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It’s unfortunate, but it happens. First came cryptocurrency. Then came the cryptocurrency crooks. In the emerging cryptocurrency marketplace, what needs to be done to protect consumers from scams, schemes, and swindles? That’s the topic of a half-day workshop on June 25, 2018, in Chicago, and the FTC just announced the agenda.

Decrypting Cryptocurrency Scams brings together federal and state law enforcers, consumer advocates, and industry members to survey the landscape, describe the pitfalls, and discuss steps to protect consumers from deceptive practices. FTC Bureau of Consumer Protection Director Andrew Smith will open the event with remarks at 1:00 Central Time. The first panel will talk about the short but already eventful history of cryptocurrencies. Beginning with bitcoin and continuing with the recent growth in initial coin offerings (ICOs), how are consumers using cryptocurrencies – payments, investments, or something else?

The next panel will map the scam landscape. How are con artists operating in the marketplace? What challenges do law enforcers face in detecting illegal practices? And are there tell-tale signs that can tip consumers off to possible fraud?

Panel #3 will talk about effective approaches to cryptocurrency scams. How are law enforcers responding so far? Do consumers know how to report fraud? How should government agencies enforce the law effectively while still encouraging pro-consumer innovation? What needs to be done to educate consumers about the risks?

Decrypting Cryptocurrency Scams kicks off at 1:00 CT at DePaul University, 1 East Jackson Boulevard, Suite 8005, in Chicago. It’s free and open to the public. Pre-registration isn’t required, but if you’re planning to be there, do us a favor and email us at fintechseries@ftc.gov. Want to watch via webcast? We’ll post a link on the event webpage a few minutes before the start time on June 25th.

Attention attorneys: This event has been approved for 2.75 Illinois MCLE general credit hours.
 

 

8 Comments


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The purpose of this blog and its comments section is to inform readers about Federal Trade Commission activity, and share information to help them avoid, report, and recover from fraud, scams, and bad business practices. Your thoughts, ideas, and concerns are welcome, and we encourage comments. But keep in mind, this is a moderated blog. We review all comments before they are posted, and we won’t post comments that don’t comply with our commenting policy. We expect commenters to treat each other and the blog writers with respect.

  • We won’t post off-topic comments, repeated identical comments, or comments that include sales pitches or promotions.
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  • We won’t post threats, defamatory statements, or suggestions or encouragement of illegal activity.
  • We won’t post comments that include personal information, like Social Security numbers, account numbers, home addresses, and email addresses. To file a detailed report about a scam, go to ReportFraud.ftc.gov.

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Theresa Holly
June 12, 2018
sound interesting and very imformative
Justin
June 13, 2018
Can you make the video available after the event? Thanks.
lfair
June 22, 2018

In reply to by Justin

Yes, we usually post a video of workshops on ftc.gov.

Garry Brown
June 25, 2018
Is it possible to get a podcast of the workshop?
Catherine
February 15, 2019
The video link says access denied. Do you have to register or was it just taken down? Thanks!
FTC Staff
February 19, 2019

In reply to by Catherine

Videos of the event are available and you don't need to register. They are available from the event page.

When you're on the event page, scroll down to Event Details and click on the Video tab. The Video tab will expand to show you the titles for three videos that were made at the event. Click on the title you want to watch and a new tab will open so you can watch that video.

 

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