U.S. Treasury supports digital IDs as a safeguard against financial crime before transactions are executed

U.S. Treasury supports digital IDs as a safeguard against financial crime before transactions are executed

Digital  identity verification is being weighed up as a mechanism hardwired into decentralized finance (DeFi) systems to control financial related crime. With the potential to reduce illicit activities supported by the U.S. Treasury Secretary, Janet Yellen, the open-access nature of the sector could be drastically “altered”, said some news outlets, changing permissionless onboarding. The whole […]

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