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    Some time ago the UK Government’s new online age verification (AV) law was supposed to come into effect. The Department for Culture, Media and Sport (DCMS), the section of the British government “in charge” of the web decided to stop children from watching porn online (which I’m sure we would all agree with) byContinue reading “SUBSTACK Web regulation the UK way, part 97: age verification”

xxx According to the Riksbank’s most recent report, the e-krona might offer some anonymity. However, the Riksbank says it will only enable anonymous transactions in a way that conforms to current anti-money-laundering and e-money regulations. From Goodbye Cash, Hello E-krona | AIER. xxx

xxx The joint new infrastructure (serving 27 million customers) will enable the provision of payments at an “at, or near, zero cost”; From Nordics P27 initiative could drive common infrastructure for direct…. xxx

xxx The Federal Reserve Board along with four other regulatory agencies – the Federal Deposit Insurance Corporation, the Financial Crimes Enforcement Network (FinCEN), the National Credit Union Administration, and the Office of the Comptroller of the Currency – say they want depository institutions to explore innovative approaches to both meet their Bank Secrecy Act/anti-money launderingContinue reading “US regulators push for new technology to tackle financial crime”

xxx Already there have been reports of residents using black data markets to boost their scores so they could be approved for a low-interest loan. From China’s worrying mandatory social credit system | Global-is-Asian. xxx

xxx MindGeek has promised its AgeID system does not store any personal information on its users. Instead, the verification system only keeps “standard technical data” to prevent fraud as well as that protected login. From Porn site confirms plans to verify YOUR age under new UK law | Express.co.uk. xxx

xxx t’s onerous enough to ask consumers to register with one age verification database, let alone expecting them to sign up for AgeChecked, AVSecure, AVYourself, and Yoti in addition to AgeID. From Why the world’s biggest porn company is backing the UK’s new age law – The Verge. xxx

xxx Websites which harbour content which is more than one-third pornographic will be obliged to verify the age of UK visitors under the new law. From Porn users will have to prove their age before they can view images online | Daily Mail Online. xxx

xxx 64% of decision-makers said they believe that the new regulations have already given large tech companies an advantage over traditional banks From Open Banking year one: Insights from the CMA9 and more. xxx

xxx Apart from anything else, we expect to see a resurgence of interest in the “decoupled debit” proposition whereby platform-provided strong authentication to retailer apps will allow them to bypass the existing card infrastructure (with some projections indicating that a third of European card volume could disappear in the coming years) and perhaps even theContinue reading “Merchants, payments and the open banking ecosystem | Consult Hyperion”