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I just got this memo regarding a meeting tomorrow with the US Financial Services Commission...
"The Terrorism and Illicit Finance Subcommittee will hold a hearing entitled “Virtual Currency: Financial Innovation and National Security Implications” at 10 a.m. on Thursday, June 8, 2017, in Room 2128 of the Rayburn House Office Building.
This will be a one-panel hearing with the following witnesses: • Jerry Brito, Executive Director, Coin Center • Scott Dueweke, President, The Identity and Payments Association • Kathryn Haun, Lecturer, Stanford Law School • Jonathan Levin, Co-Founder, Chainalysis • Luke Wilson, Vice President, Business Development-Investigations, Elliptic.
This hearing will explore terrorists and illicit use of financial technology (FinTech), the national security implications of virtual currencies such as Bitcoin, and the use of “blockchain” technologies to record transactions and uncover illicit activities.
Witnesses will provide testimony about the exploitation of virtual currency by terrorists and transnational criminal groups, as well as provide risk assessments and policy considerations to mitigate illicit financing but not to impede the development of FinTech innovations."
I have attached a copy of the actual memo. What does this mean?
"The Terrorism and Illicit Finance Subcommittee will hold a hearing entitled “Virtual Currency: Financial Innovation and National Security Implications” at 10 a.m. on Thursday, June 8, 2017, in Room 2128 of the Rayburn House Office Building.
This will be a one-panel hearing with the following witnesses: • Jerry Brito, Executive Director, Coin Center • Scott Dueweke, President, The Identity and Payments Association • Kathryn Haun, Lecturer, Stanford Law School • Jonathan Levin, Co-Founder, Chainalysis • Luke Wilson, Vice President, Business Development-Investigations, Elliptic.
This hearing will explore terrorists and illicit use of financial technology (FinTech), the national security implications of virtual currencies such as Bitcoin, and the use of “blockchain” technologies to record transactions and uncover illicit activities.
Witnesses will provide testimony about the exploitation of virtual currency by terrorists and transnational criminal groups, as well as provide risk assessments and policy considerations to mitigate illicit financing but not to impede the development of FinTech innovations."
I have attached a copy of the actual memo. What does this mean?