New Territories

13 Segment 5. DeFi creates enormous opportunities for everyday people in Latin America.

joycelylai@gmail.com (New Territories) — Tue, 7 Jan 2020 17:46:02 +0000

Nadia shares her optimism for the potential for DeFi to create enormous opportunities for everyday people in Latin America. Not legal or professional advice.

13 Segment 4. Business opportunities in payments tech in Latin America.

joycelylai@gmail.com (New Territories) — Tue, 7 Jan 2020 17:44:27 +0000

Nadia describes business opportunities in payments tech in Latin America. Not legal or professional advice.

13 Segment 3. The crypto demographic in Latin America

joycelylai@gmail.com (New Territories) — Tue, 7 Jan 2020 17:38:38 +0000

Nadia describes the crypto demographic in Latin America. Not legal or professional advice.

13 Segment 2. Daily life in Latin American countries with hyper-inflation.

joycelylai@gmail.com (New Territories) — Tue, 7 Jan 2020 17:37:31 +0000

Nadia discusses daily life in Latin American countries with hyper-inflation. Not legal or professional advice.

13 Segment 1. Nadia Alvarez background and experience.

joycelylai@gmail.com (New Territories) — Tue, 7 Jan 2020 17:27:57 +0000

Nadia Alvarez shares her background and experience. Not legal or professional advice.

13. DeFi in Latin America: A Convo with Maker Foundation's Nadia Alvarez

joycelylai@gmail.com (New Territories) — Tue, 7 Jan 2020 17:15:59 +0000

A conversation with Nadia Alvarez, Business Development Lead for Latin America at Maker Foundation. In this episode, we discuss: (1) Nadia's background and experience, (2) daily life in Latin American countries with hyper-inflation, (3) crypto demographic in Latin America, (4) payment tech business opportunities, (5) the enormous DeFi opportunity for everyday people, (6) creative use cases for Dai and (7) policy issues hindering crypto adoption. Not legal or professional advice.

12 Segment 4. Why did you choose to build on Ethereum?

joycelylai@gmail.com (New Territories) — Mon, 30 Dec 2019 20:44:09 +0000

Ethereum is not the only blockchain out there. But it has attracted a large developer community and a big ecosystem compared to other blockchains. Hear why Anton chose to work on Ethereum. Not legal or professional advice.

12 Segment 3. Getting more developers on Ethereum.

joycelylai@gmail.com (New Territories) — Mon, 30 Dec 2019 20:43:57 +0000

What does it mean to get enterprises to use the blockchain? How do we get developers who work in big companies to get comfortable with developing software for blockchain? Not legal or professional advice.

12 Segment 2. Choice of programming languages and why they matter.

joycelylai@gmail.com (New Territories) — Mon, 30 Dec 2019 20:43:44 +0000

Anton discusses the similarities and differences between programming languages for traditional programming and blockchain programming. What is the most popular and what are developers used to? What are the differences between Java and Solidity? Not legal or professional advice.

12 Segment 1. How did you get into blockchain?

joycelylai@gmail.com (New Territories) — Mon, 30 Dec 2019 20:43:12 +0000

Anton shares his background and how he got into working in the blockchain space. Not legal or professional advice.

12. Java, Ethereum and Enterprise Blockchain Projects

joycelylai@gmail.com (New Territories) — Mon, 16 Dec 2019 20:24:16 +0000

I had a conversation with Anton Mozgovoy, Head of Product at Jthereum. Just as much as the tech folks can learn from the law and policy side, the policy folks can also learn a lot about the blockchain ecosystem from tech and product folks. In this episode you'll learn about how a choice of programming language may help spark greater growth in the ecosystem, especially in the enterprise space.

Not legal or professional advice.

Have feedback? I'd love to hear from you. You can find me on Twitter at @theJoyceLai.

11 Segment 7. Blockchain protocol and regulatory analysis

joycelylai@gmail.com (New Territories) — Thu, 7 Nov 2019 17:08:00 +0000

Topic: Blockchain protocol and regulatory analysis

Perspective: Whether the public or private nature of the underlying blockchain protocol could affect analysis.

Not legal or professional advice.

