrunner in innovation within the Dutch Accounting industry. 216 has 12 offices in the Netherlands and 120 employees. 216 started in April 2015 as result of a carve-out of the SME practice of KPMG Netherlands. The buyer (an IT company) of the SME practice of KPMG wanted to do what everyone has been talking about for so long: change the business with the help of technology and introduce new business models with a strong focus on pro-active advice and broader services to SMEs. A one-stop-shop for the SME. At 216 we believe, that if you talk about change, disrupt yourself first. Regarding blockchain: 216 has started a POC to introduce uPort as new identity system and a POC with SWARM to introduce decentralized storage. Both POCs are based on a private Ethereum platform from Ledger Leopard (an Enterprise Ethereum Alliance member). This platform is already successfully used in maternity care (Healthcare) and in real estate to enable the digital building file in the Netherlands. 216 is a member of the Accounting Blockchain Coalition (ABC).
The European Federation of Accountants and Auditors for small and medium-sized enterprises (EFAA) is an umbrella organization for national accountants and auditors’ organizations whose individual members provide professional services primarily to SMEs within the European Union and Europe as a whole. It has 17 members throughout Europe representing over 320,000 accountants, auditors and tax advisors. It was founded in 1994. EFAA is a member of the European Union of Crafts Small and Medium-sized Enterprises (UEAPME) and a founding member of the European Financial Reporting Advisory Group (EFRAG).
The European Multi-Stakeholder Forum on Electronic Invoicing (EMSFEI) brings together stakeholders from national e-invoicing forums and from the user side of the market. Its objective is to help pave the way for a broad-scale adoption of e-invoicing at national and EU-level. The Forum creates a unique opportunity to exchange experiences and best practice across borders. It also discusses issues of common interest and may issue recommendations to the Commission.
Martin’s goal at the ABC is to share blockchain knowledge in Europe on topics like accounting, tax and regulations to improve services and to forge the future of the accounting industry.
Founder and CEO, Trustology
Alex Batlin is the Founder and CEO of Trustology. Trustology is a FinTech startup that’s building a smart custody platform to safeguard crypto assets.
Previously, Alex was Head of Emerging Business & Technology team and Blockchain Lead at BNY Mellon, responsible for research and development of emerging technology enabled business strategy, business models, products and services.
Prior to joining BNY Mellon, Alex was the founding Head of both UBS’s FinTech Innovation Lab based in UK’s Level 39 accelerator and UBS’s Crypto 2.0 Pathfinder research programme into blockchain technology and it’s impact on business models. Prior roles included Head of UBS’s Technology Research Service, Engineer in UBS’s Technology R&D team, and Head of SDLC services.
Further back, Alex worked at Nomura, JPMorgan and CSC. He has a degree in Computer Science from University of Bristol, and was included in The 2015 FinTech Finance35 and The 2016 FinTech 40 lists.
Director of Strategic Development and Emerging Market, Vertex Inc.
David Deputy brings several decades experience in finance, accounting, tax and analytics software solutions. Prior to Vertex, David was senior product manager at Liquid Engines focusing on international tax planning solutions and lead product manager at Oracle for their financial consolidation solution. His background also includes roles in corporate finance at Dun & Bradstreet and in bank regulation at the Federal Home Loan Bank. David holds an MBA from Cornell and a finance degree from the University of Florida. He is an adjunct professor at Texas A&M Law School and speaks Japanese.
Audit Director, EisnerAmper
Partner, Deloitte & Touche LLP
Ivan O’Donnell is an audit partner with 25 years of experience serving financial services clients. He has broad-based banking, finance, brokerage, and asset management experience, including investment companies, full-service firms, retail, investment banks, clearing firms, securitized asset vehicles, registered investment advisers, partnership funds and FinTech companies.
Ivan is a member of the American Institute of Certified Public Accountants, the New York State Society of CPAs, and the Association of Chartered Certified Accountants.
LoB Finance, SAP
LoB Finance – Finance Value Advisory, SAP
Nick Guglielmo has more than 25 years of Business, Treasury and Finance experience with global Fortune 500 companies, in a variety of industries, including consumer products, media, publishing, logistics and banking. During his time with SAP, he has worked with many customers in developing strategy in the areas of Finance Transformation and Analytics. His focus has been on helping customers and more specifically CFOs build their HANA roadmap for Finance to reduce system complexity and simplify their reporting. Nick also provides value focused financial insights through thought leadership articles to SAP customers and ecosystem. Most recently, Nick has been heading up SAP’s finance efforts regarding product enhancement utilizing blockchain technology.
