Cryptocurrency lenders are going to be able to start checking credit reports: TransUnion will let consumers give blockchain companies access to their personal credit data
have started to sample ways of offering customers the ability to invest and store bitcoin and other digital assets.
DeFi faces several regulatory hurdles until it becomes mainstream, JPMorgan analysts wrote in a recent note. The Spring Labs’ digital passport currently shows anti-money-laundering and know-your-customer verifications after users go through the registration process and attach the passport to their digital wallets. No personal data are publicly shared, just attestations of the completed processes, the companies said. They expect consumers’ credit data to be available on the passport by the end of this year.
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