Future of identity

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Lending: the 2 things you should ALWAYS ask your customers to avoid fraud in LatAM

Did you know that in Mexico, financial companies (ie. banks or lending services) were 3 times more targeted by fraudsters? Even worse: according to a study by Lexis Nexis from last year, the amount of money they lost to frauds is 8 times bigger than what other companies have declared. For them, cost of fraud tends to reach an awful 2.39% of annual revenue.

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How Identity Verification Will Take Finance (and Crypto) Mainstream

What does something as boring as compliance software have to do with financial inclusion, decentralization, or economic development of underdeveloped countries? In short, the lack of modularized legal identity is a peg blocking a domino effect of development in inclusive finance, e-commerce, the service economy, and the promised land of a peer-to-peer economy built on top of blockchains. My goal is to share with you the roadmap, and the bet we’ve made— that standardizing identity will do for the world what a brick did for architecture.

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Crypto in Mexico: Is All Hope Lost?

Mexico was the first country to issue sector-specific regulations for FinTech companies, published in March 2018 (the “FinTech Law”). Among other subjects, it addressed companies which use digital assets, provide financial advisory, carry out crowdfunding, and perform electronic payments. Later that year, in September, the complementary regulations were issued. Still, a lot of loopholes with regard to digital assets were still pending, which is why a further complementary regulation was discussed and worked on.

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FinCEN on Crypto, and How It Affects You

The Financial Crimes Enforcement Network (“FinCEN”) issued several rules which must be followed by anyone dealing with currency (“real” or virtual), in any way. The FinCEN has defined what it deems as a user, an administrator, and an exchanger of virtual currency, on the understanding that “virtual currency” is regarded as a medium of exchange accepted like currency in some environments, but lacking the legal tender status.

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Why Cashing In & Out Of Crypto Exchanges Is (STILL) A Pain In The Ass.

The Financial Crimes Enforcement Network (“FinCEN”) issued several rules which must be followed by anyone dealing with currency (“real” or virtual), in any way. The FinCEN has defined what it deems as a user, an administrator, and an exchanger of virtual currency, on the understanding that “virtual currency” is regarded as a medium of exchange accepted like currency in some environments, but lacking the legal tender status.

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Identifying One Billion Ghosts

It may surprise you that only half of the world’s population currently have access to the internet. That’s 3.5 billion people who are completely disconnected from the web and all of the opportunities it affords.

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