Co-Founder & CEO, Chainroc
Katt Gu is the co-founder and CEO of Chainroc Consulting, a leading business consulting firm specializimg in offering financial advisory, placement, and technology service to blockchain startups in Asia and established companies who wish to enter the space. Her client ranges from Bertelsmann to the government of Taiwan, whom she helped to gain a more in-depth understanding of the crypto market and make an informed decision on legislation and investment. Prior to Chainroc, She served as the strategic advisor of Chainceres Capital, where she provided consultancy to Arcblock and several other leading blockchain startups in China. Gu acquired his JD degree from University of Illinois Urbana-Champaign, and is currently a PhD student in informatics in UIUC, focusing on regulation of advanced technology and entrepreneurial law.
Executive Director, ConsenSys
Vanessa Grellet is a Global Executive with over 15 years of expertise in the Financial Services industry. Prior to Joining ConsenSys she was the CEO of IIH an innovative Wealth Management firm, a key member of PwC’s global wealth management team and served as a corporate strategy executive for the NYSE focusing on M&A. She chairs the Nexus Working Group on Impact Investing, dedicated to educating, empowering, and connecting Next-Gen impact investors, philanthropists, and social entrepreneurs. Vanessa is an Advisory Board member of Cornerstone Capital, an ESG asset manager, sits on the Advisory Board of The Resolution Project dedicated to activating young leaders through social entrepreneurship and is a Partner at Acumen fund focused on impact investing. She is a Milken Institute Young Leader and a Young Leader Board member of the Off the Record lectures series (OTR) affiliated with the Foreign Policy Association. Mrs. Grellet graduated Cum Laude from Law School (Paris II Assas) and Business School (HEC).
Partner, Cole-Frieman & Mallon LLP
Prior to co-founding Cole-Frieman & Mallon LLP, Karl Cole-Frieman was General Counsel and Chief Compliance Officer of Standard Pacific Capital, LLC (“Standard Pacific”), an SEC registered hedge fund manager in San Francisco with offices in New York, Hong Kong, and a sub-advisor in Tokyo. In addition to managing the Legal and Compliance Departments at Standard Pacific, Karl was also responsible for Human Resources, IT, General Administration, as well as certain operations and strategic matters for Standard Pacific’s credit strategy. Before joining Standard Pacific, Karl was Associate General Counsel of Sagamore Hill Capital Management, L.P., a multi-strategy hedge fund in Greenwich, Connecticut, with an office in London. Prior to that, he was Vice President and Associate General Counsel at JPMorgan Chase & Co. (“JP Morgan”), where he was lead counsel for Loan Trading and Distressed Debt, and actively involved in the Loan Syndications and Trading Association. During his tenure at JPMorgan and predecessor firm, Hambrecht & Quist, Karl also supported the M&A, Corporate Finance and Private Equity Groups. He began his career in 1997 as an Associate in the Litigation Department of Shearman & Sterling.
Principal, Transfer Pricing, Crowe Horwath
Barry Freeman is the national transfer pricing practice leader for Crowe and has over 25 years of transfer pricing and related economic experience. Barry holds a Ph.D in economics from UCLA.
Barry’s transfer pricing advisory work has focused on the economics of multi- jurisdictional (global and multi-state) intercompany pricing, including the preparation of documentation studies (for US and non-US income tax requirements and penalty protection provisions), planning studies (to help taxpayers determine appropriate transfer prices for future transactions), and economic studies for use in audit defense and APA negotiations. Before joining Crowe, Barry was a founding member and the national managing partner of the transfer pricing practice at a Top 10 Tax Consulting firm in New York. Prior to 2007, Barry was a Big 4 practice leader for economic tax issues related to the Telecommunications industry and was a member of the firm’s Washington National Tax Services Office. Barry has extensive experience structuring, developing, and implementing transfer pricing solutions for Fortune 100 and other companies in many industries including Telecommunications, Cryptocurrency, Technology and Software.
Partner, Goodwin’s Financial Industry
Steven Ellis is a partner in Goodwin’s Financial Industry, Consumer Financial Services Litigation, and Digital Currency + Blockchain Technology practices. Recognized as a Southern California “Super Lawyer,” he has extensive experience in the defense of class action lawsuits in both federal and state courts across the country. Mr. Ellis has represented prominent financial institutions, insurance companies and other major corporations in cases involving home mortgage loans, credit card processing, loan servicing, money transfers and other financial services. He is currently representing Coinbase, Inc. in defense of a class action in Leidel v. Coinbase, and recently represented Coinbase in connection with an IRS summons for customer data in IRS v. Coinbase.
