Cybersecurity & Data Protection, & Privacy & The Global control of Arbitrage

Cybersecurity, Data Protection, & Privacy

Course description:

The rapid growth and widespread adoption of digital assets like cryptocurrencies have seen the need for improved privacy requirements. As regulators are pushing for increased security and protection with respect to data management and protection, this session will examine emerging issues, regulations, and best practices as they relate to blockchain-based technology.

Learning objectives:

• Explain relevant laws, regulations, and best practices for managing consumer data privacy, as well as the implications for businesses in the blockchain sector
• Analyse the tools and methods currently used for protecting consumer data privacy in blockchain environments
• Discuss how successful organizations implement robust privacy and security measures from encryption, authentication, and verification

Global Control of Cryptocurrencies and Regulatory Arbitrage

Digital assets represent value stored in electronic form and one of the main types of digital asset are cryptocurrencies. Cryptocurrencies facilitate the exchange of value between people, electronically, and come in many different forms, such as security, payment, utility, and stablecoins. They have the potential to disrupt markets and also be manipulated. That is why states across the world are seeking to control them. Whilst we have seen a common approach to control, the speed has not been the same. States have sought to regulate exchanges, proscribe financial crimes, require stringent cyber security controls, and delineated the different types of cryptocurrencies. However, not all states have done this in the same way. This could lead to regulatory arbitrage and associated risks.

Learning objectives:
• Describe the meaning of regulatory arbitrage
• Compare the different ways in which states have sought to control cryptocurrencies
• Give examples of how this is likely to lead to regulatory arbitrage
• Summarise associated risks and what can be done to mitigate them