Investment and Development Agency of Latvia organised seminar about crypto currencies.

1. LIAA SEMINAR
Cryptocurrency
Future Outlook and Risks
Konstantins Vasilenko
COO @ Paybis.com
Latvian Blockchain Association
Feb 2017

2. We are going to talk about:
uCurrent State
uFuture Outlook
uRisks

3. Current State

4. Source: Coin.dance

5. Source: Coin.dance

6. Source: Coin.dance

7. Source: Coin.dance

8. Source: Coin.dance

9. Source: Coin.dance

10. Source: Coin.dance

11. Places that Accept Crypto Payments
1K – November 2013, 11k – Jan 2018

12. Future Outlook

13. Main Use Cases for Cryptocurrency
uLegal
uPayments
uSecurity/Utility Tokens
uHigh Risk Investment /
Speculation
uStore of Value
uCrowdfunding
uIllegal
uDarknet
uTax Evasion
uML/TF

14. Where is it going?
u Mass adaptation
u % of Illegal usage is decreased year to year
u Bitcoin became too mainstream for crime
u Bitcoin compliance and risk assessment
u New cryptocurrencies with specific functions
u Smart Contracts
u Various Industries and Public Sectors explore Blockchain
u Understanding and REGULATION

15. Bitcoin Compliance? Is a Reality
uBitcoin Payments are Pseudo
Anonymous
uTrack and Analyse
uSource of incoming Bitcoin
payments
uDestination for outgoing
Bitcoin payments

16. Risks

17. Main Risks and potential Problems
u Impact on centralized and governed monetary systems - national currencies
u Extra finance injected into worldwide economy
u Marketcap keeps growing
u Currency?
u National Currency is Stable, secured and backed up by Government
u Crypto – Not Stable, Not Backed Up
u Legal Issues
u AML/CTF
u Taxes
u Lack of Understanding and Regulation by Governments prevents mass
adoption

18. Thank You!
Konstantins Vasilenko
COO, Co-Founder @ Paybis.com
Co-Founder & Board Member @ Latvian Blockchain Association
k.vasilenko@paybis.com
https://www.linkedin.com/in/konstantinvasilenko