Chief Commercial Officer, Libra
Partner, Financial Markets Infrastructure, ConsenSys
Ajit is a Partner with ConsenSys in the London Office where he leads our global Financial Markets Infrastructure (FMI) practice. Prior to ConsenSys, Ajit was a Director in PwC’s fintech and digital banking practice and co-founded PwC’s UK blockchain practice.
Ajit is a well regarded influencer and doer in the fintech and blockchain space. In 2017, he was recognised by coindesk as one of the key influencers at large enterprises. He has spoken at prominent fintech and blockchain conferences in the US, UK, Dubai, India, Japan and Hong Kong. He’s been featured in the blockchain insider and fintech insider podcasts, contributed to annual coindesk retrospectives as well as quoted in the Financial Times, the BBC and a range of other publications. He has served as a mentor at Startup Bootcamp and is currently advising a few startups. Ajit’s previous blockchain engagements include high profile financial services clients such as Bank of England, Nasdaq, Deutsche Bank. Deutsche Boerse and MUFG and he’s been instrumental in advising regulators, board level executives and innovation labs across the world in the strategic implications of cryptocurrency and decentralised, peer to peer architectures.
Ajit has a rich and varied background in risk and regulatory change program implementation, capital markets technology, distributed systems and telecom protocol engineering. Prior to PwC he served in technology management and innovation roles at Goldman Sachs, Barclays, GE-GXS and Bell Communications Research.
Ajit has an MBA from IMD and a Bachelors in Electrical Engineering from the Indian Institute of Technology Kanpur. He is also a CFA charterholder and holds a GARP financial risk manager certification.
Director of Research, Messari
Eric Turner, CFA serves as Director of Research at Messari, which is building an open data library to enhance transparency in the cryptoasset industry. Prior to joining Messari, he worked as a research analyst at S&P Global Market Intelligence where he covered financial technologies, including blockchain and cryptoassets. Eric has spent most of his career between buy-side and sell-side institutions including Fidelity Investments and Prudential Global Investment Management. He has presented on financial technology to a range of audiences including regulators, executives, and served as an expert witness in front of the U.S. Senate Committee on Banking, Housing, and Urban Affairs. Eric graduated with a B.Sc. in Economics from the University of Massachusetts and is a CFA Charterholder.
VP of Software Engineering, Thomson Reuters
Jon is a VP of Software Engineering within the Tax & Accounting division of Thomson Reuters. Jon has 30 years of technology experience in the tax, accounting, legal, and mortgage markets. Jon began as a software developer… then architect… now technology leader. He currently leads Distributed Ledger Technology for Thomson Reuters Tax & Accounting and is focused on using DLT to both augment and disrupt existing Tax & Accounting products.
Founding Partner, Experience Legal
Ryan is the founding partner of Experience Legal, a California law firm focused on reimagining how entrepreneurs experience legal services. Prior to Experience Legal, Ryan was an associate in the global law firms Orrick (Tech Companies) and Morrison & Foerster (Capital Markets). Ryan combines his securities, tech and startup expertise to counsel blockchain startups on all aspects of their lifecycle. He has worked with blockchain startups in Switzerland, Singapore, Cayman Islands and the U.S., and has closed over USD$100M in token sales.
Founder, Global Tax Accountants
Global Tax Accountants specializes in cryptocurrency tax and accounting, including token sales and international issues such as FBAR/FATCA/foreign entity reporting. Daniel’s conference appearances and articles cover topics such as the IRS subpoena of Coinbase, Bitcoin taxation, and triple entry accounting on the blockchain. Clients include high volume crypto traders, miners and the largest seller of Bitcoin mining equipment in the US.
Lisa Zarlenga represents public and private companies on federal income taxation issues, with a focus on tax policy issues with respect to tax legislation and Treasury guidance as well as on corporate transactional and planning matters. Lisa serves as co-chair of Steptoe’s Tax Group and leads the firm’s tax policy practice. Drawing on her experience as Tax Legislative Counsel at the US Treasury Department’s Office of Tax Policy, Lisa marries substantive tax knowledge with strong relationships at Treasury and first-hand insights on the guidance and other processes at Treasury. She helps clients advocate for and resolve tax policy issues before the Treasury Department and IRS involving proposed and pending regulations and other administrative guidance, and before Congress involving legislation.