11 Segment 6. Potential U.S. commodities law issues related to monetary policy

joycelylai@gmail.com (New Territories) — Thu, 7 Nov 2019 17:07:00 +0000

Topic: Potential U.S. commodities law issues related to monetary policy

Perspective: Could traditionally pegged currencies be regulated?

Not legal or professional advice.

11 - Segment 5. U.S. securities law issues for stablecoins

joycelylai@gmail.com (New Territories) — Thu, 7 Nov 2019 17:06:00 +0000

Topic: U.S. securities law issues for stablecoins

Perspective: Generally speaking, how do stablecoin structures fit into the Howey test? Could arbitrage opportunities affect the analysis?

Not legal or professional advice.

11 - Segment 4. CFTC vs. SEC jurisdiction

joycelylai@gmail.com (New Territories) — Thu, 7 Nov 2019 17:05:00 +0000

Topic: CFTC vs. SEC jurisdiction

Perspective: Is CFTC vs. SEC jurisdiction always mutually exclusive?

Not legal or professional advice.

11 Segment 3. U.S. commodities law regime and stablecoin applications

joycelylai@gmail.com (New Territories) — Thu, 7 Nov 2019 17:04:00 +0000

Topic: U.S. commodities law regime and stablecoin applications

Perspective: General overview of U.S. commodity regulatory regime. Could stablecoins be a derivative? An option? How to think about market maker models of stablecoins?

Not legal or professional advice.

11 - Segment 2. Key privacy issues that stablecoins issuers should consider.

joycelylai@gmail.com (New Territories) — Thu, 7 Nov 2019 17:03:00 +0000

Topic: Key privacy issues that stablecoins issuers should consider.

Perspective: Intersection between stablecoins, GDPR and other privacy law regimes.

Not legal or professional advice.

11 - Segment 1. What is a stablecoin?

joycelylai@gmail.com (New Territories) — Thu, 7 Nov 2019 17:02:00 +0000

Topic: What is a stablecoin?

Perspective: General overview of stablecoin nomenclature. Broad categories of stablecoins including asset-backed, algorithmic etc.

Not legal or professional advice.

11. Regulatory web of commodity, securities and privacy laws related to stablecoins

joycelylai@gmail.com (New Territories) — Thu, 7 Nov 2019 17:00:00 +0000

A small(ish) taste of the general types of regulatory issues that structuring a stablecoin in the U.S. could bring up. I sat down with Steve Wink, Yvette Valdez and Christian McDermott from Latham & Watkins to discuss this from the commodities laws, securities laws and privacy law perspectives.

Not legal or professional advice.

10 - Segment 4. Lack of regulatory clarity

joycelylai@gmail.com (New Territories) — Sun, 3 Nov 2019 21:16:35 +0000

Topic: Lack of regulatory clarity

Guest: Steve Wink

Perspective: Concerns around approving broker dealers to deal with digital assets. Custody and issues with exclusive control.

Not legal or professional advice.

10 - Segment 3. Decentralized Finance "DeFi"

joycelylai@gmail.com (New Territories) — Sun, 3 Nov 2019 21:14:19 +0000

Topic: Decentralized Finance "DeFi"

Guest: Steve Wink

Perspective: Developers need to be be cautious and understand that it is one of the most highly regulated industries in the world.

Not legal or professional advice.

10 - Segment 2. International blockchain tech race

joycelylai@gmail.com (New Territories) — Sun, 3 Nov 2019 21:11:10 +0000

Topic: International blockchain tech race

Guest: Steve Wink

Perspective: Over regulation will stifle innovation in the U.S. if central banks view stablecoin type innovations as a threat.

Not legal or professional advice.

10 - Segment 1. Macro trends with stablecoins

joycelylai@gmail.com (New Territories) — Sun, 3 Nov 2019 21:06:52 +0000

Topic: Macro trends with stablecoins.

Guest: Steve Wink

Perspective: Governments are finally catching on to the tremendous power of these products.

Not legal or professional advice.

10. Macro Views with Steve Wink - Stablecoins Part 2

joycelylai@gmail.com (New Territories) — Thu, 31 Oct 2019 12:30:00 +0000

Governments are catching on to the tremendous power and value of blockchain based technologies. But in terms of embracing the potential of distributed ledger technologies, different jurisdictions move at vastly different pace. Steve Wink, a partner from Latham Watkins, shares his unique perspective as counsel to various blockchain entrepreneurs across the globe.

