At the end of this course, the participants are expected to:

1. Describe the role of cryptocurrencies in the financial system;
2. Explain the ecosystem of Bitcoin;
3. Identify and assess risks in investing in cryptocurrencies;
4. Discuss the regulatory implications of crypto assets according to Basel; and
5. Understand what a global central bank digital currency might do.

I. Brief History of Money - Functions of Money, What is Money

II. The Evolving History of Bitcoin - Bitcoin as Digital Gold

III. Bitcoin and Blockchain - The Big Picture

IV. Elements of Cryptocurrencies

V. Basics of Cryptocurrencies

   A. What is Bitcoin and Blockchain?

   B. The Ecosystem of Bitcoin

   C. Cryptography

   D. Consensus Protocol

VI. Risks in Cryptocurrencies

   A. Market Risk

   B. Credit Risk

   C. Liquidity Risk

   D. Wallet Risk

   E. Regulatory Risk

VII. Basel Committee: Prudential Treatment on Crypto Asset Exposures

VIII. Central Bank Digital Currencies

IX. Laying Out the Arguments

    A. Bitcoin Maximalist
    
    B. Bitcoin Minimalist

    C. Compromise View

X. Crypto Asset Investing

     A. Fundamental Analysis

     B. Technical Analysis

     C. Crypto Asset Classes

     D. Investment Themes

Mr. Philip Te is a Director for Financial Markets based in Singapore with more than 10 years of structuring derivative solutions for clients in Asia. Prior to this, he headed the structured products and investments department of a local commercial bank. He used to be a Senior Associate at Ernst and Young’s Quantitative Advisory Services group and Financial Services Risk Management group. 

He is the Program Director of Derivatives, Risk Management, and Investment courses at the Ateneo Center for Continuing Education. He has lectured extensively on derivatives, risk management, and value investing for various institutions in the region. He is the author of the two-volume book Bank Risk Management published by Oxford University Press, The SEC Module on Risk Management, and the BAP Risk Management Primer. 

His interest in crypto started in 2016/2017. He is taking Masters in Digital Assets and Cryptocurrencies from the University of Nicosia. He is a Certified Bitcoin Professional given by the C4 Consortium. He is currently writing a textbook on cryptocurrencies. He has lectured on cryptocurrencies for various institutions throughout Asia. 
 

Mr. Leo Tay is the Managing Director for a global commercial bank heading the interest rates and FX trading platform for the Asia Pacific based in Singapore. He is also the Digital Assets Champion for the bank in Asia sponsoring the development of crypto products for the bank. He has more than two decades of experience in macro trading and financial markets with more than a decade of managing financial markets traders in Asia. 

Mr. Tay is also a lecturer on Financial Economics for Ateneo. He is a sought-after conference speaker on financial markets, trading, and crypto. He is currently on the advisory board of FX Markets Asia.  

His interest in crypto started in 2012. He is currently taking his Masters in Digital Assets and Cryptocurrencies at the University of Nicosia. He is writing a textbook on cryptocurrencies.