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βοΈ US Treasury Evaluates Digital Identity in DeFi
π Studying integration of digital identity verification in DeFi smart contracts under the GENIUS Act.
π‘ Goal: incorporate KYC/AML controls on the blockchain and reduce compliance costs.
π§© Tools: government IDs, biometrics, portable credentials, plus APIs/AI and on-chain analytics.
β οΈ Challenges: data privacy and balancing innovation with regulation.
ποΈ Public comments until October 17, 2025 β report to Congress and possible guidelines/rules.
π MyTonWallet
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Cripto Escena | Subscribe
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βοΈ They say cryptos are used to hide wealth; part of a national push for tax supervision over digital assets.
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Fast
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