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$WLD Worldcoin has introduced a new World ID passport credential system, which is currently being piloted in several countries, including Chile, Colombia, Malaysia, and South Korea. The World ID system allows individuals to link a valid form of identification, starting with NFC-enabled passports, without sharing any information with TFH, the World Foundation, or any other third parties. In addition, the World Foundation is offering WLD tokens to individuals who possess a valid World ID passport. Those who have verified their World ID on the Orb platform are eligible to claim a total of approximately 51.69 WLD tokens. Individuals who have added a verified passport credential are eligible to receive additional WLD tokens, regardless of whether they have verified their World ID on the Orb platform.$WLD

Worldcoin has just launched a new World ID Passport System, which is currently being piloted in several countries, including Chile, Colombia, Malaysia, and South Korea ¹. This innovative system allows individuals to link their valid ID documents, starting with NFC-enabled passports, to a World ID without sharing any information with third parties ². Here's how it works: - *World ID Credentials*: Individuals can connect their valid ID documents to their World ID, enabling them to prove their identity online without revealing sensitive information ¹. - *Anonymization Infrastructure*: The World ID protocol provides anonymization infrastructure, allowing individuals to privately prove their identity online ¹. - *WLD Tokens*: The World Foundation is offering WLD tokens to individuals with valid World ID passport credentials ¹. This new system has the potential to increase global access to the World Network and pave the way for widespread application of World ID ³. As the pilot expands to more countries and devices, we can expect to see more exciting developments from Worldcoin.

$WLD Worldcoin has introduced a new World ID passport credential system, which is currently being piloted in several countries, including Chile, Colombia, Malaysia, and South Korea. The World ID system allows individuals to link a valid form of identification, starting with NFC-enabled passports, without sharing any information with TFH, the World Foundation, or any other third parties. In addition, the World Foundation is offering WLD tokens to individuals who possess a valid World ID passport. Those who have verified their World ID on the Orb platform are eligible to claim a total of approximately 51.69 WLD tokens. Individuals who have added a verified passport credential are eligible to receive additional WLD tokens, regardless of whether they have verified their World ID on the Orb platform.$WLD

Bitcoin and KYC Regulations: A Balancing Act The decentralized nature of Bitcoin has historically been a significant advantage, allowing users to transact anonymously. However, this anonymity has also made it a tool for illicit activities, prompting regulators to implement Know Your Customer (KYC) regulations. Why KYC for Bitcoin? KYC regulations are designed to identify and verify the identity of individuals and businesses involved in financial transactions. For Bitcoin exchanges and other cryptocurrency service providers, KYC measures help to: * Prevent Money Laundering and Terrorist Financing: By verifying the identity of users, exchanges can identify suspicious activity and report it to authorities. * Comply with Regulatory Requirements: Many countries have implemented strict KYC regulations for financial institutions, including cryptocurrency exchanges. * Protect Users: KYC measures can help protect users from fraud and scams. How KYC Works for Bitcoin: When you sign up for a cryptocurrency exchange or wallet, you'll typically need to provide the following information: * Personal Information: Full name, date of birth, and address. * Proof of Identity: A government-issued ID, such as a passport or driver's license. * Proof of Address: A utility bill or bank statement. In some cases, you may also need to provide additional information, such as your source of income or the purpose of your cryptocurrency transactions. The Impact of KYC on Bitcoin: While KYC regulations can help to prevent illicit activity, they can also hinder the privacy and anonymity that Bitcoin was originally designed to offer. Some argue that KYC regulations undermine the core principles of decentralization and privacy. However, it's important to note that KYC regulations are necessary to ensure the long-term viability and adoption of Bitcoin. By complying with these regulations, cryptocurrency exchanges and other service providers can build trust with regulators and the general public. As the cryptocurrency industry continues to evolve, it's likely that KYC regulations will become more sophisticated and widespread.$BTC

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