In an effort to combat the growing threat of money laundering and terrorist financing, global regulators have shaken the foundation of the crypto economy with tough new requirements. The FATF and BSA funds “Travel Rules” require exchanges and other virtual asset service providers (VASPs) to securely transmit sender and receiver information with every cryptocurrency transaction. Crypto exchanges and banks urgently need a solution for dealing with this new regulatory reality.

CipherTrace recently sponsored a unique venue where a virtual Who’s Who of virtual asset thought leaders came together to discuss compliance—and to actually formulate solutions. At the cryptocurrency Travel Rule Compliance Conference and Hackathon, they learned from leading legal, compliance, and counter terrorist financing experts. Speakers and panelists included representative of organizations as diverse as the DHS, the US Treasury’s FinCEN, eToro, Binance.US, the Cloud Security Alliance, Zcash, Ethereum Classic, and many more.

Developers also collaborated on projects for sharing sender and receiver information while preserving cryptocurrency user privacy. Top blockchain engineers from CipherTrace were on hand to provide support and judge the results.