Bitcoin is a decentralized, peer-to-peer payment system - it is to money what Napster was to file sharing. Bitcoin is not backed by any one government, nor is it run by any one corporation, and at its core is a piece of technology that attempts to solve a problem that has eluded the banking community for decades: how can you use the internet to transfer a dollar instantaneously and ensure the dollar is not spent twice? 

Bitcoin is the dawn of a new "virtual" era, and it is already redefining the way we think about moving money. 

This webinar will cover:

• Bitcoin Basics - What it is and how it works
• Common Misconceptions - Criminal activity, anonymity and hackers
• The Ecosystem - Types of bitcoin companies banks are likely to encounter
• Using Bitcoin - Merchant adoption, and the advantages and disadvantages of using bitcoin
• Money Service Business/Money Transmitter Regulation - State, Federal and international
• Bank Secrecy Act Compliance - Anti-Money Laundering and Know-Your-Customer policies
• The Need for Banks - Bitcoin's struggle to secure banking relationships; how money moves from the virtual world to the banking world; and the type of transaction activity banks can expect to see from virtual currency companies
  
  Why Bitcoin Matters: macro-level discussion and possible future developments