Lisa also advises clients on structuring tax-free and taxable acquisitions and dispositions, tax-free spin-offs, and internal restructurings, including providing opinion letters and seeking advance rulings from the IRS. She also assists clients in restructuring financially troubled businesses and advises on the special rules governing consolidated groups.
Lisa has combined her policy and transactional backgrounds to advise clients on tax issues relating to blockchain and digital currency. She advises clients on conducting digital currency transactions and conversions, token offerings, and different investment and entity structures. Her experience includes advising a coalition of the leading companies in the blockchain space that was engaging directly with the IRS and policymakers to develop workable policies at an industry-wide level.
As Tax Legislative Counsel at the Treasury Department, Lisa advised Treasury’s Assistant Secretary for Tax Policy on a broad range of domestic tax policy issues, including corporate, partnership, healthcare, tax-exempt organizations, energy, income tax accounting, estate and gift, and procedure and administration. She oversaw preparation of regulations and other administrative guidance implementing the Internal Revenue Code and the president’s annual revenue proposals in these areas.
Assurance Senior Manager, Technology and Blockchain
Jagruti is an assurance senior manager at Aprio. Prior to joining Aprio, Jagruti worked as an auditor at Maganlal Thacker & Co (a member company of Alliott Group, UK) a Chartered Accountancy firm based in Oman.
She has worked for the firm since November 2007, specializing in manufacturing and technology, including fintech (SaaS, software, blockchain). Jagruti is part of the firm’s blockchain practice with a focus on accounting and auditing.
She has dealt with issues in revenue recognition, business combinations, consolidations, variable interest entities, capitalization of intangible assets and software development costs, fair value accounting, discontinued operations, troubled debt restructure, share-based compensation, alternative financial instruments including hedge funds and other derivatives, and audits of cryptocurrencies/blockchain. She is specifically focused on working with software companies and assisting them with assessing the impact of the new revenue recognition standard. Additionally, she has experience in risk assessment, identifying and testing internal controls over financial reporting, researching complex technical accounting matters and drafting technical accounting memos.
Jagruti writes articles, whitepapers and blogs around revenue recognition and regularly conducts webinars and implements case studies with strategic revenue recognition partners like RevPro/Leeyo, NetSuite, SaaSOptics and Softrax.
Jagruti received her Bachelors of Commerce in Advanced Accounting and Post-Graduate Diploma in Finance from India. She graduated with her MBA in Management Accounting from Iowa. She holds a CPA in the State of Georgia.
Jagruti’s professional affiliations include:
· American Institute of Certified Public Accountants
· Georgia Society of Certified Public Accountants
· The Institute of Internal Auditors
Partner, Financial Services
Partner, US Internal Technology Audit Services Leader for Financial Services
Michael is a Partner and has more than twenty –eight years of experience in Information Technology Internal Audit, Cybersecurity, Privacy, IT Governance Risk and Compliance and national/international regulatory requirements in the Information Technology space.
Michael is responsible for PwC’s US Internal Technology Audit Services practice for Financial Services companies and has led projects or worked in all financial services sectors. He has a strong international background having lived and worked in Europe and led teams in EMEA and APAC. His comprehensive financial services background allows him to provide insights on all aspects of information technology strategy, risk, and control; and to provide invaluable assistance in dealing with regulators and their expectations and requirements.
Michael’s primary area of focus is designing strategies for deploying technology audit in large financial services organizations and transaction processors. He has an unmatched background of public and private industry experience which enables him to construct approaches to managing information technology risk that maximize the risk management capabilities of any size Internal Audit organization.
Michael also leads the Blockchain Assurance practice globally. In that capacity, he helps clients deal with the complexities of risk, control and assurance in Blockchain infrastructures.
Prior to joining PwC, Michael was the Global Director of Technology Audit for the Bank of New York Mellon.
Senior Counsel, Perkins Coie
Dana Syracuse concentrates his practice in the blockchain, fintech, e-commerce and financial services sectors, working with clients on regulatory, business and product counseling, cyber and data security and enforcement concerns. Dana is the former associate general counsel for the New York Department of Financial Services (NYDFS) and a leading figure in the development of the country’s first comprehensive digital currency regulation. He works with a range of fintech and digital business clients on federal and state regulatory, compliance and enforcement matters, complex bank regulatory issues, including, privacy, data and cyber security, anti-money laundering, Bank Secrecy Act and Know-Your-Customer matters, consumer protection as well as contract drafting and negotiations. Dana frequently interacts with lawmakers at the state and federal level on many of these issues, including testifying before the United States House of Representatives on the future of virtual currency and blockchain regulation, training state bank examiners on blockchain related compliance issues through the Conference of State Bank Supervisors and participating in the Uniform Law Commission’s efforts to draft a model legal code for virtual currencies.
