we're going to be discussed at the world bank 6/14

[aigeezer]

I was looking at the online bios of the speakers. Here's a snippet of possible interest. I think we can predict where this is going.

"But, if your goal is to steal credit cards and launder the proceeds through a virtual world, you most surely can create another digital identity to do so. And that’s the trick for law enforcement: How do we resolve those alternate identities?" - attributed to Jason Thomas, of Thomson Reuters.

http://www.linkedin.com/groups/Jason-Thomas-Sr-Analyst-in-3863243.S.49936764

[1714861438]

1714861438

[1714861438]

1714861438

[1714861438]

1714861438

[knight22]

I don't think they will come to any good conclusions with their basic knowleadge on bitcoin

[knight22]

Their agenda's fairly obvious (pun intended):
http://globalforumljd.org/docs/events/061413/061413_agenda.pdf

Thomson Reuters Special Services board of directors is a spooks gallery:
http://www.trssllc.com/about-us/board-of-directors/

And their blog suggests they're fairly closely connected to the NCMEC:
http://blog.thomsonreuters.com/index.php/2013-hope-awards-gala/

More on Mr Allen:
http://www.ncmec.eu/page.php?Id=45

Good find

[knight22]

http://globalforumljd.org/docs/events/061413/061413_agenda.pdf

Agenda: Virtual Currency – Legal and Regulatory Perspectives

June 14, 2013

9.00 – 9.15 AM: Welcome and Opening Remarks
Hassane Cisse, Deputy General Counsel Knowledge and Research, Legal Vice-Presidency, the World Bank
Massimo Cirasino, Head, Payment Systems Development Group, the World Bank

9.15 – 9.40 AM: Overviewof Virtual Currencies
Iddo De Jong, the European Central Bank (ECB)

9.40 – 10.00 AM: Implications for Payment Systems Overseers
David Mills, Senior Economist, Federal Reserve Board of Governors

10.00 - 10.20 AM: Q&A

10.20–10.35 AM: Coffee Break

10:35 –10:55AM: Usage of Virtual Currency for illicit activities – typologies
Jason Thomas, Head, Thomson Reuters Special Services’ innovation initiatives

10.55 – 11.10: Usage of Virtual Currency for illicit activities – specific examples
Ernie Allen, President and CEO, International Centre for Missing and Exploited Children

11.10 – 11.30 AM: Recent regulatory actions by the US Treasury and other regulators
Emery S. Kobor, Deputy Director, Office of Strategic
Policy Terrorist Financingand Financial Crimes Department of the Treasury, USA

11:30 – 11.55 AM: Q&A

11:55 – 12.00 PM: Closing Remarks and Wrap

[Mike Christ]

"value"

Good catch   I'd missed that.

[bbit]

Things are happening behind closed doors.

why people attend the bilderberg protests: http://www.youtube.com/watch?v=CxuC-C84vK8

Mainly because any bilderberg protests are set up for them to find out who to spy on even more. In other words, they are a honeypot to be tagged and spied on.

[Mike Christ]

Mainly because any bilderberg protests are set up for them to find out who to spy on even more. In other words, they are a honeypot to be tagged and spied on.

Decentralize the protests!

[hacknoid]

Over all I'm positively surprised:

What are the threats and opportunities associated with this new payment

Didn't expect to even see this word on their agenda.

"Threats and opportunites" is biz-speak just like "Not ruling anything in or out" is meaningless say-nothing verbiage which has infested the mainstream

Likely the OT from SWOT analysis: http://en.wikipedia.org/wiki/SWOT_analysis.  Basically sizing up the competition.

[ninjarobot]

Q&A Session at the world bank:

Q: Do Bit-Coins have "value" ?

A: Yes, but only on the "Inter-Net".

[newtothescene]

Is this open to the public?  I couldn't really tell from the flyer unless I missed something obvious....

Considering maybe going if it is.

[MagicBit15]

Wow nice catch!! I am definitely going to tune into that lol

[QuestionAuthority]

"As of May 7th, 2013, 4 PM EST, a total of 11.1 million bit coins had been issued and were valued at USD 107 each. On May 7th, 2013 there were a total of 56,065 transactions using BitCoin and the market cap of entities associated with BitCoin was USD 1.2 billion.

Virtual Currencies have also spawned an ecosystem to facilitate its use for commerce – (i) there are payment processors that facilitate the acceptance of these; (ii) exchanges which facilitate trading other real-world currencies for virtual currencies and also perhaps in future trading various virtual currencies as well; (iii) digital wallet providers which facilitate holding of virtual currencies safely and using them for payment transactions; (iv) ATMs which allow withdrawal in real-world currency in cash by exchanging virtual currency units; and, (v) dedicated websites related to tracking trends in virtual currency and also as an online directory.

These schemes needless to say create a number of concerns for regulators and law enforcement authorities. Firstly, they circumvent the authority of the central banks and monetary authorities to control money supply and could hence potentially impact financial stability. Secondly, these pose concerns related to money laundering and financing of terrorism because of their anonymity and easy use for cross-border transactions. These however could also be an extremely efficient way for certain kinds of payments notably low-value payments."

Sounds like they are on the fence between bad and good. Like all bureaucrats, they are probably going to see some potential but be afraid to speak out in favor of Bit-Coinz for fear of making their bosses (Big Banks) or constituents (Tax Authorities like the IRS) angry.

[Luciddd]

Should be illegal to not have this be public.

[klaus]

its a show.

it started 2008.

funny to be in the eye of the hurricane that yet did not really gain traction ...

[AliceWonder]

what's a Bit-Coin?

Spell check did that, I guarantee it.

[dave111223]

Think about the children!

[hl5460]

More regulatory action will bring more peer's attention.

[franky1]

the main questions to ask.

in the last 4 years how many guns have been bought in african countries using FIAT/GOLD. now how many have been bought using bitcoin.

with silkroad only doing 20mill of transactions in a whole year. yet statistics shows the whole economy does atleast 27mill dollars of transactions PER DAY with a maximum point of 72mill dollars transacted in just one DAY April 15th. does this really show bitcoin as being a illegal activity currency with only 0.25% known crime rate

[apetersson]

This event is organized within the Global Forum on Law, Justice and Development which is a permanent knowledge forum that seeks to connect experts and stakeholders from around the world and to provide a mechanism for continual and efficient knowledge exchange and for the cogeneration of innovative legal solutions to development challenges based on efficiency, equity and justice.

i don't see any experts or stakeholders of this topic on the list of sponsors, participants or speakers.

this would be a good opportunity for the Bitcoin Foundation to send a lobbyist.

[Ares]

This is not good or bad news.

A discussion by them on Bitcoin was inevitable at some point, so this shouldn't come as a surprise to anyone. You won't disrupt the world of finance without anyone noticing.

As another pointed out, the fact that the word "opportunities" was used gives me hope for at least a semi-unbiased discussion which more than enough for Bitcoin to shine.

Hopefully they will recognize that a decentralized currency is an inevitably and not just try to keep the lid on it for as long as possible (not long)