I was sitting yesterday talking about KYC, Know Your Client, and argued that for a digital age we need digital identities.
This is a way off if you look at the state of KYC.
Today, you have anti-money laundering (AML) rules that demand proof of identity by showing a passport and utility bills to check address and personage in most countries. Northern Europe is the exception as the Nordic markets have seen governments and banks working together to promote digital identities (as far as I know, the only place apart from some parts of Asia that has done this).
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