IDENTITY VERIFICATION
ZKredit Launches on BNB Chain to Bridge TradFi Credit Data With DeFi Lending
ZKredit uses zero-knowledge proofs to verify real-world credit history onchain without exposing personal data, enabling undercollateralized DeFi lending.
Linea Introduces Cost-Free Bridging and Identity Verification for Ethereum Users
Linea aims to enhance Ethereum's Layer 2 efficiency by offering free asset bridging and privacy-focused identity verification, facilitating seamless transactions and user engagement.
Self Protocol Launches to Enhance Onchain Identity Verification
Self Protocol introduces Sybil-resistant identity verification using zero-knowledge proofs, following Self Labs' acquisition of OpenPassport, aiming to improve privacy and scalability in the digital economy.
Worldcoin’s World ID Expands to Solana via Wormhole Grant
Wormhole secures a grant to integrate Worldcoin's World ID with Solana, enhancing cross-chain identity verification.
Binance Implements Mandatory Identity Verification (KYC) Requirements
Binance has implemented KYC requirements for all sub-accounts created under its Link Program, with non-compliant sub-accounts facing restrictions and eventual account suspension.
Worldcoin Launches Advanced Identity Verification in Singapore
Worldcoin expands to Singapore with World ID verification, following a temporary pause in India due to high demand and regulatory scrutiny.
Exclusive: Blockpass COO, on the Significance of the FATF Travel Rule to VASPs
Personal identity is a fundamental human right according to Article 8 of the United Nation’s Convention on the Rights of the Child. Identity is crucial to a functioning society and economy, however, there are 1.1 billion people in the world that do not have proof of identity and 45% of them are among the poorest 20% around the world. For enterprises, customer data protection can be proven costly as 2.8 billion consumer data records were exposed at an estimated cost of more than $654 million in 2018.