The Financial Industry Regulatory Authority (FINRA) has scheduled a symposium in New York City to discuss Blockchain or Distributed Ledger Technology (DLT). Blockchain has powered the growth of digital currencies and since the advent of Bitcoin, Blockchain has stolen a growing amount of attention as the technology is being acknowledged as holding profound uses in financial services. In fact, the Bank of England hypothesized that by incorporating Blockchain at some point in the future central banks could hold deposits. So why would you need a retail bank? Good question. While we are not certain if FINRA is prepared to get so existential on the Fintech sector you can be certain there will be a good mix of regulatory types mingling with DLT startups and other traditional financial firms at the symposium
FINRA’s half day Blockchain Symposium, which takes place on July 13 in New York City, will discuss the use of blockchain and related opportunities and challenges. The gathering is designed to look at the changes that are occurring or may occur in the future as a result of the implementation of DLT applications in the financial industry. FINRA also said the event will feature discussions of the potential market and regulatory implications of these changes.