Nothing in this episode, or any content in New Territories, should be construed as legal or professional advice.

9 - Segment 6. What will the stablecoin landscape look like in three years?

joycelylai@gmail.com (New Territories) — Sat, 26 Oct 2019 16:14:00 +0000

Issue: What will the stablecoin landscape look like in three years?

Guest: Marc Boiron

Perspective: In three years, there would still be minimal usage. Nearly zero usage in the U.S.

Not legal or professional advice.

9 - Segment 5. Legal issues for legal issues for launching a stablecoin in the U.S.

joycelylai@gmail.com (New Territories) — Sat, 26 Oct 2019 16:09:29 +0000

Issue: Legal issues for legal issues for launching a stablecoin in the U.S.

Guest: Marc Boiron

Perspective: U.S. legal issues related to launching stable coins. Not legal advice.

Not legal or professional advice.

9 - Segment 4. Public private collaborations in stablecoins.

joycelylai@gmail.com (New Territories) — Sat, 26 Oct 2019 16:00:52 +0000

Issue: Public private collaborations in stablecoins.

Guest: Marc Boiron

Perspective: Open sourced, decentralized networks are ideal environments for collaboration, including collaboration between public and private sectors.

Not legal or professional advice.

9 - Segment 3. Libra and the potential destabilization of the U.S. dollar.

joycelylai@gmail.com (New Territories) — Sat, 26 Oct 2019 15:58:42 +0000

Issue: Libra and the potential stabilization of the U.S. dollar.

Guest: Marc Boiron

Perspective: No real alternative to U.S. dollar currently but the asset basket structure of Libra may present a model for an alternative. If more trusted parties engage in the process through the association, the public sentiment may change.

Not legal or professional advice.

9 - Segment 2. What is a stablecoin?

joycelylai@gmail.com (New Territories) — Sat, 26 Oct 2019 15:51:52 +0000

Issue: What is a stablecoin?

Guest: Marc Boiron

Perspective: Term could be used to describe anything that is price stable relative to something else.

Not legal or professional advice.

9 - Segment 1. Thoughts on the Crypto Ratings Council

joycelylai@gmail.com (Joyce Lai) — Tue, 22 Oct 2019 21:28:10 +0000

Topic: Thoughts on the Crypto Ratings Council

Guest: Marc Boiron

Perspective: Exchanges are in difficult position to decide what crypto assets to list. So this is a good starting point for analysis, but "1-5" numerical format may not be useful.

*New issue specific segment format. Save time and find specific topics more easily. Some segments may be a standalone perspective on a topic. Feedback welcomed through Twitter DM @TheJoyceLai*

Disclaimer: Nothing in the New Territories podcast should be construed as legal or other professional advice.

9. Conversation About Stablecoins Part 1 with Marc Boiron

joycelylai@gmail.com (Joyce Lai) — Mon, 7 Oct 2019 00:33:38 +0000

With Libra filling up the headlines, the term "stablecoin" has become common parlance. What types of setup does the term "stablecoin" refer to? What are the connections between a project like Libra and existing sovereign currencies? Are there ways that the public and private sectors can collaborate? What are some of the legal issues that surround launching a stablecoin?

8. SIM Swap - A Litigator’s Perspective

joycelylai@gmail.com (Joyce Lai) — Fri, 13 Sep 2019 00:33:38 +0000

A particular type of hacking incident, commonly referred to as “SIM Swapping,” is increasingly common. In this episode, we learn from Rebecca Rettig, a litigator who has worked on crypto cases since the early days, about the typical fact pattern in these incidents and how we can better protect ourselves. We also learn what one can do if you are an unfortunate victim of such a crime. She also explains what is typically in a customer services agreement between a customer and a wireless service provider.

