Part 1 – Defining Bitcoin Legality

July 15, 2014         By: Payment Week

Tuesday –  August 5
, 2014  –  1:00pm EST

Digital currencies have been creating quite a stir in the payments industry. Whether it is Bitcoin, Dogecoin, Darkcoin, or any other coin-of-the-crypt – regulators can’t seem to decide on the best way to handle their presence.  In this month’s segment of Regulatory Review – we dive head first into this topic with discussions from top regulators and disruptors.

After attending this webinar you will take away the following:

  • What government bodies oversee bitcoin?
    (IRS, FinCen, DOJ, State Regulators, NYDFS, CFPB)

  • How is bitcoin legally defined? Can it be defined?
    (Property, derivative, currency, commodity, other)

  • What is the future of bitcoin exchanges and who will regulate them?

  • Can it be traded legally?


Houman Shadab

Houman B. Shadab is a professor of ​law at New York Law School and Co-Director of its Center for Business and Financial Law. Professor Shadab is a prolific and influential expert in financial law and regulation whose research focuses on hedge funds, derivatives, commercial transactions, and cryptocurrencies. He has testified before Congress several times and is the author of numerous articles in academic publications. Professor Shadab is also the Editor-in-Chief of the Journal of Taxation and Regulation of Financial Institutions.



Carol R. Van Cleef

Carol Van Cleef is co-chair of the Global Payments practice group and a member of the Financial Services and Banking practice at Manatt, Phelps & Phillips, LLP, in the Washington, D.C., office. She represents financial services companies and other clients in federal and state regulatory, compliance, and enforcement matters, including anti-money laundering, electronic payments, federal deposit insurance, and other bank regulatory issues.



 TimTim Byun  –  Chief Compliance Officer, BitPay

Tim Byun serves as BitPay’s Chief Compliance Officer. He leads the company’s regulatory relationships and builds upon the company’s strong compliance framework. Prior to joining Bitpay, Tim served as Visa’s Head of Anti-Money Laundering – Network as well as the Head of Credit Settlement Risk for over 5 years. Tim also regulated banks for 16 years with increasing responsibilities with the Federal Reserve Bank of San Francisco and the Federal Deposit Insurance Corporation. Tim obtained an MBA from UCLA Anderson School of Management and Bachelor’s of Science degree from University of Southern California.




Moderator: Felix Shipkevich

Mr. Shipkevich is a principal of Shipkevich PLLC. His practice concentrates on futures, commodities, and derivatives regulatory, transactional, and enforcement matters. Mr. Shipkevich has a strong legal background in corporate governance, compliance, regulatory, and collateral issues associated with these areas.