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It is so common for mainlanders to use these virtual wallets that many no longer carry cash or credit cards on them, leading to an increasing number of shops that refuse to accept cash – much to the annoyance of China’s central bank.

From As China goes cashless, it’s the elderly who pay the price | South China Morning Post:

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Electronic payments, whether domestic or cross-border, are not so much a technological problem but rather a problem of governance, standards, and regulation.

From Chinese Central Bank Digital Currency: an evolution, not a revolution — The blog of Sebastien Meunier.

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By a wide margin, the main thing that makes Cash App more vulnerable to fraud is the fact that you can use it without providing proof of your identity.

Cash App enabled users to receive stimulus payments directly to their Cash App accounts, which made stimulus fraud scams much more plausible.

Cash App markets itself heavily to younger demographics who have limited awareness about payment security.

Cash App is growing faster than its competitors because it accepts a wider range of payment methods, such as ACH, credit and debit cards, and Bitcoin—other platforms require an actual bank account.

From Weighing the Risks of P2P Payment Fraud on Cash App.

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By a wide margin, the main thing that makes Cash App more vulnerable to fraud is the fact that you can use it without providing proof of your identity.

From Weighing the Risks of P2P Payment Fraud on Cash App.

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German regulators suspect that EY partners knew they were issuing “factually inaccurate” audits for Wirecard in 2017 and 2018. At the time, EY’s anti-fraud team was investigating allegations of accounting manipulation at an Indian subsidiary of Wirecard.

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The aptly named Oklahoma Mobile ID has been developed by IDEMIA in collaboration with the Oklahoma Department of Public Safety, the Oklahoma Office of Management & Enterprise Services, and Innovate Oklahoma. It is designed to essentially create a virtual version of an end user’s physical driver’s license on their smartphone, which can then be used as official, ISO 18013-5 compliant ID.

From IDEMIA Mobile ID Makes Debut in Oklahoma – Mobile ID World:

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Compared to GPS trackers attached to animals, facial recognition is a more convenient and reliable tool for tracking spreading generations, detecting diseases or finding lost animals.

Databases can also offer consumers more transparent information about the origin of their food and ensure the animals have been treated well and lived good lives.

From Knowing That Chicken by Face:

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This automated style of farming has the potential to be safer, cheaper and generally more effective: In 2018, pig farmers in China’s Guangxi province trialling FRT found that it slashed costs, cut down on breeding time, and improved welfare outcomes for the pigs themselves.

From Facial recognition for pigs: Is it helping Chinese farmers or hurting the poorest? | Artificial intelligence (AI) | The Guardian:

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At least 13% of all criminal proceeds in bitcoin passed through privacy wallets – which make it harder to track cryptocurrency transactions – in 2020, up from 2% in 2019, according to a study by the digital currency forensics firm.

From Criminals getting smarter in use of digital currencies to launder money | Reuters:

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Ruchir Sharma, Morgan Stanley Investment Management’s chief global strategist, recently wrote in the Financial Times that only five currencies had been top dog in post-medieval times: those of Portugal, Spain, the Netherlands, France and our United Kingdom. Those reigns lasted 94 years on average, by which measure the dollar is overdue for overthrow. The only thing keeping it in place is the lack of a successor.