FinCEN seeks presentations on zero-knowledge proofs, other privacy tech for September event

The Financial Crimes Enforcement Network (FinCEN) announced Wednesday that it is soliciting participation for its Innovation Hours Program on September 9, 2021. 

Specifically, FinCEN is seeking out input from companies that deal with privacy technology such as zero-knowledge proofs, an encryption method used in conjunction with blockchain networks in which a transaction can proceed without requiring sensitive information from the participants, as well as homomorphic encryption — the ability to use encrypted data without having to first decrypt it. 

“This program is an example of FinCEN’s ongoing dedication to advancing the integrity and innovative strength of the U.S. financial system, which includes balancing transparency and accountability with the important principles of privacy and security,” Acting Director of FinCEN Michael Mosier said in a statement.  “We support responsible innovation, especially that which promotes the resilience and safety of our financial system and the American people."

Companies must submit an online request by July 23, 2021 before being considered for the event.