Development of Trust Infrastructures for Virtual Asset Service Providers
2020; Springer Science+Business Media; Linguagem: Inglês
10.1007/978-3-030-66504-3_5
ISSN1611-3349
Autores Tópico(s)Blockchain Technology Applications and Security
ResumoVirtual asset service providers (VASPs) currently face a number of challenges, both from the technological and the regulatory perspectives. In the context of virtual asset transfers one key issue is the need for VASPs to securely exchange customer information to comply to the Travel Rule. We discuss a VASP information sharing network as one form of a trust infrastructure for VASP-to-VASP interactions. Related to this is the need for a trusted identity infrastructure for VASPs that would permit other entities to quickly ascertain the legal business status of a VASP. For customers of VASPs there is a need for seamless integration between the VASP services and the existing consumer identity management infrastructure, providing a user-friendly experience for transferring virtual assets to other users. Finally, for regulated wallets, an attestation infrastructure may provide VASPs and insurance providers with better visibility into the state of wallets based on trusted hardware.
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