Discussion "Blockchain in the Financial Industry – Future Perspectives in the EU and Baltics"

Thursday, August 9, 2018 - 12:00

Finance Latvia Association together with the European Commission Representation in Latvia and Eversheds Sutherland Bitāns Law Office is organizing a working discussion amongst policy makers and experienced practioners on the future of blockchain in the financial industry from the EU and Baltic perspective.

The goal of the workshop “Blockchain in the financial industry – future perspectives in EU and Baltics” is to lay ground for joint Baltic proposals towards a position on the future use of blockchain technology in the EU financial market.

The tremendously fruitful co-operation with the European Commission that begun with a joint position regarding the future of the EU financial market submitted to the EC on behalf of nine associations on June 2017 and discussion on the FinTech Action Plan on March 23, 2018, should be continued.

The event will take place on August 9, 2018 in partnership with Latvijas Banka, Estonian Banking Association, Swedbank, Blockchain Development Association of Latvia and Latvian Blockchain Association from 12.00 to 15.00 at the EU House, 28 Aspazijas bulvāris (2nd floor).

Blockchain is a digital technology that promises to transform the financial sector with disruptive innovations.  It could deliver notably improved efficiency for businesses and significantly enhance transparency and lower costs for consumers. It equally contributes to wider accessibility of financial services through decentralized delivery channels and peer to peer applications that do not require additional authorization. Blockchain technology completely reshapes the way that the financial sector operates today.

Agenda of the event:

12.00 – 12.15 – registration and coffee

12.15 – 12.20 – opening remarks by Sanda Liepiņa, CEO, Finance Latvia Association

12.20 – 12.30 – “European leadership in a digital technology? The European Blockchain Partnership aims for a cross-border Blockchain services infrastructure” presentation by Pēteris Zilgalvis, J.D., Head of Unit, Digital Innovation and Blockchain, Digital Single Market Directorate, DG CONNECT, Co-Chair, FinTech Task Force, European Commission

12.30 – 12.40 – “Regulatory sandboxes. Blockchain technology use case studies. Legal aspects” presentation by Māris Vainovskis, Senior Partner, Attorney at Law, Head of Banking and Finance, Eversheds Sutherland Bitāns

12.40 – 12.50 – "Blockchain platform for financial institution data exchange: First use case - SWEET pre-study" by Justinas Jurkonis, Agile Product Owner at Open Banking Pilot Platforms, Swedbank

12.50 - 13.00 - "Common misunderstandings and mythologization of Blockchain technology" presentation by Anatoly Ressin, Blockchain Architect & CEO of Blockvis, Board Member of Latvian Blockchain Association

13.00 – 14.00 - Discussion moderated by Mr. Zilgalvis with participation of:

  • Deniss Fiļipovs, Head of Payment Systems Policy Division, Latvijas Banka (LV)

  • Asse Sauga, Member of the Board, Estonian Cryptocurrency Association (EE)

  • Jānis Graubiņš, Member of Blockchain Policy and Framework Conditions Working Group at EU Blockchain Observatory and Forum; Business Analyst at Verum Capital, Co-founder at Notakey (LV)

  • Alexander Zelinsky, Member of Board, Velvet Finance Limited (UK)

  • Justinas Jurkonis, Agile Product Owner at Open Banking Pilot Platforms, Swedbank (LT)

  • Lev Bass, Member of the Board, Blockchain Development Association of Latvia (LV)

14.00 – 14.20 – coffee break and networking

14.20 – 15.00 – introduction of Remote identification of customers (“Procedure and scope of remote identification performed by a subject of the Law on the Prevention of Money Laundering and Terrorism Financing” passed the Cabinet of Ministers on July 3rd) by Edgars Pastars, Legal Counsel, Finance Latvia Association

  • Q&A and Closing

Working language – English. More info and registration: www.ej.uz/Blockchainevent   

Contact person: Kristīne Mennika, Head of Strategic Communications, Finance Latvia Association, +37126528533, Kristine.mennika@financelatvia.eu

This event is organized within Open Digital Financial Framework that has been approved by the Council of Finance Latvia Association on December, 2017. That envisages Latvia at the forefront of the Open Digital Finance in the EU by the end of 2022.

Finance Latvia Association is committed to deepen the meaningful discussion of FinTech Action Plan in the Baltics started back in 2017 with the input provided on EC consultation.