While at the NYDFS, Dana helped oversee the Department’s strategy regarding emerging payment systems, virtual currency and blockchain technology, the drafting of New York State’s BitLicense virtual currency regulation and the chartering of New York state based virtual currency exchanges. He also worked extensively with other states, through organizations such as the Conference of State Bank Supervisors, on the development of state and federal regulations and standards governing cybersecurity, money transmitters, emerging payment systems and virtual currency market participants. Dana helped develop the NYDFS strategy for the review of the cyber security standards of its regulated institutions, oversaw the revamp of the NYDFS cyber security examination process, helped implement targeted risk assessments of its regulated institutions’ cyber preparedness and took steps to assess the cyber security risks presented to the banking and insurance industries and those posed by third-party vendors.
Prior to serving with NYDFS, Dana was an assistant attorney general in the Taxpayer Protection Bureau of the Office of the New York State Attorney General. He has worked in private practice as a litigator as well as having directed his own consultancy for financial institutions, emerging payment providers, technology companies and law firms. He advised on implement services, banking and insurance regulations, money transmission, emerging payment systems, virtual currency regulation and cybersecurity practices of regulated industries.
Dana is a frequent media commentator, speaker and author on virtual and crypto currencies, money laundering, financial services regulations, data security privacy and the balance between innovation and regulation in the financial sector.
Director of FinTech practice, PwC
Subhankar Sinha is a Director in the Financial Markets group of PwC’s US firm financial services industry practice. A strategic innovation leader, he co-founded the blockchain initiative at PwC in the US and currently co-leads efforts around application of blockchain in lending and securitization value chains.
McDermott Will & Emery LLP
Partner, McDermott, Will & Emery
Alexandra C. Scheibe focuses her practice on representing financial institutions and financial technology companies in structuring and negotiating a broad range of derivatives, structured finance products, blockchain projects and all aspects of their blockchain token offerings as well as related regulatory and transactional matters. Alexandra is co-head of the Firm’s FinTech and Blockchain Practice Group.
Alexandra specializes in structuring and negotiating transactions involving financial services and technology companies, and has focused on the use and implementation of blockchain technology in platforms for derivatives, structured finance and securitization. Alexandra advises a wide range of market participants across multiple industries, including early-stage and established companies developing blockchain solutions, investors, exchanges, broker-dealers, banks and consulting firms, on the legal and regulatory implications of ICOs, including securities, commodities and money-transfer issues, custody, money service business registration requirements, and SEC and CFTC regulatory inquiries, as well as on state and international regulation. She also assists financial services firms and others in negotiating technology agreements for all types of services in light of the constantly evolving regulatory issues arising from the use of blockchain and other technologies.
Alexandra has also developed deep knowledge in the field of derivatives and regularly advises clients on a wide range of derivatives, structured notes and securitization transactions in the municipal and tax-exempt markets. She advises on derivatives regulation and strategy, including the requirements of Dodd-Frank related to business conduct standards, the swap push-out rule, swap definitional rules, clearing, margin and end-user issues, and well as the development of regulatory compliant documentation.
Alexandra also advises financial institutions and other market participants in connection distressed municipal debt offerings, and bankruptcy and restructuring issues in the municipal and tax-exempt markets.
Alexandra is a frequent speaker and writer on various topics in FinTech and blockchain, with a particular focus on distributed ledger technology, blockchain tokens, and related regulatory issues.
Alexandra is also a member of the Futures and Derivatives Regulation Committee of the Association of the Bar of the City of New York and a member of the Innovative Digitized Products and Processes Subcommittee and the Derivatives and the Futures Law Committee of the American Bar Association.
McDermott Will & Emery
Verity A. Van Tassel Richards is an attorney at McDermott Will & Emery. Verity focuses her practice on representing US and non-US broker-dealers, financial technology companies, blockchain projects and cryptocurrency funds. She counsels on a wide range of matters, including general corporate, regulatory and business questions. Verity works with transactional lawyers on structuring and negotiations when deals involve technology and financial services companies, and on blockchain token offerings, including so-called ICOs. She assists both financial services firms and vendors in negotiating technology agreements for all types of services and in considering the regulatory issues associated with such technologies.
Cardoza Law School