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xxx he Feds claim that between January 2019 and February 2020, somewhere between 45 per cent and 95 per cent of NS8’s listed assets appear to have been fictitious. During that period, the firm raised about $123m from investors. From Online fraud prevention biz fails to prevent CEO’s alleged offline fraud • The Register: xxx

xxx To that end, the House this week finally passed the Internet of Things Cybersecurity Improvement Act, which should finally bring some meaningful privacy and security standards to the internet of things (IOT). Cory Gardner, Mark Warner, and other lawmakers note the bill creates some baseline standards for security and privacy that must be consistentlyContinue reading “House Passes Bill To Address The Internet Of Broken Things | Techdirt”

xxx “Even where a crypto-asset would qualify as a MiFID II financial instrument (the so-called ‘security tokens’), there is a lack of clarity on how the existing regulatory framework for financial services applies to such assets and services related to them. As the existing regulatory framework was not designed with crypto-assets in mind, NCAs [nationalContinue reading “Leaked document: EU Commission aiming for a front position on crypto regulation – The Tokenizer”

xxx “Even where a crypto-asset would qualify as a MiFID II financial instrument (the so-called ‘security tokens’), there is a lack of clarity on how the existing regulatory framework for financial services applies to such assets and services related to them. As the existing regulatory framework was not designed with crypto-assets in mind, NCAs [nationalContinue reading “Leaked document: EU Commission aiming for a front position on crypto regulation – The Tokenizer”

xxx The decision to make Aadhaar just a number has greatly contributed to the goals of cost reduction, determination of uniqueness, inclusion of the poor and in enabling Aadhaar to become a digital ID platform, rather than a standalone smartcard. There are multiple reasons for the success of this design. From Why we made AadhaarContinue reading “Why we made Aadhaar a number, and not a card”

xxx Dhuri said specific information unique to each animal like the footprint, height, weight, colour and tail hair is recorded in the software. “These details are then fed into the system, which generates a unique code to each cattle. Once the codes are uploaded in the system, they are then made available to all acrossContinue reading “Cows on cloud: Unique digital identity for cattle | Goa News – Times of India”

xxx Dairy farmers who have an android phone can download the app and get all information pertaining to cattle. The app has been developed by two Belagavi-based software engineers – Prasad Desai and Sujit Hukkerikar. “Prime Minister Narendra Modi had appealed for a proposal to digitise cattle in a bid to curb cattle theft inContinue reading “Cows on cloud: Unique digital identity for cattle | Goa News – Times of India”

xxx Third-party research commissioned by Square shows that 51% of small business owners support government bans on cashless businesses, that 83% of small business owners in America never plan to go cashless, and 73% believe the U.S. will never be a fully cashless society. From Is the U.S. on Its Way to Becoming a CashlessContinue reading “Is the U.S. on Its Way to Becoming a Cashless Society?”

xxx For example, Travas Clifton, owner of ModCup Coffee and a Square seller, has seen the benefits of being cashless first-hand at his three New Jersey cafes. When he learned that 81% of transactions across all locations were made with credit or debit cards, he decided that the remaining 19% of cash transactions were worthContinue reading “Is the U.S. on Its Way to Becoming a Cashless Society?”

xxx Businesses that refuse cash put at a disadvantage people who lack traditional bank accounts or can’t qualify for credit cards, consumer advocates say. About one-fourth of American adults were unbanked or underbanked in 2019 — meaning they lacked a bank account or had one but also used alternatives like check-cashing services, the Federal ReserveContinue reading “Who Gets Hurt When the World Stops Using Cash – The New York Times”