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Legislation introduced in California in February builds on these platforms’ terms of service. The bill would require large social media platforms to seek to verify the identity of influential persons (determined by number of followers or pieces of content) and label the profile page of such individuals either authenticated or unauthenticated. The bill also clarifies that it doesn’t intend to preclude a social media platform from verifying the identities of other users.

From: ID Verification Is Rising as Social Media’s Next Big Issue.

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Any verification requirements shouldn’t prohibit the posting of anonymous content by either verified or unverified users—it’s important in the digital age to preserve the option of anonymous speech.

From: ID Verification Is Rising as Social Media’s Next Big Issue.

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Verification certainly isn’t the solution to all social media ills. But it appears that, based on the action by the states and FTC, many recognize it could help by providing greater assurance that whatever is posted online is by someone whose identify has been verified—or by someone who has chosen not to have their identify verified.

From: ID Verification Is Rising as Social Media’s Next Big Issue.

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Revolut faces the frustration of becoming a bank just as interest rates may begin to fall

From: Britain’s Newest Bank – by Marc Rubinstein – Net Interest.

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People are increasingly looking for ways to digitize everyday items — with one of the top requests being a digital ID. Last year we began rolling out the ability to save select state-issued digital IDs to Wallet. Starting soon, we’ll begin beta testing a new type of digital ID in Google Wallet, giving more people in more places a way to create and store a digital ID, now with a U.S. passport. This new ID pass works at select TSA checkpoints, saving you time and stress at the airport when you’re traveling domestically.
Creating an ID pass is easy: Select the prompt in the Google Wallet app to “create an ID pass with your U.S. passport” and follow the instructions to scan the security chip in the back of your passport. You’ll be asked to take a selfie video to verify your identity, and Google Wallet will notify you when your ID pass is ready (typically within a few minutes). While ID passes are accepted at select TSA checkpoints today, we’re working with partners so you can use digital IDs in even more situations — for example, in the future we believe you should be able to use digital ID for things like account recovery, identity verification and even car rentals. This technology is in its early stages, so it’s important to know that a digital ID in Google Wallet is not a replacement for your physical ID. For now, you need to carry a physical ID with you when traveling.

From: New Google Wallet features for travelers and commuters.

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Are their places where conditional anonymity should be allowed? What about this example from the world of real estate, which is noted for trustworthy intermediaries, unlike crypto.

An electronics tycoon is suing the realtor who persuaded him to knock $6million off the asking price for his home without telling him that the buyer was the world’s second richest man.

Amazon boss Jeff Bezos was in the middle of a house-buying spree last year when he was attracted by the 19,000 square foot mansion for sale at $85million on Miami’s Indian Creek island.

From: Man who sold his Miami mansion for $79M files lawsuit after he discovers identity of mystery buyer | Daily Mail Online.

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El Salvador’s President Nayib Bukele sat down for an interview with TIME in his office at the Casa Presidencial in San Salvador on June 25.

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Bitcoin hasn’t had the widespread adoption we hoped for.

From: Read the Transcript of President Bukele’s Interview With TIME | TIME.

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Company growth has also been constrained by the user experience banks offer.

From: (4) Free Money – by Marc Rubinstein – Net Interest.

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Non-human identity represents identity at a scale and speed we’ve never seen before. The traditional tools and standards we use for human identity simply don’t work in this new environment.

From: Revisiting Non-Human Identity – IDPro.

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Last week Russian news outlet Kommersant reported on the planned creation of two cryptocurrency exchanges for foreign payments to circumvent sanctions, citing sources. The aim is to create stablecoins for the Chinese yuan and a BRICS currency basket.

From: Russia plans stablecoins, 2 crypto exchanges to circumvent sanctions – Ledger Insights – blockchain for enterprise.

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