7 - Syndicated Loans - LSTA and OpenLaw Collaboration

joycelylai@gmail.com (Joyce Lai) — Thu, 29 Aug 2019 00:33:38 +0000

While we do not often hear about it in the news, the U.S. syndicated loans market is approximately $3 trillion in size. Although large sums of money change hands in this market, the efficiency in the operations of this market remains dependent on circulating lots of paper amongst many different parties. The loan syndication space is prime for increased efficiency with blockchain tech. In this episode, I speak with Bridget Marsh, Executive Vice President and Deputy General Counsel of the Loan Syndication Trade Association, and Aaron Wright, Founder of OpenLaw, on how the syndicated loan market works and why using a blockchain based contract platform such as OpenLaw will make the syndicated loan market better for all parties.

6. Pocketful of Quarters - Lewis Cohen’s Two Cents

joycelylai@gmail.com (Joyce Lai of The Brooklyn Project) — Wed, 7 Aug 2019 00:33:38 +0000

On July 25, 2019, SEC's Division of Corporate Finance issued its second ever blockchain token related no-action letter to Pocketful of Quarters, Inc. (Quarters). I spoke with Lewis Cohen, the attorney who represented Quarters in obtaining this no-action relief for the Quarters' platform which uses an ERC 20 token. We discussed the 13 year old founder's vision for this company, the process they went through to obtain the no-action letter and why he believes that this no-action relief is meaningful despite some critics' sentiment that the facts were clearly beyond the scope of SEC's jurisdiction.

5. Evolution of Responsible Fundraising Tools for Blockchain Start-Ups

joycelylai@gmail.com (Joyce La) — Mon, 29 Jul 2019 00:33:38 +0000

With the "ICO days" of the blockchain industry more or less behind us, how has the thinking behind early stage blockchain start-up fundraising evolved? What responsible fundraising tools are available for blockchain entrepreneurs? Most VCs and entrepreneurs are familiar with the traditional convertible note. Learn how the traditional convertible note could be adapted (and automated!) for early stage blockchain start-ups.

4. Better Client Outcomes, Happier Lawyers - A Legal Tech Conversation with Stevie Ghiassi and David Cios

joycelylai@gmail.com (Joyce Lai) — Mon, 15 Jul 2019 00:33:38 +0000

Blockchain tech forces us to evaluate and reimagine the ways in which we trust people with whom we do business. Legal contracts, and the way legal services are delivered, are integral components of the trust paradigm. Technology is being implemented into the provision of legal services like never before. For law firms, what does it say about their current business models? For attorneys, what does it say about the relevance of their skill sets? For the legal industry as a whole, how do we create standards in which can all work together?

3. Kik Litigation: Perspectives From Barry Rashkover, a Sidley Partner and Former SEC Enforcement Senior Official

joycelylai@gmail.com (Joyce Lai) — Wed, 3 Jul 2019 00:33:38 +0000

As the industry keeps its eyes on the development of the Kik litigation, I speak with Barry Rashkover for his perspective. Barry currently co-leads Sidley’s global enforcement and regulatory practice. Prior to Sidley, Barry served as Co-Head of Enforcement and Associate Regional Director for the SEC’s Northeast Regional Office. Having worked on both sides of SEC enforcement actions, Barry walks us through the key issues in the Kik litigation and what we should all pay attention to going forward.

2. Hong Kong University Professor Brian Tang on Hong Kong's Token Regulatory Landscape

joycelylai@gmail.com (Joyce Lai) — Mon, 17 Jun 2019 00:33:38 +0000

Brian Tang, Founder of ACMI and LITE Lab@HK, shares with Joyce Lai how Hong Kong, as one of the top three IPO destinations of the world, is continuing to innovate to be internationally competitive as a global capital-raising centre while protecting investors. Brian also sheds light on the relevance of the recent Alibaba listing in Hong Kong and also Hong Kong's "one country, two systems" framework.

1. Making Infrastructure Investments More Accessible And Impactful

joycelylai@gmail.com (Joyce Lai) — Fri, 31 May 2019 00:33:38 +0000

In a conversation with Dave Sandor and Bill Kentrup, co-founders of Allinfra, Joyce Lai learns how the team seeks to change the investment dynamics in the historically slow-moving, but important infrastructure asset class. Through bypassing traditional funding intermediaries and bringing infrastructure assets closer to investors, Allinfra hopes to not only improve relative financial returns, but also create positive changes in social and environmental views.