The program consists of two in-company seminars that may be taken together or separate.

Seminar I: Fundamentals of Bitcoin

 This program is designed to provide a comprehensive analysis of Bitcoin, focusing on its essential components and foundational principles from a business perspective. Participants will delve into the complexities of Bitcoin, including its underlying technology, blockchain, and the elements that influence its value and functionality in the corporate world.

The program will provide a comprehensive explanation of Bitcoin to ensure that all participants understand what Bitcoin is without any confusion.

Specifically, the program will describe and discuss the nature and meaning of Bitcoin as follows: Bitcoin as software code, blockchain network, decentralized ledger, and digital asset (private currency, store of value, and investment instrument). It will also explore Bitcoin from a financial standpoint, considering it as a private currency, payment system, commodity, and investment product.

The program will explain the two main pillars of Bitcoin, asymmetric cryptography and blockchain. It will also discuss how these concepts are used in Bitcoin from a business, non-technical perspective, avoiding technical jargon.

The curriculum covers a range of topics, such as the historical background of Bitcoin, its creation by Satoshi Nakamoto (to understand some important features and how the underlying philosophy principles inform current monetary discussions relating to Bitcoin and fiat money), and its growing adoption across various industries. Participants will gain an understanding of Bitcoin’s decentralized nature, its operation without a central authority, and the governance structures that regulate it. Additionally, the program will address key subjects like mining and block creation, secondary transactions, miner fee strategies and transaction selection, types of custodies and wallets,  explaining how these elements work together to create a secure and efficient digital currency as well as Bitcoin´s main challenges and risks.

The program will also explore and analyze relevant subjects, including the identity-related characteristics of Bitcoin. Specifically, it will address whether Bitcoin should be classified as anonymous, pseudonymous, or as having fully disclosed identities. It will also discuss the possible implications of tracing investigations and how institutional custodians must comply with AML policies.

The program will examine the complexities surrounding bitcoin administration and governance, detailing the various categories of nodes and participants engaged in the ecosystem. This includes full nodes, mining nodes, core developers, Bitcoin holders, and other relevant stakeholders such as exchanges, significant investors, regulators, and governmental entities. Additionally, it will address governing mechanisms, including protocol modifications, Bitcoin Improvement Proposals (BIPs), Bitcoin forks, and the implications of a 51% attack.

Another significant subject to be discussed is the improvement of Bitcoin’s payment capabilities, particularly through the analysis of the Lightning Network. The discussion will also cover topics such as Segregated Witness (SegWit) and Taproot, the development of bridges and interconnections with other blockchains, and the intersection between smart contracts and Bitcoin.

To ensure accessibility and engagement, the content will be presented in a clear and relatable manner. This will include real-world examples, case studies, and interactive discussions that encourage participant questions and the exchange of ideas. By breaking down complex concepts from a corporate standpoint, the program aims to foster a deeper understanding of Bitcoin and its potential applications in the business and finance environment.

Seminar II: Bitcoin Corporate School

The seminar will cover a range of corporate issues, including legal, accounting, tax, finance, and custody & security aspects relevant to companies, financial institutions, and institutional investors.

The agenda will include a discussion on the regulatory framework in the United States, featuring an overview of U.S. regulations concerning cryptocurrencies, securities regulations, money transmitter licenses, the relationship between Bitcoin and financial institutions, Bitcoin spot ETFs, as well as anti-money laundering (AML) and know your customer (KYC) regulations, along with corporate governance considerations.

Additionally, the seminar will address the regulatory framework under MICA, providing an overview of MICA and European regulations, including AML rules and corporate governance considerations.

The regulatory framework concerning local jurisdiction will also be examined, focusing on the rules and regulations surrounding cryptocurrencies, AML compliance, and key legal aspects for corporations and their boards of directors.

In terms of accounting considerations across U.S., European, and local jurisdictions, topics will include the classification of Bitcoin holdings, valuation and measurement, revenue recognition, the impact on financial statements, disclosure requirements, and the conversion of Bitcoin to fiat currency and vice versa.

Tax implications will be discussed for U.S., European, and local jurisdictions, covering aspects such as capital gains tax, other taxes, taxable events, and tax deductions.

The seminar will also delve into market research & strategy, providing financial recommendations on market strategies and transactions, including direct purchases, ETF purchases, and Bitcoin-based equity.

Finally, custody & cybersecurity issues will be addressed, covering custody basics, security considerations, incident response plans, key considerations for custody through third parties, and specific issues faced by companies.