KYC data is an irresistible honeypot for hackers, and we must change how it is collected
Privacy-preserving identity verification systems could allow individuals to prove only what a service needs to know while keeping the underlying information under their control, writes Coin Center’s Laz Pieper.
This is a summary. Read the complete story at CoinDesk below.
Read full article at CoinDeskRelated Stories
Inside the last-minute political breakdown that doomed the Clarity Act vote
Last minute, behind-the-scenes disputes locked in a dismal showing for the market structure legislation the industry pinned its greatest hopes on.
CoinDesk
BIS paper finds major gap in Bitcoin onchain transfer estimates
A BIS study found widely used crypto metrics can obscure economic activity, with measurement challenges spanning Bitcoin, Ethereum and stablecoins.
Cointelegraph
Crypto stocks slide after CLARITY Act fails to advance in Senate
Circle and Coinbase shares fell about 10% as the failed Senate vote weighed on crypto-linked equities, with Bitcoin miners and treasury companies also declining.
Cointelegraph