  Virtual 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 regulated wallets, an attestation
infrastructure may provide VASPs and insurance providers with better visibility
into the state of wallets based on trusted hardware. Finally, for customers of
VASPs there is a need for seamless integration between the VASP services with
the existing consumer identity management infrastructure, providing a
user-friendly experience for transferring virtual assets to other users.
