Remove Interoperability Remove Legal Framework Remove Verification
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What is Stopping Blockchain From Seeing the Same Success as AI?

The Fintech Times

A lack of interoperability leads to a fragmented user experience, and if rushed to market, an increased risk of bugs and vulnerabilities. Financial institutions hesitate to adopt blockchain without clear, consistent regulatory frameworks, especially when operating across multiple jurisdictions.

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Very important feedback to the EU-commission from Findynet

Finextra

Focus on Credentials, Not Wallets The core value of digital credentials—electronic attestations of attributes—lies in their ability to facilitate automated processing and verification. Ensuring public sector participation will accelerate adoption and interoperability across industries. This framework underpins real, verifiable trust.

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Age Verification Regulations in France and the UK

Segpay

France and the United Kingdom have implemented strict age verification regulations to address this issue. While their goals align, their approaches and legal frameworks differ. France, on the other hand, has integrated its age verification requirements within the broader framework of its existing digital and privacy laws.

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Understanding Crypto Money Laundering, and How to Get a Handle on It

Fintech News

This trend highlights how criminals are exploiting the interoperability of different blockchain networks to further obscure the trail of illicit funds. In January 2024, nearly US$234 million in illicit inflows were recorded moving through bridges – the highest value to date. The United Arab Emirates has amended Federal Decree-Law No. (20)

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New Regulations Could Push US Dollar Stablecoins Into The Payments Mainstream

PYMNTS

To get a bit more granular, in an interpretive letter , the OCC said that regulated financial institutions (FIs) can participate in independent node verification networks (INVN for short – namely, a blockchain network). But those same payments mechanisms must be in compliance with various regulatory and legal frameworks.

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Banks and Stablecoins: a first step towards bridging traditional finance and the crypto world

Finextra

Banks in the EU now have a legal framework to engage with stablecoins in a compliant way. Monthly verification of reserves will become standard practice, giving users confidence in the stability of these digital assets. The real challenge will be in the interoperability between stablecoins and existing financial systems.